Does Your Life Insurance Cover Covid 19 | Barrons
Barrons | Nick Fortuna Staff
Americans who have life insurance will be covered should they die from Covid-19, the disease caused by the new coronavirus, but those who lack coverage or are underinsured should consider moving soon before coverage options dry up.
If the pandemic worsens, industry experts say, life-insurance companies may institute stricter guidelines for underwriting. Insurers might also increase premiums in the future as many are suffering losses on their investments amid the sharp declines in financial markets. 
“I have not seen a policy that has a carve-out or an exclusion for a pandemic,” says Erin Ardleigh, founder and president of Dynama Insurance, an independent insurance brokerage firm based in New York City. Still, she says, now is a good time to beef up coverage.
Already, some insurance carriers have begun adding exclusionary riders on new policies to avoid paying out on coronavirus deaths, says Anthony Martin, founder and chief executive of life-insurance company Choice Mutual. “An exclusion rider…could become an industry standard if the morbidity rate causes carriers to experience detrimental financial losses due to an unexpected and unsustainable claims rate,” he says.
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