The Importance of Life Insurance in Returning to Work Amidst the Ongoing Pandemic

The coronavirus pandemic has had us grappling with the ‘new normal’, turning our lives not only upside down but also inside out. Ever since the beginning of the pandemic, people have turned their homes into makeshift offices as many companies moved to remote work in response to the lockdown measures among affected areas. 

Come September, several leaders from around the world have actively encouraged non-essential workers to return to the usual workplace with companies having their offices redesigned to follow social distancing and give their workers the confidence to go back. Eventually, more and more employees will be asked to return to their OG office tables.   

But, with coronavirus still a major concern, one of the many questions unanswered is: “How do you keep your family safe (physically and financially) when something bad happens to you in the workplace?”.

That’s where life insurance can help! Getting insured has always been a recommended instrument in securing financial protection for your loved ones in case you’re no longer around to make money and suffice their needs. 

With more than one million people died to COVID-19, we see no reasons to feel safe and at ease. These unprecedented times have definitely awakened the employees’ need for life insurance. None of us including your boss can really predict what’s going to happen in the future, especially when you’ll find yourself in a situation where you will need a life insurance plan to secure your family’s finances. 

If this pandemic is making you worry about the future, then maybe it’s time to consider a financial plan that can protect you and your family amidst the ongoing pandemic. Here’s why life insurance is worthy of consideration if you are planning to go back to the office work in the height of coronavirus era. 

It protects your finances from unexpected expenses.

Your office is one of the places where you’re most likely to catch coronavirus. Let’s admit it, the moment you set yourself in the wide-open full of random people, your chance of being infected becomes higher. As we know, COVID-19 has not only become a public health crisis but also a major shatter on our finances. 

Imagine when all of a sudden you had to deal with a medical emergency, or worse, your untimely passing due to coronavirus disease. Where would you or your family get the funds to pay for these emergency expenses? Getting life insurance is now making sense. With your coverage, you can protect both your income and savings a way that your life insurance plan acts as a replacement for your finances to pay off unforeseen expenses.

It gives you confidence and peace of mind. 

Knowing that your family needs not to worry about anything when you die can easily put you at ease. Let your life insurance plan take care of all the expenses that you could have left to your loved ones including medical debt, funeral costs, and other outlays. For now, you can just focus on the things that matter now and rest assured that you’re not leaving your family with a financial burden when you’re no longer around.    

It supports your long-term goals. 

If you have kids, you must know that part of your responsibility is to ensure that they have enough coverage as they grow older. With life insurance annuity, you can have an assurance that your retirement savings will last you for life. Plus, if you are purchasing a universal life insurance plan that comes with cash value that is technically invested in stocks, bonds, or mutual funds, you can potentially earn higher returns — helping you reach your financial goals in a shorter period of time.