When once-in-a-lifetime events like the Covid-19 pandemic occur, it’s only natural for people to consider their families and loved ones with an eye towards the future. The peace of mind offered by life insurance – a spouse that won’t struggle to pay the bills, children’s educational needs taken care of, medical bills paid without impacting an estate, and more – is a natural balm for the worry of Covid fears.

Is opening a new life insurance policy a viable option after contracting Covid-19? Thankfully, the answer is yes, although honesty is an extremely important factor in obtaining appropriate coverage.

Not all life insurance companies will offer coverage for new policyholders that have been previously infected with the Covid-19 virus, but those that do will usually state it clearly. When in doubt, ask your insurance agent directly.

High-Risk People, Places, and Jobs

Exposure risk will be a determining factor in your quote. If you’ve recently traveled to or reside in a high-risk area, or work in a position that frequently risks exposure, be aware these facts may impact your available coverage.

Do not omit requested information; this will only negatively impact results if your policy is needed to protect your loved ones. If you are actively infected and hospitalized, ask your agent about their teleconferencing capabilities to keep both yourself and your agent safe.

Getting a Covid Life Insurance Policy? Let Someone Know.

If you plan to obtain a life insurance policy after you’ve been diagnosed, be sure to make it a well-known fact to all of your beneficiaries, and give copies of policy paperwork to a friend, family member, or lawyer for safekeeping.