“Is it possible to purchase life insurance for a disabled person? I tried to purchase life insurance for my disabled son and he was turned down.”
— Jan L.
Yes, it is possible to get life insurance for a disabled person. However, as with all life insurance, the insured must go through the underwriting process and be approved for the insurance policy. Depending on the level of disability and the underlying health factors, a person can be declined for life insurance. I would recommend talking with an insurance agent that has the ability to apply to several different insurance companies for coverage.
As estate planning attorneys, Dave and I do not sell life insurance nor are we licensed to do so. However, we do maintain relationships with insurance agents that we trust and respect. We encourage all of our clients to call us for recommendations on insurance agents, financial planners, and CPAs/accountants.
For more information about life insurance and estate planning, check out these articles that discuss the topic HERE. For more general information about estate planning basics, check out one of our free workshops.