How does COVID-19 affect life insurance?

Traditional life insurance policies do cover deaths caused by COVID-19. If you’re applying for life insurance, the cost of your premiums might be affected if you’ve had a severe COVID-19 infection, or if you’re experiencing long COVID symptoms.

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By

Katherine MurbachEditor & Licensed Life Insurance AgentKatherine Murbach is a life insurance and annuities editor, licensed life insurance agent, and former sales associate at Policygenius. Previously, she wrote about life and disability insurance for 1752 Financial, and advised over 1,500 clients on their life insurance policies as a sales associate.&Nupur GambhirSenior Editor & Licensed Life Insurance ExpertNupur Gambhir is a licensed life, health, and disability insurance expert and a former senior editor at Policygenius. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service Cake.

Edited by

Antonio Ruiz-CamachoAntonio Ruiz-CamachoAssociate Content DirectorAntonio helps lead our life insurance and disability insurance editorial team at Policygenius. Previously, he was a senior director of content at Bankrate and CreditCards.com, as well as a principal writer covering personal finance at CNET.

Updated|6 min read

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Life insurance offers financial protection for your family if you die unexpectedly, including death due to an illness caused by COVID-19. If you’re shopping for life insurance, a severe illness caused by a past coronavirus infection could impact the cost of your premiums, since your personal health history is a factor when life insurance companies determine your health classification.

And like other pre-existing conditions, a long COVID diagnosis could make life insurance more expensive, making it even more crucial to compare quotes from different companies, some of whom offer more affordable rates for certain health conditions like long COVID.   

Key takeaways

  • Traditional life insurance policies do cover deaths caused by COVID-19.

  • Having COVID won’t automatically disqualify you from getting life insurance. However, your application might be postponed for at least 14 days if you have recently recovered from the coronavirus or even longer if you were hospitalized with COVID.

  • If you’re over the age of 75 or 80 and have compounding health conditions in addition to COVID-19, you may benefit from comparing quotes at multiple life insurance companies, some of whom will offer more affordable rates than others.

Is it harder to apply for life insurance if you’ve been diagnosed with COVID-19?

If you contract the coronavirus and are experiencing severe symptoms, some companies might postpone your application for 14 to 30 days, until you’ve recovered. 

  • The main indicators of risk for people with the coronavirus are hospitalization or impairment in completing activities of daily living — much like indicators of risk for any other health concern.

  • If you were diagnosed with COVID and had to be admitted to a hospital or other facility for an extended period of time, the insurer may delay your application 90 days or more, or charge you more in premiums.

  • If, on the other hand, you recovered from COVID and have no ongoing symptoms, it’s unlikely to affect the rest of your application.

Age & health restrictions

Some of the main factors that will influence your application are your age and health — this goes for everyone, not just people who might have had COVID-19. A select few insurance companies have adjusted their maximum applicant age, which could make you ineligible for life insurance.

If you’re over the age of 75 or 80 and you have multiple health conditions — like diabetes or heart disease — you’ll likely have trouble qualifying for traditional life insurance whether or not you have COVID-19. 

If you have COVID-19 in addition to other chronic health conditions, and you’re assigned a table rated health classification six through eight — which are usually assigned to people with multiple high-risk health conditions — the insurer is going to be more likely to decline your application.

If, on the other hand, you’re above age 75, have had COVID-19 in the past but no longer have symptoms or complications, and have few health conditions, you’ll likely still have policy options.

You can make sure you get coverage by shopping around — working with an independent broker like Policygenius can help you find an insurer that will work with your specific background.

At Policygenius, our experts are licensed in all 50 states and can walk you through the entire life insurance buying process while offering transparent, unbiased advice.

Can you get life insurance if you had severe COVID-19?

If you were diagnosed with COVID-19 within the last three to six months and you required emergency hospitalization or intervention, your application and your premiums might be affected.

When you have a recent hospitalization on record — whether that’s from COVID-19, depression, asthma, heart disease, or other conditions — it presents more risk to the insurance company, so they’ll likely raise your premiums. 

If you’re not sure if your COVID-19 was diagnosed as severe or if your hospital visit will impact your rates, a Policygenius expert can help you shop around based on your personalized health details.

Can you get life insurance if you have long COVID?

Long COVID can refer to a variety of chronic health problems associated with COVID-19. It can include a wide range of symptoms, including a prolonged cough, difficulty breathing, problems focusing, depression, and general fatigue, among others. [1]

Since there’s such a range of experiences when it comes to long COVID, and there isn’t much long-term reliable data on its effects currently available, insurance companies typically review applications from people with long COVID on a case-by-case basis.

