With the ongoing surge of the COVID-19, many people think about getting life insurance to protect their loved ones from mishaps. The problem is, the implementation of social distancing made it so hard to procure an insurance policy and most insurance companies are being careful in insuring people with serious medical issues. Especially with the changes made to the life insurance coverage due to the global pandemic. Here are some key points to consider when getting life insurance.
Every One of Us Is at Risk of COVID-19
The least we can do is to stay at home and only go outside if it’s important. Being cautious about health and well-being is our top priority. Of course, securing life insurance is what we can do for our families to get the overall protection they deserve.
The Two Types of Life Insurance
Adults in their 20’s are most likely to be financially advised by insurers to get life insurance to attain maximum coverage for a great deal.
A term policy has a coverage set for about 20 or 30 years. When the term expires, the policy will be terminated, except if you renew it for another term or change it to permanent life insurance, which is more pricey. However, a permanent policy has maximum coverage for your entire life with the assurance of paying the premiums. These coverages have an equivalent of a cash value account with tax deferral.
All of Us Can Get Life Insurance Including Healthy People
Some insurance companies haven’t made any price changes for healthy people, though some insurers are planning to increase later on. Life insurance may not be granted to those people who are already infected with the Coronavirus as well as to those with other serious illnesses. As for those people who have traveled abroad, a few insurance companies require you to wait for 30 days before buying an insurance policy.
Life Insurance Can Generate Family Wealth
Life insurance will not only protect the insured’s family but it can also pass a generous amount of money in the future. This is one of the reasons why getting life insurance is vital among us. Not only will it stabilize wealth but also attain a blissful life.
Conclusion
Life insurance is a must for everyone, most especially young adults. It can also dispense the financial losses of a company in case of the demise of the insured. All in all, a life policy administers the financial needs that may not be accounted for by your assets upon your death.
At Cornerstone Insurance Agency , we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (770) 413-0807 or Click Here to request a free quote.
The least we can do is to stay at home and only go outside if it’s important. Being cautious about health and well-being is our top priority. Of course, securing life insurance is what we can do for our families to get the overall protection they deserve.
The Two Types of Life Insurance
Adults in their 20’s are most likely to be financially advised by insurers to get life insurance to attain maximum coverage for a great deal.
A term policy has a coverage set for about 20 or 30 years. When the term expires, the policy will be terminated, except if you renew it for another term or change it to permanent life insurance, which is more pricey. However, a permanent policy has maximum coverage for your entire life with the assurance of paying the premiums. These coverages have an equivalent of a cash value account with tax deferral.
All of Us Can Get Life Insurance Including Healthy People
Some insurance companies haven’t made any price changes for healthy people, though some insurers are planning to increase later on. Life insurance may not be granted to those people who are already infected with the Coronavirus as well as to those with other serious illnesses. As for those people who have traveled abroad, a few insurance companies require you to wait for 30 days before buying an insurance policy.
Life Insurance Can Generate Family Wealth
Life insurance will not only protect the insured’s family but it can also pass a generous amount of money in the future. This is one of the reasons why getting life insurance is vital among us. Not only will it stabilize wealth but also attain a blissful life.
Conclusion
Life insurance is a must for everyone, most especially young adults. It can also dispense the financial losses of a company in case of the demise of the insured. All in all, a life policy administers the financial needs that may not be accounted for by your assets upon your death.
At Cornerstone Insurance Agency , we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (770) 413-0807 or Click Here to request a free quote.
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