How has Covid-19 affected Insurance Purchasing?

The following effects have been felt:

Many carriers (insurance companies) are not accepting paper applications. These companies are accepting electronic applications.

Managing General Agencies have closed their office space to non employees. Curbside drop-offs is still possible (so we can still submit paper documentation if absolutely required).

Paramedical companies have limited or suspended their in person appointments. This means that any applications that require a nurse visit (vitals, fluids) are on hold. However, they are still doing the tele-interviews for policies not requiring the in person.

Agents have to adapt their practices. While we can still do in person applications, the social distancing rules strongly recommend doing the applications non face to face.

The good news is you can still purchase insurance. You may have reduced policy amounts available for immediate placement due to the paramedical change in the short term, but you can always top up your policies once things return to normal. As well, permanent policies still have the Temporary insurance available.