Will Life Insurance Cover Covid?

The world is managing the crisis caused by Covid-19 and its variants

Life Insurance enquiries increase because of Covid-19 in the UK.

With questions both from new customers keen to take out a policy. Also existing customers checking they are covered, should they need to be exposed to Covid-19. 

Our staff are fielding a significant increase in calls due to ongoing fears and media coverage surrounding the outbreak. Some of these calls have been to take out a new Life Insurance policy, we have also seen an increase in customer calls from those who already have a policy in place but are concerned about Coronavirus.

Will my Life Insurance pay out if I get covid-19 and pass away?

In most circumstances your Life Insurance policy will pay out if you unfortunately contract coronavirus and pass away. Assuming you took out the cover before contracting the virus.

This means that if you have a policy in force and you contract the virus and subsequently pass away. You should be covered by the policy. Most insurers prepare for the losses a pandemic might bring with reinsurance. This shouldn’t impact your policy in any way.

There are currently no be exclusions for pandemics as standard in most Life Insurance policies and we’re not aware (as of June 2021) of any insurer looking to exclude coronavirus from their coverage.

Is Covid-19 Covered by a New Life Insurance application?

If you take out a new Life Insurance policy from today. Then it’s common to be asked questions about travel and previous medical treatment when you take out a policy.

If you attempt to take out a new Life Insurance policy and there’s been recent travel to high risk countries. Or you’re quarantined due being in contact with someone who has tested positive for the virus. There’s likely going to be a postponement of the underwriting decision. Until the insurer has more information or any tests required have come back all-clear.

Other than recent travel to high risk regions and countries or being under suspicion of having the virus. There shouldn’t be much preventing you from taking out Life Insurance. It will provide coverage for almost all causes of death, including coronavirus.

This surge in enquiries is understandable as every newspaper and news programme is talking about the Coronavirus over the last 12 months. At Life Insurance Cover we discuss all of the potential questions that you may have. To help offer the reassurance you may need.

If you have any worries or concerns about your current Life Insurance needs, please complete our enquiry form and we will happily discuss the many options available to you.