{"id":1982,"date":"2021-03-03T20:50:23","date_gmt":"2021-03-03T20:50:23","guid":{"rendered":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/?p=1982"},"modified":"2024-06-30T13:15:14","modified_gmt":"2024-06-30T17:15:14","slug":"americans-buying-more-insurance-during-the-pandemic","status":"publish","type":"post","link":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/americans-buying-more-insurance-during-the-pandemic\/","title":{"rendered":"Insurance Surges Amid Pandemic: Trends & Insights"},"content":{"rendered":"
Life Happens conducted a survey in June 2020. It found that:<\/p>\n
Realizing the heightened focus now on insurance, insurance companies are doing their part to help Americans gain the financial protection they need today and in the future. Many are instituting no medical exam policies in response to the broader use of virtual meetings and telehealth appointments, as well as the trend toward digitization. By eliminating the in-person medical exam requirement, more individuals are opting to purchase insurance now. Individual carriers have reported increases in insurance applications ranging from 15% to a high of 34%. Within certain demographics, new life insurance applications were particularly pronounced. For example, for consumers under 44 years of age group, there was a 13% increase in life insurance applications in the third quarter of 2020 over Q3 2019 figures. This compares with the 9% increase for those within the 45 to 59 years of age group.<\/p>\n
To make a sound life insurance purchase, carefully consider the following criteria:<\/p>\n
An experienced insurance professional can provide information and guidance to ensure that the right life insurance purchase is made. There is also a lot of good information on insurance company websites and the websites of industry associations such as the Insurance Information Institute (https:\/\/www.iii.org\/<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":" Sometimes it takes a major life event to recognize the importance of insurance. For many Americans, the Coronavirus pandemic has prompted them to view life insurance in a whole new light. Survey Spotlights Rising Focus on Life Insurance Life Happens conducted a survey in June 2020. It found that: New Applications Trending Up Realizing the… Read more »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/1982"}],"collection":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/comments?post=1982"}],"version-history":[{"count":8,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/1982\/revisions"}],"predecessor-version":[{"id":4055,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/1982\/revisions\/4055"}],"wp:attachment":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/media?parent=1982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/categories?post=1982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/tags?post=1982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}