There aren’t a lot of ways the COVID-19 pandemic has made our lives more convenient. One small one: The way we shop for life insurance.
Faced with increasing demand, insurance companies have labored to make buying life insurance quicker and easier. Many of these improvements, such as a more virtual approval process, which are likely to last into 2021 and beyond, have been made without necessarily raising the premiums for life insurance coverage — at least yet.
Not that the news is all good for life-insurance shoppers. The coronavirus has complicated getting a policy, at least for certain types of customer. Some insurers have imposed tighter underwriting guidelines on applicants with pre-existing health conditions, on seniors, and on those who have recently traveled outside the U.S.
 
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