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..
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