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 like a daunting task. But it is important 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. In this guide, we will discuss how to get life insurance if you have a disability. We will cover the different types of life insurance policies available to people with disabilities, and we will also discuss how to find the best policy for your needs. So read on to learn more about life insurance for disabled people!

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 important to make sure their family is provided for. 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 make sure that 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.

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

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 serious 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 type of life insurance policy because it offers affordable coverage for everyday families. If something happens to you during the term of the policy, your family will get a guaranteed payout.
  • 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 own rules, so it is important to compare policies and prices before you choose one. If you need help, we make it easy to compare prices online for a variety of 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 an extra protection or benefit that you can add to your policy if you have a disability. One common 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.

Can I get life insurance if I’m receiving disability benefits?

Even if you receive Social Security Administration Disability Benefits (SSI or SSDI), you may still be able to get life insurance. Your life insurance company will want to know why you’re receiving these benefits, especially if you’re unable to work full-time. Keep in mind that just because you qualify for disability doesn’t mean you can’t get term or permanent life insurance. There are other things the company will consider, such as how serious your condition is.

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

If your child has a disability, life insurance can help you take care of them after you die. 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, which offers lifelong benefits so that your child will always have the money they need.

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 make sure that you get coverage so that 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 are able to get any life insurance.

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

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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