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Life Insurance Sales Up During The Pandemic
The Coronavirus pandemic has introduced us to many surprises. Perhaps most shocking is the fact that the perceived need for a life insurance policy has gone up. As CNBC recently reported, the pandemic has made for a surge in “panic buying” of policies, even though sales had been on the decline for many years. Today, we’ll be taking a look at this recent trend, and trying to get to the bottom of what’s driving these latest consumer actions and what the current numbers are signalling for the future of life insurance policies across the country. A Life Insurance Rebound Despite life insurance ownership being down to fifty percent of the…