Demand for wills surges as coronavirus has 'focused people's minds' — here's where to start. (via CNBCMakeIt)
Jose Luis Pelaez Inc
The escalating coronavirus outbreak has cast a shadow of uncertainty over most aspects of daily life, prompting a surge in demand for wills and life insurance policies as people move to secure their futures. This week, deVere Group, one of the world's largest financial advisory firms, recorded a 76% jump in demand for wills in the two weeks to the end of March. Meanwhile, life insurersThe uptick is not surprising given the severity of the pandemic, which has so far claimed more than 53,000 lives worldwide and infected over one million people globally, according to data from Johns Hopkins University.
But it has "focused people's minds" on an area of financial planning that is often neglected, according to deVere's CEO Nigel Green.
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