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In Today’s Article, I Will Discuss The Implications Of An Autism Diagnosis When Qualifying For Final Expense Whole Life Insurance
Autism Speaks defines autism as a range of conditions characterized by challenges with social skills, repetitive behaviors, speech, and nonverbal communication, as well as by unique strengths and differences.
Unlike many conditions, autism has a wide-ranging effect on a variety of behavioral and bodily functions. This is why experts refer to autism as a “spectrum disorder.”
Considering the variety of conditions an autistic person can experience, qualifying for final expense whole life insurance with autism is not a clear-cut process.
I will detail the different autism behaviours people have. Next, I’ll discuss what the likelihood is of qualifying for final expense whole life insurance with each part of the spectrum.
Here’s An Overview Of Today’s Topics:
- Epilepsy And Epileptic Seizures With Autism
- GI And Gastrointestinal Disorders
- Autism And Attention Deficit Disorder (ADD), Hyperactivity Disorder
- Burial Insurance Rates, Age 40 to 90*
- Let Me Help!
Epilepsy And Epileptic Seizures With Autism
Autism Speaks estimates that 30% of people with autism experience epilepsy or epileptic seizures. Extended, uncontrolled seizures can lead to permanent brain damage in autism patients.
Thankfully, there are a select few final expense whole life insurance carriers that accept epileptic seizures under specific situations.
Buy Life Insurance for Burial is here to help you get the quality coverage that you deserve. We custom tailor our policies to fit your exact insurance-related and financial needs.
In some cases, applicants may qualify for full coverage from the first day, without a waiting period. Please reach out to me at 888-626-0439, via the chat box below, or through sending me a message to find out more.
The 5 Best Reasons To Get Whole Life Insurance
1. A permanent solution to your problems
One of the biggest reasons people want to get whole life insurance is because they realize that the problem that they are facing will never go away. They know that they will pass away, and whole life insurance helps to give them peace of mind knowing that they will be covered when that happens.
For example, maybe you need to cover your burial expenses. If so, whole life insurance is the perfect solution. You will always be covered. You are planning a permanent solution to a problem that you can’t avoid.
Remember, there are cases where problems do resolve themselves, in those cases you make want to consider term insurance. If you have any questions on this topic, feel free to call us!
2. You can pay it up
This is a benefit that only whole life insurance provides.
By this point, we mean that when you design your plan, you can make sure that it has a paid-up option. It is similar to how you can pay off your home and still own it!
You can design the plan to be able to be paid off through premiums and still own the policy, even if you are no longer paying for it. Typically, it takes 10 to 20 years to pay off the entire policy, but it is still a great investment that many people love to opt for.
3. No required exam
If you have a fear of medical exams or needles, this will be a big selling point for you. No medical exams are required to apply for whole life insurance.
It is not like how it used to be decades ago, and the process is much more simple. All you have to fill out is a non-medical application, meaning you don’t need to get your blood drawn or do an in-person physical.
4. The tax-free cash value
Many whole life insurance plans can be designed to have cash value. This means that the dividends are designed to increase the overall cash value of the plan.
This amount can be loaned to you when you need it, and it can be for any reason. This means that you are building into your savings and can always have a backup plan if you need it.
Typically, these loans are a tax-free provision, which many people find to be quite beneficial if they ever need to use them. We see this kind of benefit coming into play when people develop their retirement plans, but it is really great to have this kind of coverage in many situations.
5. Steady rates
When you design your whole life insurance, you can make sure that the rates stay the same. This means that no matter how old you are or what your health is, you have a guaranteed premium that you are comfortable paying.
GI And Gastrointestinal Disorders
Many autism patients experience extended bouts of gastrointestinal stress, such as diarrhea and constipation. In most cases, these ailments will not have an impact on eligibility for final expense whole life insurance coverage.
Case Study Examples
New husband wants to cover his wife after being declined
I was thrilled to hear that my client, Mr. Jonas recently got married. Even though he was only 37, he realized how much marriage changed his life. He told me that he understood that he was financially responsible for his new wife and that he wanted to be able to protect her if he passed away, God forbid.
He had applied for a life insurance policy to make sure that he could do that, but he got denied. He tried to go through the same place that serviced his auto insurance, but he sadly got rejected for a few minor health issues.
That is why he called me. He wanted to make sure that if the worst case scenario happened that he wouldn’t be completely abandoning his wife. He needed coverage so that she would be able to survive financially without him or his income.
We shopped the most competitively priced companies for Mr. Jonas. In the end, we were able to find him a policy that gave him the best combination of pricing and coverage, despite the fact that he was rejected before.
Have you been previously rejected? Do you need coverage? See what Buy Life Insurance for Burial can do for you today!
Note that we cannot guarantee the same outcome for you, but we will try our hardest to help you reach your life insurance goals.
Applying for life insurance to get a business loan
Mr. Turner (age 43) wanted to grow their business further, and to do so, he needed to take out a loan. The bank asked him to get an insurance policy against his own death and indemnify. This way, they wouldn’t be at risk of taking on the financial burden if something were to happen to him before he paid them back.
This was very important to Mr. Turner so he turned to Buy Life Insurance for Burial. He had a history of depression, and he knew that in some cases, this could negatively impact his ability to qualify for affordable life insurance that is good quality. After finishing the health assessment, I understood that he was on medication to manage his mental illness, and he had no recent depressive episodes.
