02 Jul Life Insurance Seniors with Parkinson’s Disease
Seniors who have been diagnosed with Parkinson’s disease may consider applying for life insurance for the same reasons that others do: protecting your family against funeral expenses, mortgage repayments, and overall lifestyle maintenance are many such reasons that individuals with Parkinson’s buy life insurance.
Having a Parkinson’s diagnosis does not necessarily equate a shorter lifespan, but for many, it does indicate how vulnerable and uncertain life can be.
In the more advanced Parkinson’s Disease cases the insured would likely be better off going with a Guaranteed Issue policy. These policies only ask a selected number of health questions and there are no medical requirements. Most of the plans do not have a question related to PD. The one big caveat is the death benefit might be only limited to a return of premium plus interest in the first two policy years.
In addition to guaranteed issue policies, there are a few simplified issue policies that have loopholes for persons who are still able to care for themselves, despite suffering from mild to moderate dementia or Alzheimer’s disease. These policies may require a phone interview, and may not be graded, but pay 100% of the death benefit for death by any reason.
Non-Medical Life Insurance for Seniors with Parkinson’s Disease
Buying a life insurance policy often comes with quite a bit of paperwork, and one of those forms asks questions about your medical history. You have to fill out these forms if you want to qualify for the life insurance policy. However, some people aren’t going to qualify for these policies because of their medical history or condition, and this can jeopardize their family’s financial security in the event of their death. In this case you have the option of non medical life insurance that don’t require a medical exam.
An agent experienced in life insurance for Seniors with Parkinson’s Disease, and who also carries many different products to meet the needs of all types of applicants, can guide you through the choices so that you or your loved one get the lowest price, best features, and most desirable application process.
Please feel free to contact Mintco Financial tel 813 964 7100 or go to www.MintcoFinancial.com for a quick and free quote today.