{"id":284,"date":"2020-04-09T06:15:27","date_gmt":"2020-04-09T06:15:27","guid":{"rendered":"http:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/?p=284"},"modified":"2020-04-14T07:02:24","modified_gmt":"2020-04-14T07:02:24","slug":"your-life-insurance-covers-covid-19-if-you-need-coverage-move-quickly","status":"publish","type":"post","link":"https:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/your-life-insurance-covers-covid-19-if-you-need-coverage-move-quickly\/","title":{"rendered":"Your Life Insurance Covers Covid-19. If You Need Coverage, Move Quickly."},"content":{"rendered":"<p>&nbsp;<\/p>\n<h3><strong>W<\/strong>hat I am finding is my clients are realizing that they or family members (kids, nieces, nephews&#8230;) are underinsured for insurance.\u00a0 With the current situation,\u00a0 we are hearing from the experts that it is going to become more expensive and harder to get coverage&#8230;.<\/h3>\n<p>I would like to extend an offer to you or your family to do a\u00a0<strong>free insurance review which can include life, disability, and long term care insurance<\/strong>.\u00a0 See the latest article below!<\/p>\n<p>&nbsp;<\/p>\n<div>By Nick Fortuna\u00a0<time class=\"timestamp article__timestamp flexbox__flex--1\">Updated March 30, 2020 \/ Original March 28, 2020<\/time><\/div>\n<div><\/div>\n<div><img loading=\"lazy\" class=\"alignnone size-full wp-image-1370\" src=\"http:\/\/bestltcadvice.com\/wp-content\/uploads\/2020\/04\/Covid-19.png\" alt=\"\" width=\"680\" height=\"381\" \/><\/div>\n<div><\/div>\n<div>\n<p>&nbsp;<\/p>\n<p>Americans who have life insurance will be covered should they die from Covid-19, the disease caused by the new coronavirus, but those who lack coverage or are underinsured should consider moving soon before coverage options dry up.<\/p>\n<p>If the pandemic worsens, industry experts say, life-insurance companies may institute stricter guidelines for underwriting. Insurers might also increase premiums in the future as many are suffering losses on their investments amid the sharp declines in financial markets.<\/p>\n<p>\u201cI have not seen a policy that has a carve-out or an exclusion for a pandemic,\u201d says Erin Ardleigh, founder and president of Dynama Insurance, an independent insurance brokerage firm based in New York City. Still, she says, now is a good time to beef up coverage.<\/p>\n<div class=\"paywall\">\n<p>Already, some insurance carriers have begun adding exclusionary riders on new policies to avoid paying out on coronavirus deaths, says Anthony Martin, founder and chief executive of life-insurance company Choice Mutual. \u201cAn exclusion rider\u2026could become an industry standard if the morbidity rate causes carriers to experience detrimental financial losses due to an unexpected and unsustainable claims rate,\u201d he says.<\/p>\n<p>Martin also says some carriers may stop issuing new policies if the pandemic worsens, especially for seniors with health issues, and they likely wouldn\u2019t resume issuing policies until a vaccine is available.<\/p>\n<\/div>\n<\/div>\n<p>Many insurance companies are asking applicants if they\u2019ve been tested or treated for the virus, and then once the policy is approved, they are asking applicants to sign a statement noting that nothing about their health status has changed during the application process.<\/p>\n<p>If a person buys a policy today and dies next month from coronavirus, his family will get the insurance money, so long as the applicant didn\u2019t misrepresent his health status at the time of application, Ardleigh says. Yet if the patient dies within two years of obtaining a policy and the insurance company can prove that he misrepresented his health status, the company won\u2019t have to pay up.<\/p>\n<p>People who have been hospitalized due to the coronavirus and have made a full recovery still may have difficulty obtaining coverage because the typical application asks whether the person had been hospitalized in the past year. But patients who weren\u2019t hospitalized and have recovered typically will have no issue getting coverage, Martin said.