Be quick to avoid Covid payout restrictions
Global life insurers are reportedly considering imposing restrictions on payouts arising from Covid, including associated long-term health conditions. If you’re looking to purchase life assurance, critical illness, or income protection covers, do not leave it too long to purchase in case insurers start to restrict payouts as a result of Covid for new policies.
Among the long-term conditions resulting from Covid-19 are severe respiratory problems, organ damage, circulatory impairment, and chronic fatigue.
Some major insurers have already imposed waiting periods before applying for new cover – whether you’re a recovered Covid-19 patient or have tested positive despite no symptom. Some firms are also limiting quotes/coverage based on age group.
If you’re thinking of buying cover, time is of the essence, get in touch via the following button: