Term life policies are generally aimed at younger people, particularly those with debt like a mortgage or anyone raising a family who would need financial support if they were gone. While there are some circumstances where older people find term life policies useful, the impacts of the coronavirus has made them"We saw was a lot of insurance carriers stop accepting applications from applicants who were over the age of 70," Fitzgerald told Business Insider.
"There are still life insurance options for that age group," Fitzgerald says. "But some of the options that were previously available were discontinued."Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.SmartAsset's free tool matches you with a financial planner in your area in 5 minutes.
It'd be better to offer affordable insurances for when you're still alive... Looking at that guy who recently received a million dollar bill after having to stay in the hospital due to corona virus for almost 4 weeks... im sure he wished he would've died - and THATS beyond sad..
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Fidelity spurred a 147% productivity hike during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Putin linked US anti-racism protests to the coronavirus, he said US protests were a sign of deep crises Antifa BlackLivesMatter Sounds like bullshit
Source: BusinessInsider - 🏆 729. / 51 Read more »
Senate, Congress needs to pass COVID-19 US economy stimulus package - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 1/ Thread: Some highlights to ponder from this article: With 13.3% Americans unemployed, the poverty rate in the US is poised to rise dramatically. This could lead to more deaths due to COVID19-induced poverty than COVID-19-induced illness.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Likes and followers will hold more value for retailers post COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Measuring likes and follows is all very good, but business needs to find ways to convert these to buying and long term loyalty. Right now 50 000 sales and no likes is better than 50 000 likes and no sales.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Sweden shut out of COVID-19 reopening by Finland, Norway, Denmark - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Pathetic, politically motivated! Up to 70% false positive, up to 56% false negative tests, up to 80% asymptomatic cases, different testing regimens COVID19 in the US & EU 12/19; anyone who claims they have a clue were we stand in the pandemic is a LIAR
Source: BusinessInsider - 🏆 729. / 51 Read more »