Panicking in the face of a pandemic (or any dramatic event) is a terrible way to manage a stock portfolio, and it doesn’t work well with your clients’ life insurance coverage either.
The most important thing to remember when it comes to life insurance coverage is that a claim will be paid even if the cause of death is the reason for the pandemic—in this case, COVID-19. To the best of our knowledge, there are no insurance carriers that exclude coverage due to pandemics.
With that said, however, if your clients have been worrying about their coverage, you can review with them certain issues now (and periodically). Points you can help them evaluate might include whether the coverage is adequate (or too much) or whether they might have issues paying premiums, etc.
This article originally appeared at wealthmanagement.com/insurance/