COVID-19 Assistance
Together, We Will Persevere¶
In this unsettling time, we hope that all of your families and friends are healthy and safe. Now more than ever, it is important that we make every effort to stay in touch, and ask for help when needed.
We know that many of you are struggling at this time. The challenges are many and far-reaching. We want to assure you that we are here to help you.
How is My Insurer Helping? COVID-19 Premium AssistanceCOVID-19 Assistance by Insurers¶
Some of you have asked us what insurance companies are doing to help their customers during the pandemic. While the situation remains fluid, insurers have begun rolling out various measures intended to help support their customers who may be suffering financially at this time.
We invite you to click on your insurer logo below to access information regarding what your insurer has rolled out to assist.
Our Insurance Providers¶
How Insurers Are Helping¶
Here is an overview of how many insurers are doing their best to help.
Personal Insurance Considerations¶
Some insurers are offering:
- Immediate financial relief in the form of one-time discounts.
- Payment deferrals and waiving of NSF fees for dishonored payments.
- Auto insurance rating amendments to reflect reduced vehicle usage.
- Commercial Insurance Considerations
Commercial Insurance Considerations¶
Insurers are frequently extending these forms of support:
- Payment deferrals and waiving of NSF fees for dishonored payments.
- Auto insurance rating amendments to reflect reduced vehicle usage.
- Flexibility regarding the temporary vacancy of business premises and/or amending operations mid-term as clients pivot to new revenue models.
- Most insurers are offering to amend revenue forecasts and to reduce coverage where appropriate, and will not cancel or non-renew during the declaration of emergency.
Financial Product Considerations¶
Options often include:
- Lowered underwriting requirements to obtain life insurance coverage. Our application process can be done online, or over the phone. No in-person visit required!
- Both life insurance companies and group benefits carriers are offering payment deferrals and financial assistance.