Whilst life insurance isn’t a legal requirement, it’s good to have as it ensures that your loved ones are financially protected in the event of your death. And the importance of life insurance has become even more significant during the COVID-19 pandemic. With death tolls still in the hundreds daily, many people have been left wondering what would happen to their families if they unexpectedly pass away. We are currently in the midst of a global pandemic that has slightly altered life insurance and who is allowed to take out a policy. So, if you’re considering getting life insurance, it’s worth familiarising yourself with how life insurance has been impacted by COVID-19.
Please note: this information is accurate as of 1st June 2020.