Buy Life Insurance for Burial worked hard for Mr. Turner, and we checked all of the different life insurance companies that we represent. Eventually, we found him the perfect policy that fit the exact parameters that the bank required, and it was affordable, too.
We were able to help Mr. Turner get his loan and grow his business, and we want to work just as hard for you if you are in a similar situation. While we can’t promise the same resolution will happen for you, we can promise that we will do our best to match you with a life insurance policy that is quality, affordable, and meets your current insurance needs.
Autism And Attention Deficit Disorder (ADD), Hyperactivity Disorder
Hyperactivity and attention deficit issues such as ADD impacts the ability of an autistic individual from focusing and learning.
Additionally, most hyperactivity disorders do not have a large impact on insurability for life insurance.
However, taking medications to control hyperactivity disorders may have an impact on insurability.
Your best bet is to check with an insurance agent like myself to see what your options are for life insurance coverage.
Autism, Anxiety, and Depression
The Autism Treatment Network believes at least 33% of autism patients suffer from anxiety.
Research also suggests many adult-age autism patients suffer from depression.
Anxiety is defined as social phobias, obsessive worrying, and anxiety from separating from a loved one.
Anxiety cases range from mild to severe. And at times, anxiety bouts are difficult to control.
Therefore, as with hyperactivity disorders, insurance carriers may look favorable on an insurance applicant with autism, depending on what medications he or she takes to control anxiety and depression.
Adult-Age Autism Patient Concerns
Adults with severe cases of autism have several circumstances to concern themselves with when looking for final expense whole life insurance.
Power Of Attorney
Therefore, if the applicant’s autism is severe, requiring a power of attorney to sign, this may affect final expense whole life insurance eligibility.
There are circumstances where a power of attorney (POA) is allowable with certain carriers if the applicant with autism is deemed not to have the capacity to make legal decisions.
If you like what you’ve read above and are interested in learning about what you could qualify for in terms of life insurance, consider calling one of our life insurance experts today at (888) 626-0439. They are waiting to help you now!
We also have a messaging system. It is located on the left and bottom sides of the screen. To message us, fill out and submit one of those forms. Then, once we read your inquiry, we will get back to you in 24 business hours with the information you requested.
Burial Insurance Rates, Age 40 to 90*
Rates For $5,000 In Burial Insurance
Rates For $10,000 In Burial Insurance
Rates For $15,000 In Burial Insurance
Rates For $20,000 In Burial Insurance
Rates For $25,000 In Burial Insurance
*Burial insurance premiums are subject to underwriting, based on rates as of 8/20/2018, from state-regulated life insurance companies offering final expense burial whole life insurance protection. Understand that in order to potentially qualify, you must submit an application to see if you’re eligible. Rates are subject to change. Give Buy Life Insurance For Burial a call at 888-626-0439 now to see what program you may qualify for.
Story From The Field
This story is about a couple that I met early in my career. We can call them the Scotts. They were in their 50s, and both Mr. and Mrs. Scott were retired.
Mr. Scott already had life insurance coverage, but he realized that Mrs. Scott didn’t have anything. He knew that they were getting older, and it was time to consider what they would do to take care of their final expense.
I met with them, and I did the health analysis for her. She was in great health, and we shopped around to get her the best deal on a burial insurance policy. I’m happy to say that we were able to qualify her for first day full coverage with a great life insurance company.
It was a great day, and I knew I helped them. About three years later, it turned out that Mrs. Scott had developed cancer. I found this out when her husband filed a death claim for her.
I was so sad for him, and the only silver lining was that he had taken out this burial insurance plan for her. This way, he was able to give her the funeral that she deserved. He was able to take care of her final expenses, and he didn’t need to go into debt to do so.
When I last spoke with him, he said something that I always carry with me. Mr. Scott told me, “Thank you so much for this help. I really appreciate everything that you did.”
Remember, this happened early in my career, and it was one of those moments that changed my life forever. It made me take pride in the work that I was doing. Knowing that I had helped him in such a hard time was a great feeling, and I made it my goal to always help people to the best of my ability.
I wanted to share this story because it highlights one of the main things that we here at Buy Life Insurance for Burial strive for. We want to make sure we get our clients the best quality coverage at a price that they can afford.
We want to make their lives easier, and we can do that because we are a broker. We can shop around all the life insurance companies that we are partnered with to make sure that we find you a policy that meets exactly what you need.
Our job is to bring you peace of mind and security. And, once it is time to use the policy, our job is to make sure that your loved ones are taken care of after you are gone.
Let Me Help!
I work with folks across the country and have significant experience in helping out those looking for coverage on their loved ones diagnosed with autism.
Please call me at 888-626-0439, send me a chat request below, or submit a message to the left. That way, I can learn more about your specific circumstances and direct you on what final expense whole life insurance options are best to consider.
We truly hope that this article on final expense whole life insurance was beneficial to you.
If you find yourself in a situation where you or a loved one wants to apply for final expense whole life insurance with Autism, know that we are here to help you.
Let me recommend that you get in touch with us today. The first step of the process is quite simple, and it takes less than 10 minutes.
Give us a call at (888) 626-0439 to speak with one of our Buy Life Insurance for Burial experts. They will explain how the program would work for you and give you an idea of the premiums you would pay.
If you prefer to find out your free quotes via message, feel free to fill out the form on the left or bottom sides of the screen. Tell us what you are looking for and the best way to contact you.
We will review your message and reach out to you within 24 business hours to provide you with the answers you were looking for.
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