Navigating the difficult insurance market

Life insurance is so important when facing a family emergency like the coronavirus.

However, with so many people contracting the virus, insurance may be harder to find.

Scripps reporter Kevin Berry reports.

BUT WITH SO MANY PEOPLE INNEVADA AND ACROSS THE COUNTRYCONTRACTING THE VIRUS...SCRIPPS REPORTER KEVIN BARRYREPORTS HOW...INSURANCE COULD BE HARDER TOFIND RIGHT NOW.JAQUELINE 3:20 RUNS :01 IT WASA WAKING MOMENT...WHEN JAQUELINE HARDGES TESTEDPOSITIVE FOR THE CORONAVIRUS INJAQUELINE 6:05 RUNS :10 IT JUSTREALLY MADE ME SAY, IFSOMETHING REALLY HAPPENS TO ME,I WANT THEM TO BE ABLE TO MORETHAN JUST PUT ME AWAY AND HAVEA COUPLE DOLLARS, SHE RECOVEREDFROM THE VIRUS HOME - AND SOONAFTER - STARTED SEARCHING FORMORE HEALTH INSURANCE.THAT'S A MARKET THAT FINANCIALEXPERTS LIKE LARRY RYBKA SAY ISGETTING TOUGHER FOR MANYAMERICANS...LARRY 10:02 RUNS :07 WE CANSTILL GET POLICIES IT JUST MAYCOST MORE THAN IT DID BACK INJANUARY/FEBRUARY THE COST OFTHOSE POLICIES IS GOING UP - ATLEAST PARTIALLY - BECAUSE THEECONOMY WENT DOWN...((GFX - TEST)) WHEN YOU PAYYOUR LIFE INSURANCE PREMIUMS -THE INSURANCE COMPANY INVESTSTHAT MONEY IN BONDS ORMORTGAGES AND MAKES A PROFITOFF THE INTEREST RATES....WELL - THE FEDERAL RESERVEDRASTICALLY CUT INTEREST RATESTRYING TO HELP THE ECONOMYRECOVER FROM THE VIRUS...LOWER INTEREST RATES - MAKE ITHARDER FOR INSURANCE COMPANIESTO INVEST YOUR LIFE INSURANCEPREMIUMS.THAT MEANS FOR MANY PEOPLE - TOGET LIFE INSURANCE...LARRY 2:43 RUNS :08 HIGHERCOSTS - NOT ONLY NOW, BUT INTOTHE FUTURE BECAUSE THOSE BONDRATES ARE LIKELY TO STAY DOWNSTAND UP JUST LIKE EVERYTHINGELSE - THE CORONAVIRUS IS ALSOMAKING THE PROCESS TO GET ALIFE INSURANCE POLICY A LITTLEMORE COMPLICATED.LARRY 3:15 RUNS :10 MANYCUSTOMERS ARE BEING DELAYED -BECAUSE INSURANCE COMPANIESNEED TO GET MEDICAL INFORMATIONTO DECIDE IF THEY SHOULD ISSUEA POLICY MANY DOCTORS OFFICESAND HOSPITALS ARE CLOSED - OROVERWHELMED RIGHT NOW.BUT OUT OF THOSE PROBLEMS ISCOMING INNOVATION...LARRY SAYS SOME INSURANCECOMPANIES ARE FINDING NEW WAYSTO EVALUATE SOMEONE'S HEALTH -LIKE THROUGH A LIST OFMEDICATIONS THEY TAKE - OR BYVIEWING MEDICAL INFORMATIONONLINE...LARRY 5:17 RUNS :08 WE HAVEBEEN ABLE TO ISSUE SOME OF THEMIN AS LITTLE AS 7 DAYS FROM THETIME THE PERSON STARTS...COMPARED TO THE 30-40 DAYWAIT THAT OTHER METHODS USUALLYTAKE.IT'S AN IMPORTANT DISCUSSION TOHAVE RIGHT NOW - EVEN IF IT'S ALITTLE MORBID.JAQUELINE 8:35 RUNS :05 I'MGUILTY OF IT, OH I DON'T NEED,I'LL BUY IT WHEN I NEED ITIN OHIO - SHE DOESN'T HAVE TOLOOK FAR TO FIND PEOPLEWHO ARE GRIEVING LOVED ONES -ONLY TO THEN BE IN FINAINCIALSTRAITS...JAQUELINE 9:14 RUNS :09 IFPEOPLE ARE BEING DIAGNOSED WITHCORONAVIRUS AND THEN WEEKSLATER, OR DAYS LATER, PASSINGAWAY THEIR FAMILIES ARE NOTPREPARED IN CLEVELAND - I;MKEVIN BARRYA LOT OF SUMMER CAMPS ARE NOWCANCELED DUE TO THE