Can I get life insurance if I've had Covid-19?
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Can I Get Life Insurance If I’ve Had Covid-19?

Can I Get Life Insurance If I’ve Had Covid-19?

Covid-19 Mask Wearer

With thousands of deaths from Covid-19, and the pandemic having impacted on our lives in a number of ways, it’s no surprise that many people are considering ways in which they can protect their families.

For those people who already had a life insurance policy in place before anybody had even heard of Covid-19, then it’s very likely that you’d be covered.  

There are actually very few exclusions, barring pre-existing conditions, on life insurance. If you were to die within the term of your policy, no matter how, a payout is likely to be made. 

Is it possible to take out a life insurance policy following the Covid-19 pandemic? 

For those who don’t have life insurance, should they take out a new policy?

In theory, you should still be able to take out a policy that will pay out in the event of a death from coronavirus. It just gets a little trickier if you currently have symptoms of the virus. Some people may also face ongoing complications from having had the virus previously.

When you apply for life cover, the insurer will ask you a number of questions to establish your level of risk. These will be based around your age, weight and health etc.

Following the coronavirus pandemic they have introduced some new questions.

Some examples of these are below.

Have you tested positive for Coronavirus?

Have you been in contact with someone who has tested positive or has suspected coronavirus?

Are you currently displaying coronavirus symptoms? 

If you are currently displaying symptoms, then you may still apply for life insurance. However your provider may advise you to delay the application or they may introduce a waiting period. This is until you can be sure that you are symptom-free. 

For the majority of people with Covid-19, they should be fully symptom-free within a month or so of having the virus. However there can be exceptions. 

Some people may suffer ongoing symptoms or have complications that arise from the virus. If this is the case then the insurer may underwrite your life insurance policy based on these symptoms.  

This could mean that certain illnesses, such as respiratory problems, are excluded for the duration of your policy.

Details of potential ongoing complications are still quite vague. Because of this it’s difficult to give specific guidance.  It is likely that insurers will manage this on a case by case basis. 

Submit an honest application

One of the most important things when taking out a life insurance policy is to be truthful. Make sure you are honest about your age, weight, smoking status and any current health conditions. 

Some providers may ask you to undergo a medical assessment, however many will underwrite a policy based solely on your application.  With this being the case, it can be tempting to offer up a few little white lies in order to gain a cheaper premium.  This will not do you any favours in the long-term.

If a claim is made in the future and it is discovered that you have given false information or that you didn’t disclose certain health conditions, your policy may be invalidated completely.  Life insurance is in place to protect your loved ones in the event of your death, so to ensure that their claim is successful you will need to give true and accurate information. 

It is natural to worry about Covid-19 and how it will impact upon us in the future.  

To find out how life insurance could help to protect you and your family, then please speak to one of So Smart Protect’s insurance specialists who can help you to find the right policy at the best price. 

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