Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - June 15, 2020

June 15, 2020
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News. Insights. Analysis. Inspiration.

Today's Key Question:

The Medical Information Bureau reports an increase in life insurance  applications in May, especially among young consumers. See the article below from Think Advisor.

Apparently, COVID has people thinking.

Do you know people in their 20's and 30's that  have not yet purchased coverage? Please ask them to discuss their concerns with me. Now is the time to buy a policy! 

 

"Opinion: Federal relief gave my business a running start"

From The Missouri Times:

* Fortunately, our business is one of the lucky ones. A strong financial footing going into the crisis and low overhead costs all but guaranteed eventual survival. But survival is not the end-all-be-all goal. Getting the business open as quickly — and safely — as possible is the ultimate objective. The small business community needs to trigger a strong and robust recovery so the country can get back on its feet.

That’s exactly what a forgivable loan through the PPP empowered our business to do.

 

"Ortiz & Gray: Flatten the COVID-19 Fear"

From Breitbart:

* Public officials should pivot from “flattening the curve” to “flattening the fear.” The data demonstrate that younger and otherwise healthy Americans face little risk of dying from this disease. Most people should immediately get back to living their daily lives without fear, boosting our beleaguered economy.

  

"Life Application Activity Soars: MIB"

From Think Advisor:

* Maybe COVID-19 has educated younger consumers about the value of life insurance.

 

"It Is Time To Call Shenanigans!"

From American Institute for Economic Research:

* The optimal policy, therefore, would have been to warn against big indoor events and to create PSAs about hand washing and social distancing, incentives for people showing any respiratory systems to self-isolate until cleared through testing or loss of symptoms, and lazarettos for those suffering enough from COVID-19 to seek medical attention. As the most effective care was merely palliative and did not require ventilators or highly trained medical experts to assist, there was no need to “flatten the curve and raise the line” as there was no chance of hospitals being overrun and people dying needlessly, which ironically occurred due to the lockdowns. 

Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here