With the year of 2020 behind us, we’ve decided to recap what exactly happened and why the need for insurance is important now more than ever. After COVID-19, we’ve seen possibly the largest global pandemic of our lives. Let’s talk about how this affected insurance policies from financial services Eastern NC.
With over 33.5 million cases and 602,000 deaths in the US alone, COVID-19 changed the way that we see viral infections forever. Watching hospitals run out of masks and other disposable materials necessary to keep healthcare workers safe was another large issue that affected millions of Americans.
Many had to leave work. Some were either laid off or furloughed, while others had to move home and work in a multitude of different living conditions. Even still, others had no choice but to continue working in the same location throughout the heat of the pandemic, putting them at a significantly higher risk of contracting COVID-19.
As of today, things are looking up. There is a vaccine that is working, people are keeping safe, many states have lifted the mask mandate, and stores and businesses are reopening. With that being said, let’s discuss how financial services Eastern NC is recovering from COVID-19’s wrath. 
According to a study, researchers claim that despite 2020 being a tumultuous year for insurance companies, the industry is set to rebound to 3% growth in 2021. Because of the unemployment rate skyrocketing in 2020, insurance sales were undermined. These rates are projected to reach pre-pandemic levels after the fourth quarter of 2022, according to the same researchers.
This doesn’t slow financial services Eastern NC down! We are responding, recovering, and thriving. We are on the path to growth already this year, thanks to the help of our clients in Eastern NC!
At Alexander Financial Services, we want you to feel secure about placing your trust in us. We are proud to have served Eastern NC with an honest and reliable reputation. We can answer any and all questions that you may have on insurance plans. We’ll help you pick what would be best for you and your family. Visit our website to learn more about how we can help you stay covered.
