iQuanti: Since life insurance quotes are dependent on the health and life expectancy of each individual, it's tough to analyze whether life insurance premiums have gotten more expensive for customers as a whole. However, there is no doubt that COVID has led to a growing interest in life insurance policies.

What does this growth mean for life insurance customers? And how will life insurance companies deal with COVID as it becomes an increasingly regular part of Americans' healthcare concerns? Let's take a more in-depth look at some of these questions.

Does life insurance cover death from COVID?

Yes, life insurance covers death from COVID. Life insurance policies typically cover death from any natural cause, as long as your health history has been accurately reported to your insurance company. This includes deaths from diseases such as COVID-19.

If you have taken out a policy before you contracted COVID, you don't need to worry about whether your beneficiaries will receive the lump sum payout if you pass away. As deaths from COVID or COVID-related illnesses are covered by life insurance policies, this means beneficiaries shouldn't have any trouble receiving the death benefit.

How has COVID affected life insurance sales?

The Life Insurance Market and Research Association (LIMRA) has noted that life insurance sales have reached their highest annual growth in nearly 40 years. In an already enormous industry, these numbers imply that even more growth is ahead.

While this increased demand for coverage may drive up term life insurance quotes, it may also urge companies to find a stable price point for their policies. That way, life insurance companies can continue to provide stable coverage to Americans, regardless of the changing healthcare environment.

Will I pay more for life insurance if I'm unvaccinated?

The American Council of Life Insurers has gone on record stating that vaccinations will not affect premiums or death benefit payouts. 

Still, as with all diseases, if you have experienced health issues prior to obtaining a life insurance policy, there is a chance you will pay a higher amount on your premiums due to long-term complications. Most term life policies require a health examination, and if you're not honest about your prior conditions, it could also give your insurers grounds to deny you your coverage.

After COVID, will I be denied life insurance if I'm older?

The AARP has reported that some life insurers denied older patients coverage during the pandemic, especially for seniors who have health conditions that increase their risk of dying from COVID-19. Of course, life insurance companies are less likely to cover older customers regardless of COVID, due to mortality risk, but COVID has, unfortunately, added another layer to covering elder Americans.

However, the likelihood of an older patient receiving coverage is dependent on a number of factors, including the policy they wish to purchase. COVID may make more of a difference with term life insurance policies, but many insurance companies will still have options available to seniors that will meet their insurance needs.