Are Life Insurance Agents Essential

Yes, life insurance agents are considered essential during the COVID-19 pandemic. The U.S Department of Homeland Security has identified "Insurance Services" as an essential industry under the Financial Services section [1]. While some local orders may not specifically mention insurance agencies, they often refer to insurance generically or to "financial institutions" as essential. State officials have typically clarified that insurance agencies are essential under such frameworks [1].

There are several reasons why life insurance agents are considered essential:

  1. Essential to the functioning of the economy: The work of life insurance agencies is essential to the functioning of the economy [1]. Life insurance provides financial protection for families in the event of unexpected death, including death due to illnesses like COVID-19 [2].
  2. Considered financial institutions: Insurance agencies are considered to be financial institutions [1]. They provide insurance services and play a crucial role in managing financial risks for individuals and businesses.
  3. Designated as critical and essential: Treasury Secretary Mnuchin issued a memorandum noting that workers who provide "insurance services" are critical and essential [1]. This designation recognizes the importance of insurance agents in providing necessary services to the public.

It is important to note that declaring a business or service as essential does not mean that every employee will be working from the workplace. Many insurance agencies have implemented remote work arrangements to ensure the safety and well-being of their employees during the pandemic.

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