bs-preloader__icon
ru kz en

Life insurance for the disabled

The main purpose of universal life insurance is to provide for the policyholder’s family after his death. However, purchase of such financial products can be a challenge for people with disabilities, writes Investopedia.
Life insurance for the disabled

Life insurance companies always examine the medical records of prospective clients. As with any insurance policy, the higher the risk, the higher the cost: the more severe the disability, the higher the premiums and fewer options.  However, some disabilities, such as blindness or deafness, have little effect on life expectancy.

Having a job usually counts in favor of the applicant. LICs consider stable employment as a general indicator of health. Permanent employment also means regular income, which guarantees regular payments.

Smoking, drinking alcohol and drug use (including marijuana) increase the insurance policy cost.

Source: https://www.investopedia.com/life-insurance-disabled-people-5220199

Photos are from open sources.

Share
read also
Canadian life insurer Sun Life sells its UK business
Canadian life insurer Sun Life sells its UK business

Sun Life has completed the sale of Sun Life UK to the Phoenix Group, which is the UK'...

Memory for compulsory insurance of employees against accidents
Memory for compulsory insurance of employees against accidents

Compulsory insurance agreement of an employee...

Why UL is a good investment option
Why UL is a good investment option

Investment life insurance or UL (Unit Linked) is a safe investment. The product is su...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application