As the coronavirus threatens the health and wealth of Americans, consumers are fighting back by arming themselves with basic financial tools they may have overlooked before.
They’re rushing to sign up for products and plans that will protect their incomes, lifestyles and loved ones from the virus and the severe economic fallout that has tipped the U.S. into its first recession in over a decade.
Here are five financial tools that have become essential during the pandemic. If you haven’t included them in your money strategy, maybe it’s time to make room.
1. Life insurance
The rising toll from COVID-19 is a reminder that life is fragile — which has led to surging sales of life insurance policies.
“We believe there are many people who have been putting off buying life insurance, and the pandemic is creating