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Answers to Common Questions About Coronavirus and Life Insurance

April 24, 2020

From the U.S. News & World Report website

The coronavirus is making more people think about the importance of life insurance to protect their families if anything happens to them – even if they’re healthy now. “The demand for life insurance is up,” says Byron Udell, president of AccuQuote, an independent life insurance brokerage firm. His company is taking about 35% to 50% more applications each day and is hiring more agents.

But social distancing rules have made it difficult to follow the regular procedure for getting a policy, and companies are being more careful about insuring some people who face greater medical risks. The process, prices and rules are changing rapidly as insurers learn more about the pandemic. Here are answers to some key questions about buying life insurance now.

From → Finance

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