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Life Insurance After Surviving COVID-19
Published in late April 2020
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One of our Legato clients survived COVID-19 this winter, including ventilation in a Vancouver hospital, and has returned home to begin his path to recovery. To all of his doctors, nurses, and essential care workers, thank you so much for your dedication and devotion. You are truly appreciated.

When he called this week to tell us his story, this married father of three young children also asked about increasing his life insurance coverage. Before creating a new application, we decided to check with our representatives at Canada’s major insurance carriers to see if they would accept a new application if the applicant had recently survived COVID-19?"

The answers that came back made sense and made us realize that life has changed with COVID-19. 

Each of the carriers responded that an application for new life insurance coverage would only be accepted after the person being insured had "fully recovered" and then waited at least three additional months, if that person had been hospitalized as part of their treatment for COVID-19. 

Of further concern, the carriers added that "If and when that person does apply in the future, there is no guarantee that they'd receive an offer” for a new life insurance policy.

In light of this, if you are healthy now, you may want to consider getting or increasing your life insurance coverage while you can. Call your licensed insurance Advisor or contact us here at Legato. We would be pleased to help.


​Don Anderson
@ Legato
Protect your wealth and pay fewer taxes.

All articles are listed here.

Copyright 2023- Legato Wealth Management Inc. 

  • Home
  • About
    • Mission & Principles
    • Our People
    • Strategic Relationships
    • Community
    • Learning & Connecting
    • Contact
    • Meeting Legato >
      • Meeting Checklists
      • Parking
      • Review Online
  • Solutions
    • Creating & Distributing Wealth
    • Key Understandings
    • Legato Plans
    • Philanthropy
    • Steps to Legato1
    • Policy Search
    • Will Search
  • Articles
    • The Pair: Estate Freeze & Legato Plan
    • 70 Years and 214 Days
    • Tax Apportionment in Estate Planning
    • Beneficiary Designations and Resulting Trusts Revisited
    • Reviewing A Shareholder's Agreement
    • Part 1: Legacy Gifting Private Company Shares
    • Part 2: Legacy Gifting Private Company Shares
    • Life Insurance As Fixed Income Plus
    • Smooth Transitions
    • Reduce Estate Shrinkage
    • Take Time For Your Legacy
    • Protect Your GrandChildren
    • Another Asset Class
    • Take Five
    • Inheritance & Taxation
    • Cash Me If You Can
    • Think Wider
    • Succession Planning
    • Legato 3
    • Retirement Income
    • Look Across
    • Lest We Forget
    • Partners In Search For A Cure