Facing the uncertainty of life during the time of COVID-19 is incredibly taxing. From worrying about job security and the health and safety of loved ones, many are struggling to comprehend the long-term effects of this pandemic. Any plans for the future have seemingly been shelved as it has not yet been determined when things will go back to normal. If you are concerned about how the pandemic will change your life for the foreseeable future, take a few action steps now to ensure you are creating as much stability as possible.
Many Are Rethinking Their Life Insurance Policy
To give yourself peace of mind, take time to look over your existing life insurance policy, as well as the policies of any loved ones who are facing debilitating illnesses. While this is an emotional topic to navigate, it is better to be prepared. If you or a loved one are suffering from a life-threatening illness, consider researching a viatical settlement to see if this is a suitable option. You may be wondering, “What is a viatical settlement?” and this is a common question most people have when they are unfamiliar with the term. An insurance company offers a viatical settlement to terminally ill individuals who would prefer to receive a lump sum of money in lieu of the death benefit attributed to their life insurance policy.
For many families, this is a more secure option as they know they have the financial stability they need to cover the end of life expenses for their loved one. If you are struggling to cover medical costs, opting for a viatical settlement provides you with the funds needed to pay any outstanding debts. Work with a viatical settlement provider to determine the amount you would receive from the sale of the current life insurance policy and then come up with an agreement that works best for you and your loved one.
Couples Are Reconsidering Family Planning
The pandemic is causing people to reevaluate their life plans, particularly for those who were thinking about starting a family in the near future. If you and your partner want to have children but have medical concerns due to the presence of COVID-19, options are still available to you. Egg freezing is one of the most viable options for women who want to wait a few months, or even a few years, before trying to conceive. Regardless of where you live in the United States, numerous fertility clinics offer this service. Look into egg freezing Los Angeles if you are a Californian who is interested in extending your fertility journey.
Once you have found a fertility clinic in your area, take time to speak with one of the specialists on hand about fertility preservation. If you are interested in egg freezing specifically, be sure to ask specific questions to gain the information you need before making any set decisions. Determining the cost of egg freezing, the number of eggs you want frozen, and the best time to have your eggs frozen are equally important in your decision-making process. A fertility specialist will go over all your options and helps you decide which option is best for you and your partner during this uncertain time.
Any choices you make relating to reproductive medicine or procedures should be made after you have acquired all relevant medical information. The best way for you to plan for the future of your family is to gather as much information as possible and make the best-informed decision from there.
You can learn more about egg freezing in LA by visiting Pacific Fertility Center in Los Angeles at 10921 Wilshire Blvd Ste 700, Los Angeles, CA 90024, or by calling (310) 209-7700.
