3 Life Insurance Moves to Consider as COVID-19 Surges
November 16, 2020 by Chris Huntley
With U.S. hospitalizations due to COVID-19 hitting new highs, sadly, some families are reviewing life insurance coverage in case of the worst. Not all may be aware of options that can help a policy owner who is seriously ill, or could soon become so.
Life-insurance coverage isn’t always static. Some policies allow changes to be made, even decades after coverage is bought. Among those are options that allow access to the death benefit before the policyholder dies, extends the time the policy is in effect, and allows the benefit to be increased, even if poor health would ordinarily preclude such a hike.