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  • Writer's picturejimmy ting

Important Lesson from COVID-19 about Life Insurance

Risk. It’s a word you’ve likely heard a lot lately in the midst of the coronavirus pandemic. Of course, there’s the increased risk of infection if you don’t take the proper precautions, such as social distancing, wearing a mask or staying at home. However, the pandemic also has highlighted the need to protect against financial hardship and risks.

Traditionally, insurance has been a key way to soften the financial blow when things go wrong. It takes the risk away from you and puts it on the insurer, who must pay out if a disaster covered by your policy happens.

Now, though, the disaster is happening worldwide with the coronavirus disease. So that brings into question whether certain types of insurance are more important than before, less useful because of exclusions, or just as valuable as ever. Here’s what you need to know about insurance in the time of COVID-19.

Life insurance is as important as ever

For anyone who has loved ones who count on them for financial support, life insurance is essential. No one is invincible. Even if you’re young and healthy, the unexpected could happen at any time, and if something does happen, life insurance can protect your loved ones financially.

The coronavirus pandemic has raised awareness about the need for term life insurance, which pays a death benefit if you die while your policy is in place. As a result, more people have been looking into getting life insurance coverage. The good thing is, now is a great time to buy a life insurance policy. There are options out there that can help you get coverage quickly and without leaving the safety of your home.

Most life insurance policies will cover a death from COVID-19 as long as you were honest on your application about your health, travel and pre-existing conditions. If you’re applying for coverage, you’ll likely be asked by the life insurer to confirm that you don’t have the virus and that you haven’t been exposed to it since starting the insurance application process. That is why buying life insurance now is important. Buy it when you are healthy so that you can get the best rate and make the process as simple as possible.

If you have coverage already, make sure you continue to pay your life insurance premiums to keep your policy in effect. If you’re having trouble making your insurance premium payments, contact your insurance agent or your insurance company’s customer service team to discuss your situation.

For more information about Life Insurance call JCT Insurance Agency at (626)354-2000 or email

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