In the past few months Covid 19 has touched nearly every facet of life, including life insurance. So, the burning questions many are wondering is; "does life insurance cover Covid 19?", "Can I still get life insurance during Covid 19?" and the short answer to these questions are yes. As long as your policy is active if you were to pass due to Covid-19 your beneficiaries would still receive the death benefit. What Covid-19 has affected is the application process. However, this does not meant you cannot apply and get coverage during this pandemic, there are just tighter restrictions to those applying. For example:
Don't take these restrictions as a sign that it's not the right time to get coverage, because for many it is actually the perfect time to get insurance. Accelerated underwriting has never been easier, and with the entire process being virtual, you can even get life insurance the couch while social distancing!
Retirement planning is an essential step in factoring your insurance needs. While not always seen as hand in hand; life, disability, Medicare, and long term care coverage are all part of retirement planning. Life and disability insurance protect the income you generate retirement savings with, and Medicare and long term care insurance protect your retirement savings from unpredictable medical expenses that could devastate your retirement savings. This is why having sufficient coverage and risk protection is an important step in planning for retirement.
In our commitment to helping our clients understand their needs and goals to make educated decisions, we provide a retirement calculator to aid in drafting a game plan for your retirement.