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong><em>Abbe S Pensack, CLTC<\/em><\/strong><br \/>\n<em>Abbe Pensack Insurance, LTD<\/em><br \/>\n<em>Long Term Care Insurance Specialist<\/em><br \/>\n<em><a href=\"https:\/\/rockachee1.od1.vtiger.com\/shorturl.php?id=5c1e85c647c573.20944562&amp;rid=C30286&amp;redirurl=http%3A%2F%2Fwww.abbepensackinsurance.com%2F&amp;type=click&amp;redirtxt=www.abbepensackinsurance.com&amp;rv=6d5ac7515f9420b9ac55fc7c86d28082\">www.abbepensackinsurance.com<\/a><\/em><br \/>\n<em><strong><a href=\"https:\/\/rockachee1.od1.vtiger.com\/shorturl.php?id=5c1e85c647c573.20944562&amp;rid=C30286&amp;redirurl=http%3A%2F%2Fwww.linkedin.com%2Fin%2Fabbepensack&amp;type=click&amp;redirtxt=www.linkedin.com%2Fin%2Fabbepens&amp;rv=bf040c884412ab3aa950c286de84667b\">www.linkedin.com\/in\/abbepens<\/a><\/strong><\/em><strong><br \/>\n<a href=\"https:\/\/rockachee1.od1.vtiger.com\/shorturl.php?id=5c1e85c647c573.20944562&amp;rid=C30286&amp;redirurl=https%3A%2F%2Fwww.genworth.com%2Fabout-us%2Findustry-expertise%2Fcost-of-care.html&amp;type=click&amp;redirtxt=Click+here+for+Cost-of-care+in+your+AREA%21&amp;rv=84625e5eb35bfb35345c0b347553f0b8\">Click here for Cost-of-care in your AREA!<\/a><\/strong><\/p>\n<p style=\"text-align: center;\"><em><u>It is a pleasure to\u00a0receive a referral from my friends and clients<\/u><\/em><br \/>\n<em><strong>Click to view my\u00a0 \u00a0<a href=\"https:\/\/rockachee1.od1.vtiger.com\/shorturl.php?id=5c1e85c647c573.20944562&amp;rid=C30286&amp;redirurl=https%3A%2F%2Fyoutu.be%2FZecGu2TqiZk&amp;type=click&amp;redirtxt=Video+Business+Card&amp;rv=740c9d10823650e45b4131f48a196b2b\">Video Business Card<\/a><\/strong><\/em><\/p>\n<p style=\"text-align: center;\"><em><em>970-846-0265\u00a0phone<\/em><\/em><br \/>\n<em><strong><a href=\"mailto:abbe.pensack@gmail.com\">abbe.pensack@gmail.com<\/a><\/strong><\/em><\/p>\n<p style=\"text-align: center;\"><em><strong>For Emails Containing Personal Information\u00a0<a href=\"https:\/\/rockachee1.od1.vtiger.com\/shorturl.php?id=5c1e85c647c573.20944562&amp;rid=C30286&amp;redirurl=https%3A%2F%2Fidentillect.com%2Fsendemail%3Fu%3DYXV0aDB8NTZmMDQxZjcyNDZlZGRlZjM1NjdlYTcz&amp;type=click&amp;redirtxt=Click+Here&amp;rv=6d7fc2af2fe9ce76b19b9afff24966a0\">Click Here<\/a>\u00a0<\/strong><\/em><\/p>\n<p style=\"text-align: center;\"><em>My mission is to help people when they are most vulnerable<\/em><br \/>\n<em>Protecting your assets, security, and dignity<\/em><br \/>\n<em>Help me visit with someone you care about or love<\/em><\/p>\n<p style=\"text-align: center;\"><img src=\"http:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/wp-content\/uploads\/sites\/24\/2015\/07\/AbbePensack-235x.jpg\" alt=\"\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; What I am finding is my clients are realizing that they or family members (kids, nieces, nephews&#8230;) are underinsured for insurance.\u00a0 With the current situation,\u00a0 we are hearing from the experts that it is going to become more expensive and harder to get coverage&#8230;. I would like to extend an offer to you or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/wp-json\/wp\/v2\/posts\/284"}],"collection":[{"href":"https:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/wp-json\/wp\/v2\/comments?post=284"}],"version-history":[{"count":4,"href":"https:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/wp-json\/wp\/v2\/posts\/284\/revisions"}],"predecessor-version":[{"id":291,"href":"https:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/wp-json\/wp\/v2\/posts\/284\/revisions\/291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/wp-json\/wp\/v2\/media\/287"}],"wp:attachment":[{"href":"https:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/wp-json\/wp\/v2\/media?parent=284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/wp-json\/wp\/v2\/categories?post=284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pvainsurancegroup.com\/agent\/abbe-pensack\/wp-json\/wp\/v2\/tags?post=284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}