Pandemic Archives - Zxcoachoutlet

Americans are ‘panic buying’ life insurance due to coronavirus pandemic

October 14, 2020

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Many firms have noted double-digit increases in the number of life insurance policies they’ve sold during the Covid-19 pandemic relative to last year.
The increase is largely due to a fear of death and greater awareness of financial risks associated with mortality, experts said.
Insurance sales have been dwindling for years. In 2020, just over half of American adults reported having a life insurance policy, down from 63% a decade earlier.

Life insurance is enjoying something of a renaissance as a result of the coronavirus pandemic.

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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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Life insurance sales increase due to coronavirus pandemic

October 14, 2020

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shapecharge | E+ | Getty Images

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

Will individuals see the savings from insurance pandemic relief? Not quite

October 14, 2020

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Health insurance companies are offering their corporate customers rebates to offset premium costs and reflect lower medical spending as patients avoid doctors’ offices, routine procedures and elective surgeries during the coronavirus pandemic.

a person sitting at a desk: ACA Health Experts call center expert, Cynthia Hernandez helps Tiffany Wright get health insurance at the Ahmed and Roshan Virani Children's Clinic, Monday,Nov. 14, 2016 in Houston. It’s likely that 2021 health insurance premiums will remain around the same prices as 2020, experts said.

© Karen Warren, Staff Photographer / Houston Chronicle

ACA Health Experts call center expert, Cynthia Hernandez helps Tiffany Wright get health insurance at the Ahmed and Roshan Virani Children’s Clinic, Monday,Nov. 14, 2016 in Houston. It’s likely that 2021 health insurance premiums will remain around the same prices as 2020, experts said.

It’s unclear how big an impact the rebates, in the form of credits, might have on the premiums companies pay and contributions their employees make. Premiums vary from company to company and, depending on the circumstances, the rebates could lower premiums, keep them from rising or at least limit increases.

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Companies, meanwhile, will decide whether to adjust employee contributions to health insurance premiums based

Life Insurance Customer Satisfaction Flatlines Despite Pandemic Fears, J.D. Power Finds

October 13, 2020

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State Farm Ranks Highest in Individual Life Insurance; Nationwide, New York Life Tie for Highest in Annuity

Even as deaths associated with COVID-19 eclipse 200,000 in the United States, consumers don’t seem motivated to buy life insurance and life insurance customers are largely apathetic toward their insurer despite some standout performances. According to the J.D. Power 2020 U.S. Life Insurance Study,^SM released today, a combination of infrequent client communications and a pervasive perception of high cost and transaction complexity have suppressed consumer interest and customer satisfaction with life insurance providers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005142/en/

J.D. Power 2020 U.S. Life Insurance Study (Graphic: Business Wire)

“The life insurance industry has a significant perception problem because, in the throes of a pandemic, consumers naturally should be more engaged with their insurer—but they aren’t,” said Robert M. Lajdziak, senior consultant of insurance intelligence at J.D.

Underground insulin exchanges emerge as workers lose jobs amid pandemic, insurance co-pays fall short

October 12, 2020

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DENVER — D.j. Mattern had her Type 1 diabetes under control until COVID-19’s economic upheaval cost her husband his hotel maintenance job and their health coverage. The 42-year-old Denver woman suddenly faced insulin’s exorbitant list price — anywhere from $125 to $450 per vial — just as their household income shrank.

She scrounged extra insulin from friends, and her doctor gave her a couple of samples. But, as she rationed her supplies, her blood sugar rose so high that her glucose monitor couldn’t even register a number. In June, she was hospitalized.

“My blood was too acidic. My system was shutting down. My digestive tract was paralyzed,” Mattern said, after three weeks in the hospital. “I was almost near death.”

So she turned to a growing underground network of people with diabetes who share extra insulin when they have it, free of charge. It wasn’t supposed to be this way,

how the pandemic transfer window unfolded

October 11, 2020

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It was the end of April and Juventus’s sporting director, Fabio Paratici, was talking about the upcoming transfer window for the first time: “We will have to be creative, imaginative.” He was absolutely right. More ideas, less money.

