With the outbreak of the COVID-19 pandemic, it’s normal to be worried about your family’s well-being. One of the most recurring thoughts that might concern you is getting life and health insurance during COVID-19.
Does Your Existing Life Insurance Cover You for Coronavirus?
All life insurance policies protect against pandemic illnesses. The insurer is liable to pay the death benefit to the family of the insured if they die due to coronavirus.
Can You Apply for a New Health and Life Insurance During COVID-19?
If you do not have a policy in place and plan to buy one now, there are a few things that you should keep in mind while considering life insurance during COVID-19.
- Some companies have changed their response to life insurance coverage for coronavirus. For instance, if you are older and have certain medical ailments, you may be more susceptible to the virus. In these cases, the insurer may either deny you cover or ask for high premiums.
- Disclose all your travel plans to the insurance companies while applying. If you plan to take a trip to one of the impacted countries, it is advisable to wait for at least 30 days after you return.
- Similarly, let your carrier know if you have come in contact with a COVID-19 positive patient. Be completely transparent so that your claims are not denied when the time comes.
Is It Mandatory to Get a Medical Exam?
If you want to avoid stepping out during the lockdown, you can look for a life insurance policy that does not require medical tests. However, remember that this type of insurance may not offer the desired coverage to protect you from coronavirus.
Make sure you buy the best health and life insurance during COVID-19. For assistance with all your health insurance needs, contact Nick Agliato (nickAgliato@wilk4800.com) at Steve Wilk Insurance. You can also visit our office at 310 S Main Street, Suite C, Lombard, IL 60148. Our dedicated team looks forward to getting you covered.