The current COVID-19 pandemic has created a noticeable spike in life insurance sales across the country. Truth is, this isn’t a new phenomenon. Life insurance policies tend to spike whenever there’s a major disaster. It happened after 9/11. It happened after Katrina. And predictably, it’s happening again.

COVID-19 isn’t the only reason to have life insurance. Here’s why:

Problem

Every year, an estimated 800,000 people die of strokes and heart attacks. Tack on another 600,000 deaths due to cancer. At about 100,000 fatalities so far, the current COVID-19 death toll pales somewhat in comparison.

While that number is still rising, it will peak and then diminish. Those other causes will still be with us. And there’s still going to be all those beneficiaries needing to remain safe. The cause of someone’s demise doesn’t change a beneficiary’s urgent need for security.

Solution

The pandemic is creating this real sense of urgency, which means more loved ones are better off overall. Every new policy put into place is one more beneficiary that’s safer than he or she was before.

Believe it or not, what may have been just-right back then could very well be less than perfect for you now. Things change. Life changes. And policies don’t always keep up with those changes. That’s why everyone should regularly get a life insurance policy review. If you’re on the fence, here are three reasons you’ll benefit from a policy review.

Outcome

Just as you would take care of the battery in your car, regularly maintaining your client’s policy leads to peace of mind.

After taking the proper precautions to ensure its health, a policy has the ability to function better than ever – regardless of whether or not there’s a catastrophe going on. At the end of the day, that means happy beneficiaries, and a policyholder that’s able to check one more worry off their list.

The insurance world can be difficult to navigate. Without a clear understanding of their current plan, it’s difficult to be certain that your clients have the right coverage. If you’d like to take a closer look, you’ve come to the right place. We can answer your life insurance questions and provide the clarity you need to sleep easy. To learn more about our services, visit our site or join our newsletter today. To contact us, click here.