23 Jul 2020
life term insurance

COVID- 19 has shaken the entire world. Starting with a handful of cases in Wuhan, China, in 2019, the virus has rapidly spread across the globe, leaving everybody worried about their safety. It also led many to wonder whether life insurance will cover coronavirus.

You may also have a lot of questions regarding how coronavirus can affect your life insurance coverage. Here are some answers that can help you: 

Can I avail of the benefits of life insurance if I have COVID- 19?

Even before this global crisis, insurers didn’t approve a policy before making a full background check. Similarly, for coronavirus, insurers will look at your current and past health status. They will also check your travel history, pre-existing conditions, infected family member (if any), etc. After verifying everything, the insurer will decide whether you can avail of the benefits or not. 

Do life insurance quotes cover death from coronavirus?

Death from coronavirus will be covered by your life insurance plan as long as your premiums are paid on time. 

Can new life insurance be bought during the time of coronavirus?

Yes, you can benefit from some of the best life insurance plans being offered by almost all insurance companies in Richardson, TX. Once your insurance is approved, start paying the premium immediately and secure your plan. 

Is it still mandatory to perform the life insurance medical test?

Yes, the applicant still has to undergo a medical examination to benefit from life insurance. However, the hospitals conducting the exams ensure rigorous safety procedures are implemented. 

It is always advisable to do proper research before buying an insurance plan. For more assistance and questions regarding insurance policies, contact the experts at Patterson & Associates. We are ready to help you with all your coverage needs.