Category: High Risk
Does life insurance cover COVID?
Yes, and we show you how to get approved!
A number of factors affect COVID-19 life insurance, including:
When COVID started in early 2020, life insurance companies responded quickly by:
Slowly we are just now starting to see improvements in underwriting high-risk conditions like COVID as we head into the new year.
We show you exactly what to expect from life insurance underwriting before you apply.
We help you work through the companies to ensure that you receive the best possible offer when available.
If you’ve been diagnosed with COVID-19, the general rules seem to be:
If you’ve made a full recovery, underwriting COVID histories is not a problem.
We expect normal underwriting rules to return as the vaccine gets further distributed.
If you’ve been exposed to someone with COVID, some companies will make you wait 30 days from the date of exposure.
Underwriters are looking at the following conditions when deciding whether to issue a policy to you.
The above are the main categories we see negatively impacting underwriting, but there are other conditions as well.
Something to keep in mind is that the above doesn’t represent an automatic postpone or decline.
From our experience, most companies have really been trying to approve coverage on as many cases as possible.
Some companies have suspended underwriting simply based on your age.
Company | Age |
AIG – American General | 70 |
Global Atlantic | 70 |
John Hancock | 80 |
Lincoln National | 80 |
Minnesota Life | 71 |
New York Life | 80 |
North American | 80 |
Penn Mutual | 70 |
Principal | 80 |
Protective Life | 80 |
Prudential | 80 |
Symetra | 80 |
Transamerica | 76 |
United of Omaha | 70 |
Life insurers look at recent travel, planned travel, and your destination.
The general consensus is that most companies will postpone you for 30 days after you return from your trip.
At that time, normal underwriting rules apply.
If you have an upcoming trip during the next 60 days, you may get postponed until you return, and then have to wait 30 days.
These rules are starting to change more frequently so check back often.
AIG American General
Banner Life Insurance Company
John Hancock
Penn Mutual Life Insurance
Principal
Protective Life
Prudential
Symetra
Underwriting is rapidly changing.
A growing concern with underwriting relates to the long-haul COVID symptoms that survivors are facing.
It’s always best to try and get a policy now and improve on it in the future if possible.
Please take a few minutes to submit your quote request.
There is no pressure or obligation with our service. Thank you.
We take our responsibility seriously and will do whatever we can to make sure you end up with the best life insurance company based on your unique life insurance needs and situation.
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