Can people with disabilities take out life insurance?


NEW YORK – October 26, 2021 – (

iQuanti: If you or someone you love has a mental or physical disability, you may think that life insurance is off the table. And with many insurers enforcing pre-approval medical exams, it can be difficult to understand what would and would not exclude someone from coverage. But don’t worry: many people with disabilities can take out life insurance. There may only be a few additional steps and costs, but it is well worth the time and money investing in getting the coverage you need. Here’s what you need to know to get one Life insurance for people with disabilities.

What do life insurers consider disability?

There are a variety of medical conditions that are classified as disability. The underlying similarity between them is that the disability makes it harder to do some activities or to interact with the world in general. Some of the main categories of disability are:

  • Move
  • communication
  • Mental health
  • Hearing, sight and other senses
  • Thinking and remembering

And while some disabilities, such as limb loss, are easy to spot, others, such as mental health issues, may not be as obvious. For insurers, however, the impact of disability on your overall life expectancy is a crucial factor in deciding how much life insurance to take out and what premiums to pay.

How do life insurers rate a disability?

There are several important things life insurance companies need to know for an applicant with a disability, including:

  • The cause: Disabilities can be caused by many factors, from accidents to chronic illnesses. And life insurance companies want to understand the root cause in order to gauge its impact on all-cause mortality.
  • Whether the disability is permanent or temporary: Temporary disability, such as that caused by an accident, is likely to be viewed differently from chronic or permanent disability.
  • Whether you can continue working or not: A disability that prevents you from working and earning an income can affect the amount of life insurance you can get.
  • General health: The insurer wants to understand general health and lifestyle information, including when you consume tobacco products.

Life insurance benefits and options

People with disabilities can consider life insurance for a number of reasons. One of the main reasons is to provide financial support to loved ones in the event of your premature death. The proceeds of a life insurance policy can, for example, replace income, pay funeral expenses or pay off debts. In addition, you can rest assured that your family and loved ones will be financially supported even after your absence.

There are two broad categories of life insurance: term life insurance and life insurance. The main difference between these two options is that term life insurance covers you for a specified period of time, often between 10 and 30 years, while life insurance is for the duration of your life, provided premiums are paid.

A life insurance policy results in a guaranteed payout if you die during the term of the policy. But after the term has expired, the benefit does not apply unless you extend the policy for a new term, probably at a higher premium.

On the other hand, a life insurance policy can accumulate a cash value, making premium payments a little more expensive than a term policy. But life insurance offers lifelong coverage, which can be helpful for people with disabilities who can cause their health to deteriorate over time.

Depending on the extent and severity of the disability, insurers can enforce higher premiums for both term and life insurance. For this reason, it is advisable to look around at various insurers to assess the coverage options and costs.

The bottom line

Life insurance is still available for people with disabilities; it may just cost a little more and have a more in-depth verification process. Because of this, it is important to speak to an experienced professional who will guide you through the process and find the right product for your situation and budget.

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Can people with disabilities take out life insurance?

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