Life Changes

Life Changes

According to life insurance company AccuQuote, the coronavirus outbreak has driven the demand for life insurance policies skyhigh. US News reports that the company is receiving between 35 to 50 more applications every day. If you’re curious about how coronavirus is impacting life insurance, below is a handy guide to some key info.

Healthy People Can Still Get Coverage

If you’re healthy you can still get life insurance, but you might want to act fast. While most insurers haven’t increased their premiums for healthy applicants, some in the industry expect that to change within a few weeks. One thing to keep in mind when applying for life insurance now is that if you’ve been out of the country, the company will likely ask you to wait 30 days or more before applying to ensure your health.

Covid-19 Exposure Doesn’t Necessarily Exclude You

If you have had Covid-19 or have been exposed to the virus, you can still get life insurance. While the details vary by company, most insurers will simply ask you to be symptom free for a certain period before applying.

You Can Likely Delay Payments

If you already have life insurance and are struggling financially, contact your agent. Most life insurance companies are allowing consumers to pause their payments for now. Just make sure you do your part and contact your agent so they understand your situation.

Things Will Change

The coronavirus is a unique situation for everyone. Keep that in mind, as insurance companies will be adapting and changing their policies as more information about the virus becomes available.

Articles
Talking to Kids about your Finances
Talking to Kids about your Finances

If you’re one of many American families financially struggling due to the coronavirus, now is a good time to discuss things with ...

Read More

Same Sex Couples Face Unique Challenges When It Comes To Personal Finances
Same Sex Couples Face Unique Challenges When It Comes To Personal Finances

You might remember when the White House was lit up like a rainbow. That happened one fateful June night in 2015, hours after the ...

Read More

The Next Step: Closing the LGBTQ+ Wage Gap
The Next Step: Closing the LGBTQ+ Wage Gap

The 6-3 Supreme Court decision that Title VII of the Civil Rights Act, which previously protected mainly women against sex discri...

Read More

Working to Work
Working to Work

The coronavirus has impacted life in major ways. If you have kids and are also trying to work while they’re home from school, you...

Read More

Love Lost
Love Lost

Love truly is blind. That’s according to a recent report from the Federal Trade Commission (FTC), which found that in 2019, Ameri...

Read More

Have it Out
Have it Out

According to a recent study from the Pew Research Center, eight out of every 10 American households have some form of debt. That ...

Read More

Not Too Much
Not Too Much

According to a study from an economist at the University of Bath’s School of Management, men in heterosexual marriages get stress...

Read More

Better Me Than You
Better Me Than You

If you want something done right, you have to do it yourself. How much you agree with that old cliche might depend on if you iden...

Read More

Looking for More Than Love
Looking for More Than Love

Recently, Federal law enforcement officers charged 80 scammers with stealing more than $46 million from the elderly, business ow...

Read More

Website Terms of Service

Please read these "Website Terms of Service" carefully before using SavvyMoney Checkup ("site", "website"). Accessing this site, or making this site available to any third party, indicates that you have read and accept these terms.

  1. Materials. Materials in this site are copyrighted and all rights are reserved. Text, graphics, databases, HTML code, and other intellectual property are protected by US and International Copyright Laws, and may not be copied, reprinted, published, reengineered, translated, hosted, or otherwise distributed by any means without explicit permission.
  2. Links to Third-Party Sites. Linked, third-party sites from website are not under the control of the Licensor. The Licensor is not responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites.
  3. Confidentiality of Codes, Passwords and Information. Licensee agrees to treat as strictly private and confidential any username, password, user ID, and all information to which you have access through password-protected areas of website.
  4. Maintenance. Licensor shall provide Licensee any new, corrected or enhanced version of the site as it becomes available. Such enhancement shall include all modifications to the site which increase the speed, efficiency or ease of use of the site, or add additional capabilities or functionality to the site, but shall not include any substantially new or rewritten version of the site.
  5. Limitation of Liability. Licensor shall not be responsible for, and shall not pay, any amount of incidental, consequential, or other indirect damages, whether based on lost revenue or otherwise, regardless of whether Licensor was advised of the possibility of such losses in advance. In no event shall Licensor's liability exceed the amount of license fees paid by Licensee, regardless of whether Licensee's claim is based on contract, tort, strict liability, product liability or otherwise.