How To Get Life Insurance for a Child With Autism [2024]
Life insurance for an autistic child is much easier to get under a parent or caregiver's policy. Life insurance companies will allow you to add an autistic child as a rider. Autistic child life insurance is a high-risk life insurance option. High-risk life insurance can cost $200 per month or more. However, you can save money and buy life insurance for yourself with the autistic child as the beneficiary. Compare multiple companies and shop around for the best life insurance rates for an autistic child..
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Tim Bain
Founder & Life Insurance Agent
Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Founder & Life Insurance Agent
UPDATED: May 31, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: May 31, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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- Autistic child life insurance may be considered high-risk insurance.
- Whole life insurance is the best option for life insurance for autistic children.
- You can add an autistic child as a rider.
Life insurance for an autistic child is the same as getting life insurance on any other child. However, life insurance companies may treat the conditions of your life insurance policy differently.
Some life insurance companies consider special needs children as high-risk recipients. And high risk could mean higher life insurance premiums.
To prepare you for autistic child life insurance, we’ve created this article to guide you through what you can expect when you want to insure an autistic child.
Most of the information will point to permanent life insurance, which ensures the special needs child has the wealth to live on if you pass away.
For affordable life insurance for an autistic child, you can compare life insurance for an autistic child right now by entering your ZIP code in our FREE comparison tool.
Can a child with autism get life insurance?
Yes. Autism doesn’t disqualify anyone from life insurance. However, life insurance companies may consider an individual with autism a high risk to insure.
Each life insurance company is different, so you’ll have to shop around for life insurance companies who are familiar with insuring special needs individuals.
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What is autism?
According to the National Institute of Neurological Disorders and Stroke, autism is a neurodevelopmental disorder that involves repetitive and characteristic habits and challenges with social interaction. Individuals with autism also have a difficult time communicating.
Autism arises when the brain doesn’t develop properly in the early stages of development — specifically before two years old. Signs of autism begin to show around two to three years old.
How Life Insurance Companies Underwrite for Autistic Children
As the primary caregiver of an autistic child, you would have to present the child’s entire medical history to a life insurance agent. This is only if the life insurance company has agreed to give an autistic child an individual policy.
The most common method of how autistic children receive life insurance is through your permanent life insurance policy. You can add your autistic child as rider on your life insurance policy.
However, if you manage to get a life insurance policy for an autistic child, you may pay higher-than-average life insurance rates. These rates could be as high as $200 per month, depending on the autistic child’s spectrum and medication.
Read more: How To Get Life Insurance With Down Syndrome
What’s the process of buying a life insurance policy for an autistic child?
The life insurance process may take a few days. Waiting for life insurance can make you anxious if you’re under pressure to buy some. As you’re shopping for life insurance, think about these four steps:
- The first step to buying a life insurance policy is to contact the company and let them know you want life insurance for an autistic child.
- The life insurance company and its agents will ask you questions about the physical and mental health of the autistic child.
- Once the life insurance has completed its investigation, they will talk about the options they can provide.
- The ideal option to get life insurance after going through the first three steps.
If the autistic child can’t be insured through an individual policy, take out a life insurance policy on yourself, and add the autistic child as a rider.
Your life insurance quotes are always free.
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How can a parent’s life insurance help an autistic child’s future?
Term life insurance is an acceptable life insurance policy for those seeking cost-efficient ways to insure livelihoods. However, permanent life insurance holds a better investment option.
And if you have a child with autism, you must have something to leave behind or a sizable investment to deal with increasing costs.
In the next few sections, we’ll go over why permanent life insurance is better than term life insurance, how to get instant approval for life insurance, and other coverages that help debts after you’ve passed away.
Permanent Life Insurance vs. Term Life Insurance
If you’re looking to buy life insurance for an autistic child, you may be interested in the difference between permanent and term life insurance.
Let’s watch this news report on term vs. permanent life insurance before we move along.
https://youtu.be/cLUJV84LP3k
Term life insurance is cheaper than permanent life insurance (whole life insurance). It guarantees a payout 10 to 12 times of your current salary, and it ensures any heirs or spouses are taken care of once you’ve departed.
However, life insurance companies keep the money from your term life insurance policies after the policy expires. For the short-term, term life is an excellent idea.
