When it comes to purchasing life insurance for yourself, or even another family member, you may have a long list of questions. Especially if the “insured” involved has a high-risk medical condition in the eyes of the life insurance company.
If this is the case, you may feel scared to move forward not knowing you will be declined or approved for coverage at all. Not to mention, life insurance isn’t the most desirable of fun purchase you can make. I do, however, get asked the same question on a widespread basis. Can you get life insurance with autism or Asperger’s? With years of experience in the life insurance industry and specializing in high-risk life insurance, here is what I can tell you on this topic.
So, can you get life insurance with autism or Asperger’s? Yes, you can get life insurance with autism or Asperger’s. It will depend on the medications used to treat the condition, where you fall on the life insurance spectrum and how severe the condition is in general. Lastly, how the autism or Asperger’s impacts your everyday life can also make a difference if the life insurance company will ultimately approve your application.
Although the answer above may have you feeling a little bit better about the situation, you need to be aware of other factors and steps that will be involved in the application process when applying for life insurance with autism or Asperger’s.
Let’s dive into the details, By the end of this post, you should know everything that will be involved with purchasing and securing life insurance coverage for yourself or someone else who is currently suffering and battling autism or Asperger’s.
The Process. Life Insurance Underwriting with Autism and Asperger’s.
Anytime you apply for life insurance, whether you have a high-risk condition or not, you will always be asked a series of medical questions throughout your application by the life insurance agent.
When you have a condition such as autism or Asperger’s, you may more follow up questions that directly geared towards the condition itself. You see, this is how the life insurance company begins getting a feel for your overall health and the potential risk
With autism or Asperger’s, some common questions you can expect could include the following.
What Happens Next During the Application Process with Autism or Asperger’s?
At this point the process, the underwriters will have most of the information they need to begin underwriting your case effectively. What typically will happen, is they will contact you and the agent for additional information if it’s needed throughout the process.
If this happens, it’s likely to be the “APS” or attending physicians’ statement that will be needed. The life insurance companies want this information for a few different reasons. First, they want to confirm that everything that’s been placed on the application thus far is true and accurate.
Additionally, underwriters working for the life insurance companies are trained to read these often very long reports that can help assist them with effectively determining what kind of risk you currently fall into. This, in turn, helps them assess if they should approve the life insurance policy and at which rates to approve the policy at.
Traditional Life Insurance That Requires an Exam Is the Way to Go.
Although no-exam options do exist that allow you to purchase life insurance without needing an exam if you are purchasing life insurance with autism or for someone else who suffers from autism, taking the path that requires the medical exam is the way to go.
The reason for this is due to the no-exam options typically needing to be clean applications and the need for an examiner to stop out not really presenting itself. Due to taking medications frequently with health conditions such as autism or Asperger’s, taking the medical exam when purchasing your life insurance gives you the best overall chance at being approved for coverage.
Other Issues That Commonly Arise with Life Insurance with Autism or Asperger’s
Sometimes, the medication or treatment for the actual autism isn’t necessarily the issue. Sometimes the problem comes down to taking multiple medications or other conditions that often present themselves in conjunction to the autism or Asperger’s.
Often individuals with either of these two conditions may also be taking such as anti-anxiety medications, anti-depressant medications or antipsychotic drugs. When you have too many medications being taken for various issues, the underwriters with the life insurance company become concerned and may get cautious about approving the case.
What Ratings Can You Expect with Autism or Asperger’s?
Currently, if you have autism or Asperger’s and are attempting to purchase life insurance for yourself or someone you know, you will likely be rated in a sub-standard category but can surely still be approved for coverage.
Achieving a standard rating is the best-case scenario, and this is likely because the condition is very mild, and you are stable in all other areas, and the amount of medications being taken is minimal.
A substandard rating is nothing to get to upset over. It’s still an approval for traditional life insurance such as term, whole life or even universal life. The premiums may be slightly higher, but sometimes, this is just what must be done to get coverage in place.
What to Do If You Have Already Been Declined Life Insurance with Autism or Asperger’s?
If you have already been declined for life insurance with either of these two conditions, you have three options. First, start with a company such as over here at Good Life Protection. We specialize in underwriting high-risk cases, and it’s 100% free.
We also represent most of all life insurance companies, so you can count us finding you the best possible rates and shopping your case for as long as it takes to gain approval for your life insurance.
Option 2 comes after we have exhausted option 1. If we can’t get your case approved with traditional coverage, we will turn to other coverage types such as guaranteed issue life insurance or accidental life insurance policies.
These aren’t necessarily a bad thing. In some cases, these can be even cheaper options, but they do come with a few stipulations.
Option 3 is to sit and wait. Sometimes the life insurance company is willing to work with you, but they postpone the case until specific results are in from a medical visit or until they have more information that they need. If you fall into this boat, we highly recommending purchasing one of the options discussed in option 2 while you wait for this allotted time to pass.
At least, in this situation, you are getting some form of coverage active and started, and when the time comes, we can just replace the policy, cancel the old premiums and start the new traditional life insurance policy for you. Pretty easy and we do it all the time.
What Should I Do Next?
If you think you are ready to begin shopping life insurance, you can start by comparing rates on the right-hand side of the screen. When you go through the first screen of questions, you will be able to see all the life insurance companies you know, and trust displayed with rates that you may qualify for.
Alternatively, you can simply give us a call at the number in the top right-hand portion of the screen. We are simply here to help and educate you on the best options you have for obtaining life insurance with autism or Asperger’s.
Final Word. Life Insurance with Autism or Asperger’s Is 100% Possible.
Purchasing life insurance with Autism or Asperger’s is 100% doable, and we have handled hundreds of cases for individuals going through the exact same doubts you are going through currently. We are here to help, and we want to find you the best policy as well.
Start by filling out the quote form and let us prove that we can help you with this higher-risk medical condition. It’s what we do.
So, what are you waiting for?
FILED UNDER – HIGH RISK LIFE INSURANCE
Resources – AutismSpeaks
Josh Martin is the founder of Good Life Protection. He began his career as a captive Agent working for New York Life Insurance Company. After continued education and designations, Josh founded Good Life Protection to provide consumers with more options and insurance that truly fits into your budget and health classification.