Money | Martha C White
It’s a scary time right now. We’re working from home, watching the news and washing our hands obsessively, and hoarding paper goods. If these unprecedented times have you thinking, “Should I buy life insurance?” rest assured — you’re not alone. 
“Typically, life insurance sales spike after any kind of a catastrophe,” says Steve Parrish, co-director of the Retirement Income Center at The American College of Financial Services in King of Prussia, Penn.
It’s too early to say how the coronavirus has affected life insurance sales, according to a spokeswoman for LIMRA, a membership organization for life insurers. The organization surveyed members this month and found that a quarter of life insurance companies saw an uptick in online applications in the month of March, she notes, but that’s not a definitive look.
The Importance of Acting Fast
While it might come as a surprise, you can absolutely buy life insurance right now (as opposed to, say, hand sanitizer), even while we’re in the midst of a global public health crisis. Don’t delay, though— the situation is changing rapidly and carriers’ underwriting guidelines are subject to change.
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