I’m Handicapped can I get life insurance?
There are a whole host of things that an insurance company takes into consideration when determining whether or not they will approve a person for life insurance. The candidate’s age, occupation, driving history and health are all included in the evaluation that is done before an insurance policy is issued.
So, then, what about life insurance for handicapped? The simple answer is it really depends on the type of handicap or disability that a person has. Insurance policies are given on a case-by-case basis and although 2 people may have the same health condition, other factors may make it possible for one to receive insurance but not the other. With that being said, the type of health condition, or in this case disability, that a person has could automatically make it more difficult for a person to be approved.
Say, for instance, a person has a stroke and later decides that they would like to take out a life insurance policy. Most insurance companies would likely look at your case and determine that your current condition makes you too high of a risk and that you will not be granted a policy. Or, some other insurance providers may still see you as a high risk but will offer you a policy for a high price. When it comes to life insurance for handicapped, no two cases will be the same.
Don’t be discouraged, however, if you have a disability and would like to take out an insurance policy. There are solutions out there and just because one insurance provider says no, it doesn’t mean that the next one won’t say yes. To learn more about your options with regards to life insurance for handicapped, contact an insurance agent. With their expert knowledge, they can point you in the direction of insurance companies who may be more sympathetic toward people in your condition. Learn about your options today.