How-To: Support your loved ones during global financial hardship
You’ve heard it from everyone: these are uncertain times. The financial protection industry is here to help families get through and recover from the financial hardship that the COVID-19 pandemic has wrought.
Below are some financial protection resources and tips can help you and your loved ones during this challenging time.
If you have been impacted by COVID-19, your life insurer may offer extended grace periods so you can make your policy payments later and keep coverage now. Learn more here.
Disability Income Insurance
Prolonged unemployment due to illness or injury can jeopardize a person’s lifestyle and long-term savings. Disability income insurance provides workers with paycheck protection to cover expenses like mortgage payments, rent or utilities. Learn more.
The CARES Act allows you to withdraw up to $100,00 from your retirement savings AND the traditional 10% tax penalty for early withdrawal is waived. Learn more about eligibility here.