Is It Possible To Recover From COVID-19 And Become UNINSURABLE?

The short answer is YES!

The long-term health impact of testing positive for Coronavirus is still unknown. Is it possible that this virus can create future health issues and shorten the lifespan of survivors? Quite possible.

A recent study performed at University Hospital in Frankfurt, Germany showed that 78% of people who had recovered from COVID-19 (including many who never had been hospitalized) still had some kind of heart abnormality that was detectable on MRI scans two months later.

“COVID-19 symptoms can sometimes persist for months,” according to Mayo Clinic. “The virus can damage lungs, heart and brain, which increases the risk of long-term health problems. Much is still unknown about COVID-19 and how it will affect people over time.”

Do you take your insurability for granted? 

​If you do, that can make a short-term life insurance policy potentially dangerous. Suppose you own a 10-year level term now and have owned it for 5 years. This means you will need to start shopping for a new life insurance policy in the next 5 years. But what if your health has changed? Now what?

I have witnessed many people who needed life insurance but could not afford the coverage due to adverse health ratings. Why lock in your insurability for 10 years when you can potentially lock it in for up to 40 years? Life insurance is not the place you want to be “penny wise and pound foolish.”

Ask yourself these critical questions:

• How do I know if my future pre-existing condition started now?
• How do I know if I will be insurable in the future?
• How do I know if and when I develop a chronic illness?
• How do I know if and when I develop a future heart disease or cancer?

Due to the pandemic, many people are going through stress and loss. This crisis is creating depression, alcoholism, smoking and drug addiction.  As a result, many people will find it difficult or impossible to qualify for current and future insurance coverage.

You may not know how close you are to a rate change or to a denial when it comes to purchasing life, disability and long-term care insurance. NOW is the time to know your options and how to take advantage of them.

To learn more about your options and to get a quote, go to LifeInsureAssure.com or call me directly at 954-558-3673 for a complimentary consultation.

First published in SFHN&HR

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