Life Insurance Panic Shopping
The panic shopping for coronavirus planning doesn’t end with food, water and toilet paper. Some consumers are also panic shopping for life insurance.
In the face of widespread fears about infections and quarantines, many Americans are getting their financial houses in order.
Fabric, which offers instant online life insurance and other financial help, says it has seen a 50% increase in life insurance applications since mid-February.
The company has also seen a similar increase in the online wills it offers.
People “are thinking of ways to protect their families,” says Adam Erlebacher, CEO and co-founder of Fabric.
LifeQuotes, a national online life insurance agency, reports a 29% increase in applications requested since Jan. 20, 2020 – a date commonly used as the day the coronavirus became widely known.
Rest of Article Found on Forbes
Note from our President:
During this time, we are receiving more questions and concerns regarding Life Insurance. While we have always encouraged the importance of owning your own policy, unfortunately times like these show us anything can happen, and we have more of a push to protect ourselves and loved ones. As we encourage you not to panic, we do have our financial services rep in the office from 8a-2pm Monday-Friday.