Online life insurance agencies saw surges of new term life insurance policy applications in early March 2020, and applications don't show signs of slowing down.
Similarly, fellow online life insurance agency Fabric Life Insurance has reported 50% more applications than usual since February.
Term life insurance, or insurance that covers a person for a predetermined period of time which can range from two to 30 years, is the most common and affordable.
Term life policies can cost as little as $20 a month — much more affordable than the alternative whole life policies, which last a lifetime and are usually only recommended in specific cases.
After that, your life insurance won't change, no matter where you work, what happens in your life, or what happens in the world.
Persons:
—, Mark Sayre, We've, they've, Nicholas Mancuso, We're, haven't, Allison Kade, " Mancuso, It's, coronavirus, it's, you'll, Kade
Organizations:
Service, Haven Life, Life, Haven