Looking for life insurance coverage? These new policies could affect your search
Term life policies are generally aimed at younger people, particularly those with debt like a mortgage or anyone raising a family who would need financial support if they were gone. While there are some circumstances where older people find term life policies useful, the impacts of the coronavirus has made them"We saw was a lot of insurance carriers stop accepting applications from applicants who were over the age of 70," Fitzgerald told Business Insider.
"There are still life insurance options for that age group," Fitzgerald says. "But some of the options that were previously available were discontinued."Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.SmartAsset's free tool matches you with a financial planner in your area in 5 minutes.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silver Dollar City, ‘Thunder’ silenced, empty Vegas buffets: News from around our 50 statesIn Alabama, the state prison system said that a third inmate has died after testing positive for COVID-19.
Read more »
How Fidelity spurred a 147% productivity hike during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Thinking About Getting a COVID-19 Antibody Test? Here's What You Should Know FirstAs businesses begin to reopen and many cities return to some semblance of normalcy after weeks to months of lockdowns during the novel coronavirus (COVID-19)
Read more »
Senate, Congress needs to pass COVID-19 US economy stimulus package - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Likes and followers will hold more value for retailers post COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Sweden shut out of COVID-19 reopening by Finland, Norway, Denmark - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »