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Life insurance is enjoying something of a renaissance as a result of the coronavirus pandemic.
Consumers, especially younger adults, have been buying insurance in elevated numbers since the spring, when thousands of Americans began getting ill and dying from Covid-19.
That result is logical, experts said, given the core use of life insurance: as a financial backstop in the event of death.
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For example, what if the breadwinner of a family dies unexpectedly from Covid-19? Insurance is meant to plug that immediate gap in household income.
“It’s forced the idea of financial protection and mortality to the top of mind for consumers in a way very few