If you have developed a disability due to a motor vehicle accident or an illness, you may begin to worry about how to provide for your family. One of those concerns could involve your ability to get life insurance in Colorado Springs, CO. Having a disability doesn’t automatically disqualify you from buying a life insurance policy, but there are additional factors to consider. A Westco Insurance LLC agent can help guide you through the process.
Disability Severity and Type Matter
While having a disability doesn’t automatically disqualify you from obtaining life insurance, the type and severity of your disability will impact how easily you can get a policy. You will have an easier time finding coverage if your disability doesn’t affect your life expectancy. Conditions such as blindness or hearing loss generally don’t affect your ability to get coverage. However, underwriters may still consider your condition a risk, which could lead to higher premiums. Being honest about your disability and how it affects your life is crucial. Failure to disclose such information can result in policy termination or denial of benefits.
Weigh Your Options
Even if your disability impacts your life expectancy, you can still get coverage, but your options may be limited. One option involves completing a pre-sale application form where you explain your disability and detail your medical history. This document can help you determine which insurers are willing to issue coverage. If you can’t get traditional insurance, consider guaranteed-issuance life insurance or burial policies, which don’t require medical exams.
Working with an agent experienced in finding such policies can help you secure the best life insurance policy for your circumstances. To learn more about life insurance coverage for disabled individuals, contact Westco Insurance LLC, serving residents of Colorado Springs, CO. Call today to get started.
