Life Insurance and the impact of COVID–19

Since the outbreak of COVID–19, we have been operating as normal as possible under government guidance. With life insurance application continuing to be processed under these circumstances, we thought it would be a good idea to answer some of the queries you make have, we are working remotely so if you have any further queries you should contact us on 028 9332 2822, one of our expert life insurance advisers will be in touch.

Some of the frequently asked questions are as follows:

1.       Will my life insurance policy pay out for coronavirus?

If you or a loved one has to make a claim on a life insurance policy as a result of coronavirus, it would be handled like any other life insurance claim and would be paid subject to the usual policy terms and conditions.

2.       Can I still buy life insurance?

Many insurers are still accepting life insurance applications and some have now included a coronavirus related question. But you should note that some insurers are delaying applications if you are currently testing positive for coronavirus and need to provide medical evidence, but this does not mean you cannot apply again in the future. It is important that you get in touch with us as soon as possible to ensure you have the adequate cover in place for you and/or your family.

3.       What questions should I expect to be asked on coronavirus when applying for life insurance?

Life insurance companies have developed specific questions to assess the risk around coronavirus for new applications.

Coronavirus questions may include:

·         Have you tested positive for coronavirus?

·         Are you currently in self–isolation?

·         Have you had any symptoms of coronavirus?

·         Have you been in direct contact with anyone who has been diagnosed or suspected of having a coronavirus?

If you answer yes to some of these questions, your decision may be delayed until you have recovered. The decisions may vary between insurer. If you’re classed as being high–risk because of your medical condition such as people with severe Diabetes, Asthma, Heart Conditions, Auto–immune Diseases.

If you have any further questions please do not hesitate to contact us we’d love to help!

Give us a call today on 028 9332 2822, or email to arrange your free no obligation meeting today!