The COVID-19 pandemic has presented unprecedented challenges to millions of American families. While life insurance can’t guarantee that society will go back to normal soon, it can provide comfort that your loved ones are protected. Below are a few reasons to schedule a policy review with your agent today.

How Life Insurance Can Benefit Your Family During This Time

Provides Resources

The coronavirus disease can affect people of any age. If you unexpectedly pass away, your loved ones will need resources to continue living their lives without your income. Life insurance guarantees that you can keep caring for your family even after you’re gone.

You can often leave behind enough for your spouse to pay off the mortgage, set up a college fund for your children, or even replace your income indefinitely. An insurance agent can help you decide whether you have enough coverage to meet the needs of your loved ones.

Acts as a Backup Plan

Whole life policies often include a savings component, much like a mutual fund or other investment vehicle. In an emergency, you can withdraw or borrow against these funds and use them to provide some much-needed stability.

Purchasing Coverage During a Pandemic

Existing life insurance policies shouldn’t be affected by the pandemic, so you can feel confident that your family will be taken care of if you unexpectedly pass away. You should still review your policy and ensure you’re covered just in case. 

If you’re hoping to apply for new coverage, your insurance agent may ask if anyone in your family has traveled abroad, contracted the virus, or works in contact with the public. You may also have to wait longer for a medical exam, as health care providers are taking extra precautions to avoid spreading the infection.

You’ve worked hard to build your life, so you need an agent who will work just as hard to provide certainty and comfort during these troubling times. Nicole Gumm Groseclose Insurance Solutions has over 17 years of experience serving clients throughout Alleghany County, VA. Nicole offers personal attention and a selection of policies from some of the industry’s top carriers. Visit her website for more information on her life insurance services, or call (540) 968-1569 to schedule a policy review today.