We are now in the fourth month of the COVID-19 pandemic, and with the everlasting news cycle giving us stats every day, we are reminded of our mortality. It has shown us that death and illness can strike at any time. Are you prepared for if that happens to you?
If you haven’t had one already, it’s time to have a serious conversation with your loved ones about purchasing or upgrading your life insurance policies. The pros of having a life insurance policy heavily outweigh the cons because there are no cons; a life insurance policy will financially protect your family when you die. Not having one means that your family will have to go through the emotional and financial stress of planning your funeral and the days beyond.
Because the world is still semi locked down, most insurance companies have had to shut their physical doors. At dropdead, we offer term life insurance policies that you can apply online and get a quote in mere minutes.
Continue reading about how you can and should get a life insurance policy during the COVID-19 pandemic.
Can I Even Get Life Insurance At This Point?
There is a myth going around where people are saying that life insurance rates are through the roof now that there is a public health scare and life insurance companies are taking advantage of it to boost their prices up. If you currently do have COVID-19, it may affect the premium, but if you are healthy and have not had the virus, your rate will remain that same as if you applied for a policy before the pandemic. Don’t let panic and false statements get in the way of purchasing something as important as life insurance!
Will I Need to get a Physical Exam?
Generally speaking, you will not need to get a physical exam before applying for a term life insurance policy. At dropdead, we offer 20 years of term life insurance that will cover between $100,000 to $450,000. As long as your requirements fall between those coverage amounts, you will not need to get an exam.
With that being said, if you do require a policy that costs more than $450,000 or if something comes up during the application process, dropdead may ask you to get a medical exam to complete the application, but that is rare.
What Should I do If I Can’t Afford the Policy That I Need?
At this point in time, having any amount of coverage will help out your family a lot if you pass away. If you need help with anything to do with life insurance, we are here to help! Give us a call at 1-833-358-6473 and one of our expert life insurance agents will be happy to walk you through your questions and help you better understand the policy that will be right for you. Get a Life Insurance Rate Quote today.