How to Get Life Insurance With Autism or Aspergers, Can it Be Done?
If your family was responsible for all of your bills, it could be a mountain of debt and would they have any way of paying off any of those expense? This is how viewing life insurance as an investment makes it vital that you have some financial protection in case you were to pass away.
Do you or a loved one suffer from autism or Asperger’s? Qualifying for life insurance is not impossible. We’ve helped several people get an effective policy before and we’re confident we can do it again.
The insurance company won’t just look at your condition and automatically shove it aside with a decline stamped on it. They know that normally you’re an insurable candidate, but once you apply you’ll have to give them more information about your diagnosis and any other issues that you might also have. The good thing is we’ve compiled some information below and we hope you find it helpful as you go through the process of securing your finances for the future.
Where do you fall on that autism spectrum?
Are there any intellectual or psychiatric limitations that you deal with?
Do you suffer from any muscular ailments?
How does the applicant get by doing daily activities?
Does the applicant have any other major health problems?
While there are no medications that apply directly for autism/Asperger’s, applicants may be taking medications for other mental conditions like antidepressants, anxiety medications, and antipsychotic drugs. These medications could be insurable depending on an applicant’s situation.
Insurance companies ask many questions about these conditions because they need lots of information to make a decision. Be sure to provide all this information as insurance companies are more likely to reject an application that looks incomplete.
Life insurance companies rate applicants with autism or Asperger’s on a few different factors. First, they consider whether an applicant just has autism/Asperger’s or if they have other more serious issues like Rett syndrome or other physical/mental impairments. .
Beyond considering these factors, insurance companies will also review an applicant’s overall health to make a decision. I’ve put together a guideline on how an underwriter might end up rating you.
Preferred Plus: With problems in the future likely to arise chances are slim for this category.
Preferred: Another situation where the risk is simply to high for the insurance company to rate you in this section.
Standard: If you are otherwise healthy, and functioning on the top level this is the best rating you can hope to receive.
Table Rating (substandard): Most applicants in the spectrum will be rated here. This isn’t a bad thing, but be aware when looking for quotes that give you a preferred or standard rating that you’re price will end up being higher.
Declines: Do you have Rett syndrome or childhood disintegrative disorder? Then that will be a decline for most if not all carriers. And if you also suffer from muscular or cognitive impairments then you will also most likely have difficulty getting an application approved.
Here are two examples on how to navigate the stress of filling out a life insurance application.
When this applicant was diagnosed with autism at eight, her parents thought it would be a good idea to buy her life insurance right away before anything else happened. When her application was denied, her parents believed she wouldn’t have a policy approved. After reading our site, they understood her chances right after diagnosis weren’t as good if they would’ve waited for her condition to stable. By trying again this time, the applicant received a Standard rating as her autism hadn’t developed into any other problems.
Case Study #2: Male, 25, had Asperger’s since 10, suffered from depression at 20, starting taking antidepressants at 22 and recovered.
This applicant had Asperger’s since he was 10 and was also diagnosed with depression at 20 partially due to his mental condition. After taking antidepressants for a year, this applicant recovered from his depression and was in better overall health. His rating though was substandard when he first applied. His past history of depression and were worried that this was too much on top of his Asperger’s. We recommended he see his therapist and get a note vouching that due to medication and therapy, this client had his depression under control. With this new information, the applicant applied and received a better rating than before.
If you are looking for life insurance for someone with autism or Asperger’s, it might be a good idea to get some professional help with your application. Agents have the knowledge to let you know when an application should be submitted and which carrier views your condition more favorably.
Click here for information and free insurance quotes, or complete the form to the right side of the page. Each carrier has different algorithms that help them with their risk classes and who gets put in each one. To find the plan that best fits your budget you’ll need to receive many quotes before picking the one that works best for you.
Unlike traditional life insurance agents, we are independent agents, and we can represent as many insurers as we want! With tons of life insurance companies in America we can narrow down the ones that fit your goals best all while saving you valuable time and saving you hard earned money.
Let us help you get approved for a plan that works with an applicant who has autism or Asperger’s. Even if you’ve been declined in the past, we can help you get affordable life insurance protection through a no medical exam life insurance plan.
These no medical exam plans mean you can have financial protection and you don’t have to answer medical questions or go through an exam. Everyone deserves to have the insurance protection that their family needs, and your health shouldn’t stop you..
Buying life insurance shouldn’t be a difficult thing to do. But sometimes we make it out to be that way. If you have any questions, or any concerns that your autism or Asperger’s will prevent you from protecting your family and your current financial situation, then give us a ring.