Our lives have literally changed overnight thanks to the Covid 19 pandemic. Most of us are stuck in our homes social distancing from family members, friends, neighbors, and co-workers. A trip to the grocery store means gearing up and bracing for longer lines and emptier shelves. Our schools are now just empty buildings instead of places of learning. Even the children would rather be there with their friends and teachers instead of being stuck at home with their parents and siblings.
Office buildings share the same fate. Most of us would rather be back at work telling stories around the water cooler with our co-workers as opposed to working remotely from home. If you are working on the front line we thank you and hope that you stay safe. You are the true heroes. The good news is that this will end at some point in the near future, and we will get back to normal. In the meantime, it is a great idea to take this occasion to be thankful for what you have instead of focusing on what you do not have.
It is also a good opportunity to concentrate on the important things in life such as your family, and how to best protect them. In addition to following all of the Covid 19 protocol in order to keep your family as healthy as possible, it is also important to either review your current life insurance policy, or consider taking one out if you do not have a policy in place. Now is the perfect time to do it because life insurance premiums are bound to go up based on the fact that lives are being lost because of Coronavirus.
Unfortunately, this trend will continue for a while before things level out. That means the life insurance premiums will rise with the death rate. Think of it in the following manner. Life insurance companies are forced to raise prices based on the immense increase in the policy payouts that are associated with the higher death rate. If that sounds a bit morbid, it is. However, it is important to explain the process so that you have a better understanding of how the process actually works.
The bottom line is that now is the perfect time to lock in your life insurance policy before the prices spike up. If you already have a life insurance policy in place, you should be asking yourself if there is enough coverage to protect your loved ones if something should happen to you? For example, most policyholders take out life insurance when they start a family, and then do not think much about it. That being stated, your family may have grown since that time, which means you need to increase the policy amount. If you have started a family and do not have life insurance, now is the time to get it.
In conclusion, the Covid 19 pandemic has taught us the importance of being prepared. Please consult with a professional insurance agent that specializes in providing life insurance. It is important to fully understand exactly what you are buying when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.