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Insurance companies will check your health conditions before selling a life insurance policy.

 

If you are suffering from a terminal illness and have only a few months or a couple of years left in your life, the insurance company may not want to sell a policy because they would need to pay the full coverage amount after you die. This would not be a profitable business for them. But a no exam life insurance which does not look at health conditions works differently.

 

When you start looking for life insurance, you’ll face two main decisions right away: What type of life insurance is best for me? And how much life insurance do I need?

 

As you get life insurance options and quotes, you’ll likely navigate toward a type and coverage amount that’s in line with how much you want to pay.

 

To get you started on your search, here’s an overview of types of life insurance and the main points to know for each.

 

LIMRA has published the results of its latest survey, which sought to assess the effects of the COVID-19 pandemic on life insurers in the US and Canada.

 

LIMRA surveyed 47 US life insurers and 12 Canadian life insurers to find out if the insurers were making any changes to their business due to the pandemic and the resulting federal/state social distancing guidelines.

 

The survey generally found that there was no significant change in overall applications, but there was a shift in how customers applied for life insurance. A third of companies reported a decline in face-to-face applications, while a quarter said they saw an increase in online applications in March.

 

Life insurance is easily put off, and many people simply go without it until something changes. 

 

"People typically buy life by life insurance at a certain life event," says Melbourne O'Banion, CEO cofounder of online life insurance agency Bestow. Getting married, making a career move, or facing some sort of outside event, like a death in the family, often gets people thinking about their life insurance coverage.

 

Brian and Carla Restid, a couple in their mid-60s, bought life insurance four years ago to protect their lifestyle in retirement. A year later, they upgraded to a pilot program offered by the insurer to get fitter, healthier and more energized.

 

In exchange for working to improve their well-being and providing details about the process, they have saved $700 so far in premiums.

 

“It provided a way for me to be accountable to myself,” said Mrs. Restid, 67, who has an autoimmune disease that has slowed her down. “It provided me a way to get going and keep going. I was exercising before, but it wasn’t at the forefront of my mind. This set me on a life-changing program.”

 

Your guide to the coronavirus and life insurance, including if your policy covers COVID-19 deaths and what to do if you can’t pay your premium.

 

Life insurance is one way to provide financial stability for your loved ones after you die. Understanding your policy and how COVID-19 affects your coverage is important for both you and your family.

 

To that end, NerdWallet has put together a guide on what you should know about life insurance and the current global pandemic.

 

MetLife Foundation yesterday announced that it is committing $25 million to the global response to COVID-19 in support of communities impacted by the pandemic. The grant funding from MetLife Foundation will span all regions where MetLife operates, and will address both short- and longer-term relief efforts.

 

“Supporting and protecting people is at the core of who we are and what MetLife stands for – in our business and in the Foundation’s giving,” said MetLife President and CEO Michel Khalaf.

 

Divorce can be devastating. Even an amicable divorce can cause financial hardship when you consider the cost of establishing and maintaining two individual households. While there are a lot of moving parts during and after a divorce, life insurance tends to be an afterthought.

 

If you’re going through a divorce, life insurance can help protect the assets you’ve worked to build. While every divorce will have a different set of financial challenges, life insurance can be a crucial component of a divorce settlement.

 

PORTAGE, Mich. — Concerns about the coronavirus disease 2019, or COVID-19, pandemic has caused more people to buy life insurance policies.

 

Gov. Gretchen Whitmer stresses don’t panic but take precautions, as calls for life insurances policies have spiked since the COVID-19 pandemic started threatening Michigan.

 

“It takes something like the COVID-19 virus to really get people really worried about it,” Jefferey Duncan, an insurance agent for Allstate, said.