During isolation, you may have had enough time to review your insurance policies. You may have even thought about insurance policies you don’t have yet, such as life insurance. If the pandemic has you considering getting a life insurance policy, here is what you should know.
You can still get a life insurance policy.
Most insurance agencies will still be operating even if their business doors are temporarily closed as they are working remotely. This means that you will still be able to reach out to companies to enquire about securing life insurance coverage.
Most insurers during this time will ask if you have traveled to a coronavirus-hotspot recently, where it is possible you have picked up the virus. For example, if you have been to Italy recently, the insurer may postpone activating your policy until it is certain you have not contracted the virus.
The process may be different
If the policy you choose requires a medical exam, a health professional will visit you in your home to perform a basic health check. Carriers will also ask you specific questions about symptoms before sending someone to your house.
If you are not comfortable having someone come to your home, you can still get life insurance by shopping for a non-medical underwriting option. Once physical distancing restrictions have been lifted, you’ll have the option to increase the value of your benefit, either by switching to a standard policy or by adding supplemental coverage.
Make sure you have the right life policy that steps in when your family needs it the most. Talk to a trusted life insurance advisor to determine your policy and coverage exactly. Contact Donald Weiss Insurance Services to get started on your coverage today.