28 December 2012 0 Comments

Life Insurance for Those with Parkinson’s Disease

life insurance parkinson's diseasePeople with Parkinson’s Disease might be eligible for life insurance with premiums anywhere from Standard to Uninsurable.  Standard premiums are possible for those with onset at age 61+ in the early stage of symptoms.  Those whose disease has progressed to severe stages including  incapacitation, complete loss of independence, or possible signs of dementia or depression—regardless of the age of onset—would be uninsurable at any premium.*  Those with an onset prior to age 61 in the early stages of the disease might qualify for very minimal table ratings.   As symptoms  move from early to mild to moderate the table ratings are likely to increase.

To determine the likely underwriting class, provide your agent with the following information:

  • Date of first diagnosis
  • Current symptoms
  • Current medications including quantity and frequency
  • Any adverse reactions to medications
  • Date and description of any corrective surgery
  • Are you independent (could live alone without assistance?)
  • Receiving any disability payments due to inability to work full time?
  • Describe any experimental treatment program in which involved
  • Include any information about life style and activity level that would assist the underwriter in visualizing a vibrant, involved person.

With the above information, plus any other medical history, height/weight, tobacco use, family history and adverse personal history or habits, the agent should be able to provide you with a close estimate of what premiums to expect.  Don’t proceed with a formal application for insurance until this information has been provided and the best insurance company has been identified for the particular history.

*Guaranteed  or simplified issue programs with graded death benefits and high premiums would likely be available.

Next, I’ll describe exactly what I mean by “table ratings” and “extra premium” and how these terms can be confusing—even misleading.

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