Most of us know someone who contracted COVID-19 and recovered. Some of us may know someone who

Question:

Most of us know someone who contracted COVID-19 and recovered.

Some of us may know someone who did not fare as well and may still have long-term symptoms or even passed away due to the virus.

During the pandemic, there was a slight increase in the number of applications for new policies. The insurance companies were hesitant to cover people that had recently recovered from COVID-19 or may still be experiencing symptoms.

It's still too early to tell how the pandemic will effect premiums.

However, now is definitely a good time to assess your overall insurance needs, especially if you have been putting it off.


Action items:

1) Locate a recent article that discusses life insurance after the pandemic. Using the information from the article, survey three people about their opinions and concerns about life insurance costs and coverage since the pandemic.

2) Based on your research, create a visual presentation, video summary, or short report on what you anticipate will happen to demand for life insurance and the associated premiums.

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Related Book For  book-img-for-question

Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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