Contrary to recent trends, getting life insurance coverage as a COVID-19 survivor could pose some difficulties, given the unpredictability that surrounds the virus. Sources state that there might be some instances where coverage would be denied to virus survivors.

According to the life insurance experts, the unpredictability of the virus could force insurance companies to include long questionnaires and medical examinations during their information-gathering steps to get a better idea of the long-term effects of the virus.

Moreover, while these changes are predictable, it could take some time to include these notions into the policies. Partner at the law firm of Foley and Lardner LLP, Morgan Tilleman, said that the changes would not be added to the policies until the companies can gather more information. Tilleman also stated that life insurance underwriting is a slow process as the companies have to adhere to the vast wealth of information available.

Despite the fact that companies are still in the process of analyzing the data, it is pretty evident that a person still suffering from the lingering effects of COVID-19 could face difficulties while getting the coverage needed. So, if you are a COVID-19 survivor who is considering getting life insurance, it is recommended to act sooner than later.

In the coming years, Tilleman said he predicts that several companies will include long COVID-19 questionnaires for life insurance applicants. Other life insurance experts have also stated that applicants might need to appear for medical examinations to qualify for the coverage.

An insurance analyst at CFRA Research, Cathy Seifert, also stated that COVID-19 survivors who are young and healthy wouldn't face many difficulties while getting life insurance. However, when it comes to older people who are still recovering from the prolonged effects of the virus, things could change materially. They might be required to pay higher premiums to qualify for the policy.

While shopping for life insurance policies as a COVID-19 survivor, it is recommended to act quickly. It is safe to say that survivors must apply for the coverage before the companies adopt specific measures that could make it difficult for them to qualify for the policy in the future.