If you’re living with a disability in Charlotte or Waxhaw, NC, you might be wondering if you can purchase a life insurance policy. Disabilities vary widely, and some are not immediately apparent. While finding an insurance provider that caters to those with disabilities may be more challenging, it’s certainly not impossible. Hausmann Insurance & Financial Services can assist you in choosing a suitable life insurance policy.
What Constitutes a Disability?
Disabilities are physical, cognitive, or mental conditions that hinder individuals’ ability to interact with others or participate in certain activities. Common disabilities include:
- Vision and hearing impairments
- Post-traumatic stress disorder (PTSD)
- Cognitive issues affecting thinking or memory
- Missing limbs
- Traumatic brain injury (TBI)
- Down syndrome
If a life insurance policy is denied to someone solely based on their disability, it may violate the Americans with Disabilities Act.
Improving Your Chances of Getting a Policy
If you’re in good health apart from having a disability, you should be able to obtain a life insurance policy. Insurance carriers consider other factors such as age, gender, health history, lifestyle, and smoking status when determining your rates. However, you may pay higher premiums because having a disability can pose additional risks to your lifespan. To improve your chances of getting a policy and reduce your potential premium, take control of health factors within your reach. Maintaining a balanced diet and exercising to the best of your ability are two key factors. You can also submit medical records to your potential insurance company to demonstrate how you manage your disability.
Hausmann Insurance & Financial Services, serving residents in Charlotte and Waxhaw, NC, will work closely with you to find insurers that accommodate people with disabilities. Contact our office today to schedule an appointment.
