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COVID-19 and Life Insurance: Are You Covered?

| May 20, 2020

Not too long ago, everything was normal and seemingly under control. Since then, the spread of the pathogen has shaken the foundation of the world we once knew and exposed the vulnerabilities of our health care systems. On March 26, 2020, the U.S. surpassed China and Italy to become world leader in virus cases and deaths.1 As more confirmed cases arise, this has become a somber reminder of how brittle our health can be and more importantly the value of having a life insurance policy.

Should you get life insurance during a pandemic? While the simple answer is yes, it shouldn’t take a health crisis for you to consider financial protection for you and your family. When planning for the unexpected, life insurance is one of the best tools. It can help your family maintain the lifestyle they’ve become accustomed to and provide them with greater financial security for many years ahead. And if you already have a policy in place, now is a good time to revisit your coverage to ensure it’s sufficient.

The crisis may have challenged us with a new way of living, but our world doesn’t stop. We want to assure you that our team will continue to adapt and pursue the best interests of our clients. Don’t leave your family’s future financial security up to chance. Having coverage in place now could give you one less thing to worry about during these difficult times. Contact us to schedule a complimentary consultation on your life insurance options, all from the comfort of your own home.

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This document is for educational purposes only and should not be construed as legal or tax advice. One should consult a legal or tax professional regarding their own personal situation. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products offered by an insurance company. They do not refer in any way to securities or investment advisory products Insurance policy applications are vetted through an underwriting process set forth by the issuing insurance company. Some applications may not be accepted based upon adverse underwriting results.  Death benefit payouts are based upon the claims paying ability of the issuing insurance company. The firm providing this document is not affiliated with the Social Security Administration or any other government entity.

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[1] https://www.usatoday.com/in-depth/news/nation/2020/04/21/coronavirus-updates-how-covid-19-unfolded-u-s-timeline/2990956001