jbm-logo

≡ Menu

Can I get life insurance with Parkinson’s disease?

Parkinsons disease and life insurance

When looking for coverage for someone who has Parkinson’s it is important to know what option are available. We work with the top final expense and burial insurance companies, offering both simplified issue and guaranteed issue life insurance.

Parkinson’s disease and life insurance

If you have Parkinson’s disease and you need life insurance than you must read this. There are three important questions you need to ask if you are applying for life insurance with Parkinson’s disease, which are:

  1. Can I get life insurance if I have Parkinson’s disease?
  2. What will life insurance cost with Parkinson’s disease?
  3. What is the process for getting approved for life insurance with Parkinson’s disease?

Let’s begin with a brief overview of Parkinson’s disease.

Parkinson’s disease (PD) is a disorder of the brain. Parkinson’s occurs when neurons malfunction and die. These neurons send messages to parts of the brain that help with movement and coordination. As Parkinson’s gets worse, it becomes more and more difficult to control movement normally.

Can I get life insurance with Parkinson’s disease?

The quick answer is, YES.

Ultimately, approval will depend on the type and severity of the Parkinson’s, age of diagnosis, how well it is being controlled and for how long. Please note that the majority of clients with Parkinson’s disease will only qualify for guaranteed issue life insurance. One of the better options available is Gerber Guaranteed Life Insurance. However, there may be other options available to you.

If you have a non progressive, best case form of Parkinson’s, than you can qualify for life insurance at a table B or C (table 2 or 3). The older you were when first diagnosed, the greater your chance of being approved.

If you have a slowly progressive form of Parkinson’s than you may qualify for life insurance at a table D through H. Once again, age of diagnosis is a hugely important factor. The older you were when diagnosed the better rate class a life insurance company will consider you for.

If you have an aggressive form of Parkinson’s then you would want to consider guaranteed issue life insurance where there is no exam and no health questions.

What is the cost of life insurance with Parkinson’s disease?

Life insurance companies have about 16 different rate classes. What rate class you qualify for will also determine your cost.

Qualifying for life insurance with Parkinson’s is not easy. Your premiums will be elevated in comparison to someone who does not have the disease. Please give JustBuryMe a call for an accurate quote.  If you have an aggressive form of Parkinson’s then you would want to consider final expense or burial life insurance where there is no exam and no health questions. 90% of our clients with Parkinson’s disease fall into this category.

What is the process of getting approved for life insurance with Parkinson’s disease?

There are a few different creative life insurance solutions available for clients with Parkinson’s disease. You may qualify for term, whole and universal life insurance with Parkinson’s disease. The key is finding the most Parkinson’s disease friendly life insurance company.

For clients with a more aggressive form of Parkinson’s, a guaranteed issue policy is probably the best choice. This policy requires no medical exam and no health questions. You can usually be insured within 72 hours. The typical face amount for this policy is between $5,000 to $25,000. You can read more by checking out our article about final expense life insurance.

For mild and early onset Parkinson’s disease clients, a fully underwritten life insurance policy for either term or whole life insurance might be a possibility. This is typically only available for about 10% of the clients we speak with that are battling Parkinson’s disease. However, we are more than happy to try to get our clients the best life insurance with Parkinson’s disease. But please consider guaranteed issue life insurance if you are declined due to the condition. At JustBuryMe, we work with the best final expense insurance companies and can find the right fit for you or a loved one.

So what are you waiting for? Just give us a call to see just what we can do for you!

{ 0 comments… add one }

Leave a Comment