If you are still concerned about if COVID-19 could affect your life insurance death benefit, consider a life settlement.
PARSIPPANY, N.J. (PRWEB) November 04, 2021
COVID-19 and Life Insurance Policies
MRE Finance is providing resources and knowledge to seniors about the implications of the COVID-19 pandemic on life insurance policies.
There has been a surge of interest in obtaining life insurance since the beginning of the pandemic. Life insurance has become more important than ever and changes implemented by insurance companies will most affect those looking for coverage. Here are some key takeaways. For current policyholders, the death benefit will be paid for COVID related deaths provided the policy premiums were paid and the policy is in good standing. However, there are some exceptions. For example, a life insurance company could legally deny coverage if you were to submit an incomplete or inaccurate application.
Despite this, no individual should be discriminated against for having contracted COVID-19. A life insurance company cannot reject applications or deny coverage solely because the applicant or policyholder has had COVID-19. For those seeking insurance coverage, it could take 60 days to 6 months after recovery before your application is considered.
MRE Finance has released its latest blog called “COVID-19-and-life-insurance” on the MRE website. The blog section covers educational topics such as senior living, life settlements, health and lifestyle.
If you are still concerned about if COVID-19 could affect your life insurance death benefit, consider a life settlement. By choosing to pursue a life settlement, you could receive a one-time cash payout for your life insurance policy. No matter what happens with COVID-19 you are covered and can choose how to use the funds; pay off debt, medical bills, long term care, memory care or whatever you choose. Selling a life insurance policy could be the help many need to find financial freedom. Give MRE a call or visit their website for more information.
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About MRE Finance LLC
MRE Finance brings over 25 years of experience in the life and viatical settlement industry. Our mission is to educate and provide information to help seniors and those chronically ill to live life with dignity and greater financial stability by assisting them to sell their life insurance policy with ease. MRE Finance believes in being transparent with its clients and, above all respecting their privacy.
Press Release by SFL.Media