How to Get Life Insurance If You Have a Disability

Shawn Plummer

CEO, The Annuity Expert

If you have a disability, finding life insurance can seem daunting. But it is essential to get life insurance if you have a disability, as it can provide financial security for your loved ones in the event of your death. This guide will discuss getting life insurance if you have a disability. We will cover the different life insurance policies available to people with disabilities and discuss how to find the best policy for your needs. So read on to learn more about life insurance for disabled people!

Confused About Life Insurance?

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Is it possible to get life insurance if you have a disability?

In the United States, about one-fourth of all adults have a disability. For many people, living with a disability can make it even more critical to provide for their family. But is life insurance for people with disabilities an option?

Even if you have a disability, it is possible to get life insurance. If you are worried about being able to take care of your family, the money from a life insurance policy can help. This will ensure your family has money if something happens to you.

We offer a variety of life insurance policies for adults who are disabled. Learn more about your options for life insurance if you are disabled and how to get covered.

Is It Possible To Get Life Insurance If You Have A Disability

What is considered a disability?

There are many different types of disabilities. A disability can be physical or mental. It can make it harder for someone to do things or to interact with the world around them.

  • Sensory impairments (hearing, vision, smelling)
  • Movement
  • Cognitive impairment
  • Communicative impairments
  • Mental impairments
Best Life Insurance For Ssdi Recipients

Different types of life insurance for people who have disabilities

Does term life insurance cover disability or people who are disabled? What about other options? The products available to you will ultimately depend on how severe your disability is. If your disability is relatively mild, you may qualify for conventional term life or permanent life insurance coverage.

  • Term life insurance is the most popular insurance policy because it offers affordable coverage for everyday families. Your family will get a guaranteed payout if something happens to you during the policy term.
  • Permanent life insurance lasts for your whole life. You don’t have to worry about it expiring as you do with term life insurance. Permanent life insurance also has a cash value that you can borrow against or use as collateral for a loan.

Shop Life Insurance Quotes

You have unique life insurance needs, especially if you have a disability. That’s why there are different types of life insurance and different amounts that you can buy. Every company has its rules, so it is essential to compare policies and prices before choosing one. If you need help, we make it easy to compare prices online for various policies, or you can contact our team (below) to help find the best fit for you.

Consider life insurance riders

A life insurance rider is extra protection or benefits you can add to your policy if you have a disability. One everyday rider is the terminal illness rider, which allows you to get some of your death benefits if you are diagnosed with a disease and will die within a year. This can help your family pay for medical bills or other expenses near the end of your life.

Best life insurance options for disabled adults

If you are a disabled adult, finding the right life insurance policy can be challenging. Here are some of the best life insurance options for disabled adults:

Guaranteed issue life insurance

As mentioned earlier, guaranteed issue life insurance may be a good option for disabled adults with pre-existing health conditions that make it challenging to qualify for traditional life insurance. In addition, this type of policy does not require a medical exam or health questions and is, therefore, easier to obtain.

Simplified issue life insurance

Simplified issue life insurance is another option for disabled adults in relatively good health. This type of policy requires a simplified health questionnaire and may be easier to qualify for than traditional life insurance.

Can You Have Life Insurance While On Ssdi

Best life insurance options for SSI recipients

SSI is a federal program that provides financial assistance to people with limited income and resources who are disabled, blind, or elderly. If you are an SSI recipient, you may wonder about your life insurance options. Here are some of the best life insurance options for SSI recipients:

Guaranteed issue life insurance

Guaranteed-issue life insurance is a policy that does not require a medical exam or any health questions. You are guaranteed to be approved for coverage if you meet the age requirements. This type of policy is ideal for SSI recipients who may have pre-existing health conditions that make it challenging to qualify for traditional life insurance.

Simplified issue life insurance

Simplified issue life insurance is a policy requiring a simplified health questionnaire instead of a complete medical exam. While this type of policy is not guaranteed like the previous option, it may still be a good option for SSI recipients in relatively good health.

Can you have life insurance while on SSDI?

SSDI is a federal program that provides financial assistance to people with disabilities who have worked and paid into the Social Security system. If you are on SSDI, you may wonder whether you can have life insurance while receiving benefits. The answer is yes; you can have life insurance while on SSDI.

Group life insurance

Group life insurance is a policy that an employer or association provides. If you are on SSDI and have access to group life insurance through your employer or an association you belong to, you can enroll in the policy. However, remember that group life insurance may have limitations in terms of coverage amount and may not be portable if you leave the employer or association.

Individual life insurance

Individual life insurance is a policy that you purchase on your own. While qualifying for individual life insurance may be more challenging if you are on SSDI, it is still possible. However, you may need to shop around and look for insurance companies that specialize in high-risk applicants.

Can I get life insurance for my child with a disability?

If your child has a disability, life insurance can help you care for them after death. The money from the life insurance policy can help pay for housing, health care, and other things your child may need. You may want to consider a permanent policy that offers lifelong benefits so your child will always have the money they need.

Helpful Tip: If you’re looking for an affordable way to manage your estate plan and establish a living trust as well as a last will, we suggest:

Life Insurance For Mentally Challenged

Next Steps

Life insurance is an essential aspect of financial planning for everyone, including those on disability. While finding the right life insurance policy may be more challenging for SSI recipients, SSDI beneficiaries, and disabled adults, there are still options available. Whether looking for guaranteed or simplified issue life insurance or an SSDI life insurance policy, shopping around and finding the policy that best meets your needs is essential. Remember, having life insurance can provide peace of mind and financial security for your loved ones in case of unexpected death.

Life Insurance If You Have A Disability

Need Help Getting Life Insurance Coverage?

If you have a preexisting medical condition and want to buy life insurance, you will need help from an expert. This person can help ensure you get coverage so you don’t get declined.

Warning: Applying for life insurance without a medical exam can be risky. If you get declined for coverage, it could be at least two years before you can get any life insurance.

Impaired Risk Life Insurance
Have You Been Declined Life Insurance Coverage Before?

Frequently Asked Questions

Can you have life insurance if you are on disability?

Your age, medical history, gender, lifestyle habits, and employment may all be considered to decide your eligibility for life insurance. Fortunately, having a disability doesn’t automatically disqualify you from this form of coverage – depending on the policy type and insurer. Furthermore, the results from any necessary examinations can also influence your eligibility and rates for life insurance.

How do you survive on disability insurance?

Your family members may be eligible to receive benefits. Supplemental Security Income (SSI) is also available. In addition, you might consider earning additional income through the Social Security Disability Insurance’s Ticket to Work Program. Food stamps, energy assistance programs, and grocery coupons could help cut costs. Don’t forget about medication assistance and sample offers too!

What is a waiver of premium on a life insurance policy?

This optional add-on allows you to suspend paying your premiums if you become disabled and cannot pay. With this feature, no matter what kind of disability occurs, it can give peace of mind knowing that the policy is still in effect and will remain so until your recovery.

How does life insurance work?

Life insurance works by forming a contract between you and an insurer. Then, by paying regular premium payments, your beneficiaries will be eligible to receive a lump sum upon your passing, known as the death benefit. This money can then be used. However, they see fit.

What do disability insurance and life insurance have in common?

While there are distinct differences, disability, and life insurance have vital similarities. Both types of coverage provide financial security in the face of illness or injury-induced income loss. Moreover, these policies offer invaluable protection for you and your family if they rely on your earnings during unsteady times.

*Disclosure: Some of the links in this guide may be affiliate links. I may receive a commission at no cost to you if you purchase a policy. It helps us keep the lights on!

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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