To ensure your autistic child, spouse, or life partner has everything they need for the long term, get a permanent life insurance policy. You’ll get the same benefits as term life insurance, and you’ll be able to use your life insurance policy to pay off debts and assets while you’re living.
Final Expense Insurance
You can cover all your bases and purchase final expense insurance in addition to permanent life insurance. Final expense insurance will take care of burial costs and other debts after you’ve passed away.
If you leave a massive permanent life insurance policy behind, this life insurance policy should kick in and save part of permanent life insurance cash value.
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How to Get Instant Approval for Permanent Life Insurance
Although an autistic child can’t get instant approval, you can. This is why it’s much easier for the caretaker/parent to get life insurance and add an autistic child as a rider. Here are things you need for instant approval:
- Age
- Height and Weight
- Lifestyle Choices
- Medical History
Younger individuals get cheaper life insurance rates. If you share your medical history with the life insurance company, they can estimate your rates based on your health and lifestyle choices. Let’s review the average cost of life insurance by the best companies in the United States.
Insurance Company | Monthly Rates | A.M. Best Rating |
---|---|---|
Allstate | $15 | A+ |
AIG | $14 | A |
Banner Life | $9 | A+ |
Erie | $12 | A+ |
Bestow | $10 | A |
Guardian Life | $10 | A++ |
Haven Life | $11 | A++ |
John Hancock | $11 | A+ |
Liberty Mutual | $13 | A |
MassMutual | $10 | A++ |
MetLife | $14 | A |
Mutual of Omaha | $12 | A+ |
Nationwide | $13 | A+ |
New York Life | $11 | A++ |
Principal | $9 | A+ |
Protective | $9 | A+ |
Prudential | $16 | A+ |
State Farm | $15 | B |
USAA | $13 | A++ |
TransAmerica | $13 | A |
Maintaining a positive mental lifestyle and physical health could get you life insurance much faster. And it can mean cheap life insurance rates per month.
Case Studies: Life Insurance for Autistic Children
Case Study 1: The Rider Option
Sarah, a single parent, wants to ensure financial security for her autistic child, Emma. Sarah already has a life insurance policy and decides to add Emma as a rider. By adding Emma to her existing policy, Sarah can provide coverage specifically tailored to Emma’s needs. Emma’s high-risk status increases policy premium.
Case Study 2: Life Insurance for the Caregiver
Mark is the primary caregiver for his autistic son, Ethan. Mark explores the option of obtaining life insurance for himself, with Ethan named as the beneficiary. By securing a life insurance policy for himself, Mark ensures that Ethan will receive financial support in the event of his passing.
Case Study 3: Permanent Life Insurance
Linda and James have a young daughter, Mia, who has autism. They recognize the long-term financial needs Mia may have and decide to invest in permanent life insurance. Permanent life insurance offers both a life insurance benefit and a savings or investment component. They benefits and savings for Mia’s future.
Life Insurance for an Autistic Child: The Bottom Line
The way for an autistic child to receive life insurance is through the parent or caregiver. It’s not that life insurance companies can’t get an autistic child life insurance; it’s just less convenient to get life insurance for them.
The more healthy the policyholder is, the easier it is to get the life insurance policy you’re searching for. And the best life insurance policy in your position, if you have an autistic child, is permanent life insurance.
Take advantage of our FREE comparison tool and enter your ZIP code below to secure life insurance quotes for an autistic child. Which life insurance company for an autistic child is for you? Find out now.
Your life insurance quotes are always free.
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Frequently Asked Questions
Can a child with autism get life insurance?
Yes, but they may be considered high-risk and could have higher premiums. It’s best to shop around for life insurance companies familiar with insuring special needs individuals.
What is autism?
Autism is a neurodevelopmental disorder that affects social interaction and communication. It typically appears in early childhood.
How do life insurance companies underwrite for autistic children?
Autism can be covered under a parent or caregiver’s policy. You may need to provide the child’s medical history. It’s common to add the child as a rider to an existing policy.
How can a parent’s life insurance help an autistic child’s future?
Permanent life insurance is a good option as it provides a long-term investment and ensures financial support for the child’s needs.
How can a parent get instant approval for permanent life insurance?
Instant approval is not available for an autistic child but can be obtained for the parent/caretaker. Factors like age and health play a role in the approval process.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Tim Bain
Founder & Life Insurance Agent
Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Founder & Life Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.