As a result of the COVID-19 pandemic, the uncertainty and brevity of life has been called back into focus. Many people are considering life insurance or rethinking their current policy all together. The life insurance industry is one of several industries that’s facing a large surge in demand in the shadow of the novel coronavirus, suggesting that health care professionals and general consumers are currently thinking about their finances in case of death.
For example, New York Life Insurance reports online searches for “life insurance and coronavirus” have risen more than 250% since early March based on data collected by Google Trends.
Luckily, it’s not too late to get life insurance and there’s good news for people who already have it. Kevin Brayton, head of sales and distribution for Prudential’s individual life insurance group, says most individuals who already have a life insurance policy are likely covered if they pass away due to COVID-19 complication… Read More