03/19/2020
COVID-19: What Existing Policy Holders Need to Know!
Once placed inforce, a life insurance policy will pay out for most types of death, including anything related to complications from COVID-19 or any other disease. The rare occasions that the life insurance policy would not pay out would be if the cause of death was su***de within the first two years of the policy being active, if you died while committing a serious crime, or if the policy includes a clause excluding a specific cause of death. For example, if youβre a racecar driver, you may opt for less expensive life insurance policy that excludes coverage for death as a result of racing.
For current life insurance policy holders, if you are diagnosed with coronavirus, your coverage will remain active. Once you buy life insurance, as long as you keep paying the premiums your coverage will stand.
For help establishing a Life Insurance Policy Simply Message Us!