Ultimately, your rates and your policy options will depend on your symptoms and overall health profile.

If you have trouble breathing without assistance or completing activities of daily living — such as walking, eating, or bathing — as a result of long COVID, your options may be limited to types of simplified issue or final expense life insurance.

These types of policies typically have lower coverage amounts and fewer medical qualifications for approval. Final expense life insurance policies provide a small amount of permanent coverage that’s typically used for end-of-life expenses, like a funeral or outstanding medical bills.

Much like how insurers view other health conditions, if you’re recovering from long COVID and have diagnostic test results in your medical records that indicate improvement, the insurance company may be more flexible with your rates. 

For example, “‘Brain fog’ or severe fatigue could result in a decline, but an MRI or similar test with normal results could help you in the underwriting process,” says Nick Kafaf, licensed life insurance agent and senior sales associate at Policygenius. “[Your rates] are going to depend on symptoms and medications prescribed, along with any test results.”

Ready to shop for life insurance?

Does COVID-19 affect active life insurance policies?

Any COVID-19 restrictions on applicants don’t apply to people who already have an active policy. 

For example, if you die from a pandemic-related disease or travel abroad, life insurance companies can’t deny your family the death benefit

While some life insurance policies have exclusions for specific causes of death — if, for example, you were to die while doing a high-risk activity or due to an act of war — there’s no pandemic exclusion for life insurance.

COVID-19 and life insurance premiums

If your policy is already in place and you contract the coronavirus, there won’t be any impact on your premiums.

Similar to any other medical diagnosis, the severity of an illness can impact your life insurance costs when you’re applying for a policy. While simply getting a virus, such as the seasonal flu, won’t cause a price hike in your life insurance premiums, some of the long-term side effects of getting ill can.

If you were to contract the coronavirus and it caused long-term health problems before you applied for life insurance, you might end up receiving a lower health classification and a costlier life insurance policy.

For the most part, however, if you get ill, make a full recovery, and later apply for life insurance, you can expect that the price difference in life insurance premiums to be minimal.

Can you get life insurance if you don’t have the COVID-19 vaccine?

Yes, you can get life insurance if you don’t have the COVID-19 vaccine. Most life insurance coverage only becomes active after a thorough evaluation of your medical history — this includes a record of any pre-existing conditions, surgeries you’ve had, and even any prescriptions you take. But one factor that insurers won’t consider is whether or not you are vaccinated against any illness. Whether that be for measles, hepatitis, or the flu, your vaccination status has no impact on your life insurance application or your active policy. 

While insurers will want an in-depth understanding of your health, they’ll never ask about your vaccination status during the life insurance application process — outside of questions related to the COVID-19 vaccine. 

Whether or not you have your basic vaccines won’t impact your eligibility for coverage or how much you pay for your policy. However, a few companies may ask about your vaccination status if you’ve recently had COVID-19 and are considered a risky candidate.

Does life insurance cover pandemics?

If you already have life insurance in place, you’re covered. In the rare event you were to die from a pandemic-related illness, your policy would pay out.

However, because your health and medical history determine your life insurance premiums, a global health crisis like the coronavirus could impact the application process if you don’t have a policy yet.

Most people can still buy affordable coverage after the coronavirus pandemic. But people who have recently recovered, have lingering long-haul COVID-19 side effects, or have certain pre-existing conditions may run into some application delays or restrictions.

Learn more about the types of death covered by life insurance

Other health concerns that can affect your life insurance

Certain pre-existing conditions and other health-related concerns can affect your life insurance options or costs. A Policygenius expert can help you find the right policy for your needs.

References

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Policygenius uses external sources, including government data, industry studies, and reputable news organizations to supplement proprietary marketplace data and internal expertise. Learn more about how we use and vet external sources as part of oureditorial standards.

  1. Centers for Disease Control and Prevention

    . "

    Long COVID or Post-COVID Conditions

    ." Accessed February 22, 2024.

Authors

Katherine Murbach is a life insurance and annuities editor, licensed life insurance agent, and former sales associate at Policygenius. Previously, she wrote about life and disability insurance for 1752 Financial, and advised over 1,500 clients on their life insurance policies as a sales associate.

Nupur Gambhir is a licensed life, health, and disability insurance expert and a former senior editor at Policygenius. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service Cake.

Editor

Antonio helps lead our life insurance and disability insurance editorial team at Policygenius. Previously, he was a senior director of content at Bankrate and CreditCards.com, as well as a principal writer covering personal finance at CNET.

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