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Life Insurance with Autism
Autism (ASD) is as a neurodevelopment disorder. Patients who are considered autistic tend to exhibit repetitive behaviors and trouble with social interaction.
Patients may also exhibit restricted or repetitive behavior that typically manifests itself prior to the age of two.
Autism affects the way information is processed in the brain by altering how nerve cells and their synapses connect, how this occurs is still largely unknown.
If your considering life insurance for your child you should make the decision while they are still young. If you can get coverage before your child is diagnosed with autism or some other serious health concern, then your child will have access to every company and policy available. Therefore, you should consider a properly designed whole life insurance policy as the best type of coverage for your child, since it comes with many guarantees, including a guaranteed death benefit.
If you or your child has been diagnosed with Autism it is still possible to qualify for the more conventional types of life insurance policies. However, in most cases, burial life insurance and accidental death will be the best option.
At TermLife2Go we specialize in placing those hard to place high risk life insurance applications, which is why we will exhaust every available option to first secure a fully underwritten term or whole life policy first.
In our experiences, we have found that it is often the family members of those suffering from Autism that are looking to secure a life insurance policy for their loved one. In these cases, the family isn’t necessarily looking for a policy to protect young children, replace lost income or cover the cost of a mortgage rather they just want something in place that would cover final expenses.
In these cases, choosing from among the best final expense and burial insurance companies, that don’t require a medical exam or even ask any medical questions, can be a great fit. These policies can be taken out by the family for their loved ones so that when the end comes, there will be some financial assistance in place.
Guaranteed issue life insurance policies, will typically be limited to less than $25,000 in coverage and will have some unique features to them that are not typically found in more traditional fully underwritten policies.
Features that you will want to avoid that are common in many commonly advertised guaranteed issue life insurance policies today include:
- Increasing premium payments throughout the policy.
- Policy termination at age 80.
- 3 year “Graded Death Benefit”
For this reason it is important to speak with a professional life insurance agent that will have several different guaranteed issue life insurance policy options to choose from before applying.