Five months have passed since then and we have just been through an extremely long and intense transfer window. It was unique because the circumstances had changed. There were some great ideas, although not all of them came through. It was a stop-start window, at times coming to a complete standstill, at others exhilarating. Above all, it was a window in line with the summer of a pandemic – it changed the world and therefore the transfer market.

Many clubs’ resources were limited by La Liga’s strict economic control and salary caps applied to every club, all of which found their income heavily hit by the coronavirus crisis. Barcelona, who on the

How the pandemic positively affected the housing real estate market

October 10, 2020

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Residential sales will experience a massive lift during the pandemic, according to Charles Nathanson, an associate professor of finance at the Kellogg School of Management.
More homeowners are looking to use their savings from limited vacation and entertainment spending for larger homes and spaces, especially as working remotely continues.
However, Nathanson predicts that commercial and rental real estate will be unstable, due to an uptick in moves, evictions, and unemployment.
Visit Business Insider’s homepage for more stories.

The COVID crisis has thoroughly upended how people live, work, and shop. And this, in turn, has upended real estate markets.

Whether it’s tech workers abandoning dense urban cores for more space in the countryside, restaurateurs converting from dine-in to takeout, or companies suddenly going virtual while locked into an office lease, it’s clear that the ways we are using space — and the amount we’re willing to pay for it — are

While most car insurance refunds for the pandemic have ended, some insurers are offering discounts as motorists drive less | Business News

October 9, 2020

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For instance, Henrico County-based Elephant Insurance announced in August that it would offer a discounted rate to customers working from home. The company said policyholders and spouses working from home and driving less would be eligible to receive the new discount, depending on the number of days driven to work and the customer’s occupation.

“Some part of the work force will be working from home for a while, and as long as they work from home they deserve this consideration,” said Alberto Schiavon, Elephant’s CEO.

State Farm, the nation’s largest auto insurer, started reducing auto rates in every state in May because of changes in driving behavior.

The company said the national average for those rate reductions is 11%, saving customers a total of about $2.2 billion. Rate changes depend on a customer’s individual renewals.

State Farm said its rate reduction went in to effect on July 27 for new

U.S. corporate earnings reports will shine a light on the uneven playing field in the year of the pandemic

October 9, 2020

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EARNINGS OUTLOOK

a group of people on a sidewalk: Earnings season is expected to show the ‘haves’ versus the ‘have-nots’ created by the pandemic

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Earnings season is expected to show the ‘haves’ versus the ‘have-nots’ created by the pandemic

The U.S. third-quarter corporate earnings reporting season will kick off next week and the numbers will reflect a second quarter dominated by the coronavirus pandemic that has created an uneven playing field in which some companies thrive, while others shrink and fade.

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While stock indexes have set records and big technology and online retailers have outperformed, many other industries and individual companies are grappling with deteriorating sales and earnings as economic growth has slumped across the globe.

“A lot of company risk is not being captured by equity indices,” said James Gellert, chief executive of Rapid Ratings, a data and analytics company that assesses the financial health of private and public companies. “The equity market is showing a lot of optimism, but below the surface, there’s an ocean

Venmo Launches A Credit Card; Pandemic Has Changed Our Card Habits

October 9, 2020

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Venmo Launches Its First Credit Card, Offering Up To 3% Cash Back, Personalized Rewards

The Venmo Credit Card is rolling out to select customers. The Visa card offers 3% cash back on eligible purchases, personalized rewards and tools to track and manage finances. What makes the card potentially appealing to Venmo’s younger user base is how the card is directly integrated into the Venmo mobile app. Users can earn rewards from eight spending categories. Users will earn 3% back on their top spending category, 2% from the second highest category, then 1% on all others. [Tech Crunch]

Venmo is trying to capture young adults with the company's first-ever credit card — Venmo is trying to capture young adults with the company’s first-ever credit card

© 2018 Bloomberg Finance LP

How the Pandemic Is Changing Americans’ Credit Card Habits

Over half of those surveyed in September said that they’ve put money towards a debt as a direct result of the pandemic, or plan to in