How coronavirus affects life insurance: Term policies mostly unaffected - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Experts say getting term life insurance is just as easy as it was before the coronavirus — and just as cheap

Life insurance is still very much available, and three experts from three different life insurance agencies report an uptick in policy applications in March 2020., says its products aren't changing. "If you're a healthy young person and you're applying for life insurance, your rates shouldn't be changed due to this coronavirus," she said. "The underwriting process is the same if you were to apply today as if you were to apply two months ago.

Generally, these medical exams are done by paramedical examiners, also called parameds. These professionals are different from the registered nurses working in hospitals and emergency rooms. Oftentimes, medical exams are conducted in your home or office, without a trip to a doctor's office or hospital.

head of risk solutions Mark Sayre told Business Insider. The online insurance agency is planning to offer a 90-day extension on the medical exam portion of the application while offering immediate coverage up to $1 million. says his agency is prompting people who are uncomfortable to look into policies with no medical exam required. , which offers term life insurance for two to 20 years at a time, does not require a medical exam for applicants.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JLL says coronavirus could have long-term impact on remote work - Business InsiderWith the potential for 18 months of disruption, businesses that moved to Zoom calls and WFH may stay that way after the coronavirus crisis is over.
Source: BusinessInsider - 🏆 729. / 51 Read more »