Can A Quadriplegic Buy Life Insurance?

If so, which is the best company…………..

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    This is certainly not my specialty but I am relatively confident that a quadriplegic would be able to find life insurance.  There are agencies that specialize in unusual risks and you would be well served to locate one.  Peggy Mace is one of the contributors and that is her specialty, I believe.
    Answered on April 25, 2014
    flag this answer
  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    Great question! It will be very difficult to find life insurance, but not impossible. Your policy will will have restrictions on how much is paid out in the first few years, and will be a more expensive policy than someone in good health. That said, look for some companies that have Guaranteed issue policies, you will want to shop, as some will be more expensive than others. Kemper, Mutual of Omaha, United Home Life are a few of the companies that carry that kind of policy. If you would like more information, please feel free to contact me. Thanks for asking!
    Answered on April 25, 2014
    flag this answer
  3. 3998 POINTS
    Matt Benore
    Founder, DenverWest Insurance Professionals, Inc.,
    Yes, 
    A Quadriplegic Can Buy Life Insurance!
    I would need to know the age however there are guaranteed issue type policies which anyone can get the insurance.  You are limited to how much but you can get some, usually up to $35k.  Gerber is such a company if you are over 55 years of age.  Other companies may be able to provide coverage however I would also need more information such as the cause of, medications, any other complications.
    Answered on April 25, 2014
    flag this answer
  4. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    When ambulation and ADL's are concerned, there are two ways the life insurance companies determine eligibility. One is whether the person can walk and take care of himself without assistance, including a wheelchair. The other is whether the person can walk and take care of himself without assistance of another person. To my knowledge, persons with quadriplegia nearly always rely on another person for at least some of their daily routines. So they would be restricted to guaranteed life insurance, which has a minimum age requirement of 40+. However, it is good to know the criteria, as some disabled persons can get more coverage, and at a younger age, than guaranteed issue policies offer.
    Answered on April 28, 2014
    flag this answer
  5. 375 POINTS
    Matthew Schmidt
    Diabetes Life Insurance Solutions, USA
    Depending on the overall health, and the abilities of a person to be able to complete the ADL's, a couple of companies may consider a day one immediate death benefit. However, these will be lower Face Amounts. ( $10K to $25K) If they don't qualify for those type of plans, then they will have to look for Guaranteed Issued options.
    Answered on March 31, 2017
    flag this answer
    6. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>