In particular, the National Life Group (NLG) life insurance is recommended here. It has Living Benefits and meets the requirements of the end-stage. These benefits are triggered if you experience a qualifying terminal, chronic, or critical illness. This includes any qualifying event triggered by COVID-19.

    This also includes long-term care and adult daycare. In summary, optional Accelerated Benefit Riders (ABRs), offered at no-additional cost, can provide access to your death benefit during your lifetime. 

  Additionally, the company simplifies the insurance process. Insured people with an insured amount of less than $3 million can "remote video insurance without medical examination", and foreign students such as F1 visas can also purchase it. However, the applicant must be in the United States before the application and underwriting are approved. NLG specially developed the corresponding APP and provided it to the Agent for use, which greatly facilitated customers.

Personal assets

      It can be understood as follows: American life insurance is a safe haven for dollar assets under crisis. The significant economic changes and chain reactions triggered by the pandemic have caused snap buying of US dollars and US debt. From a global perspective, no matter how the economy deteriorates, the US dollar and US debt are the best and safest assets in the world.

    In the US dollar financial product market, guaranteed and fixed income products, in addition to some claims, bank deposits, and hedging securities, are life insurance with financial management functions. Among them, the risk of hedging securities is very high, the interest rate of bank deposits is extremely low, or even zero, but life insurance is tax-free. This shows that US life insurance, as the core guarantee for asset allocation, is one of the best choices for personal asset allocation during the economic downturn.