Life Insurance with Autism in Canada

If you have autism, you can still get a great life insurance policy

13 minute read
Originally published: December 19, 2022

Life insurance with autism in Canada

Life Insurance with Autism in Canada

If you have autism, you can still get a great life insurance policy

13 minute read
Originally published:
December 19, 2022

Life insurance with autism in Canada

Autism is a common developmental disability which affects many Canadians. Autism Spectrum Disorder (ASD), which includes Autistic Disorder, Asperger’s Syndrome, and Pervasive Development Disorder Not Otherwise Specified (PDDNOS). As this is a spectrum disorder, individuals affected by autism may present with varying levels of severity, from very severe to mild. If you are reading this, you might be asking yourself “Can I get life insurance with autism,” well luckily, the answer is yes! Life insurance is readily available for people who have ASD, and this blog will be looking into life insurance with autism, what life insurance companies look into when insuring someone with ASD, types of life insurance for people with autism and more. 

Can I Get Life Insurance with Autism?

If you are diagnosed with autism, you might be wondering if you can get life insurance coverage. The answer is yes, you can get life insurance with autism! You are eligible for life insurance even if you have autism. You can choose from a variety of plans, including term and permanent life insurance, simplified life insurance, and no-medical/guaranteed issue life insurance. Prices are affordable, and if you opt for a fully underwritten life insurance plan, you’ll need to answer both medical and autism-specific questions, or if you don’t want to discuss your medical history, you can opt for a guaranteed issue life insurance policy or a simplified policy.

Can I get life insurance if I have Autism? yes you can get life insurance with autism

Yes, you can get life insurance even if you have autism spectrum disorder (ASD). Since there are a wide variety of different plans available to those with autism, it is important to reach out to a life insurance specialist who can help you find the best policy for your personal circumstances.

In this article: 

  • What is Autism Spectrum Disorder (ASD)?
  • Subtypes of Autism
  • How does Autism Affect Life Insurance Coverage
  • What Life Insurance Companies Look for When You Apply with Autism
  • Best Life Insurance Policies if You Have Autism
  • The Cost of Life Insurance with Autism
  • What Happens If You Get Diagnosed with Autism While Already Insured
  • Frequently Asked Questions (FAQs) about Life Insurance with Autism

What is Autism Spectrum Disorder (ASD)?

Autism spectrum disorder (ASD) is a neurodevelopment disorder that affects communication and behaviour. It is characterized by difficulty with social interaction, repetitive behaviours, and difficulty with verbal and nonverbal communication. People with ASD may also have a narrow range of interests and may be sensitive to certain sensory stimuli. ASD can range from mild to severe and can be present from early childhood. It is a spectrum disorder, meaning that people with ASD can have a wide range of symptoms and severity.

There is no known single cause of ASD, and it is thought to be caused by a combination of genetic and environmental factors. There is no cure for ASD, but early intervention and treatment can improve outcomes for individuals with the disorder. Treatment may include speech therapy, occupational therapy, and behavioural therapy, as well as medications to manage associated symptoms such as anxiety or depression.

Subtypes of Autism

There are several subtypes of autism spectrum disorder (ASD), including:

  • Autistic disorder: This is the most severe form of ASD and is characterized by significant impairments in communication and social interaction, as well as repetitive behaviours and interests.
  • Asperger syndrome: This subtype is characterized by difficulty with social interaction and communication, but without significant delays in language development or cognitive functioning.
  • Pervasive developmental disorder not otherwise specified (PDD-NOS): This subtype is characterized by symptoms of ASD that do not meet the criteria for autistic disorder or Asperger syndrome.
  • Childhood disintegrative disorder: This subtype is characterized by normal development in the first two to four years of life, followed by a loss of social and communication skills and the development of repetitive behaviours and interests.

Note that these subtypes are no longer recognized in the medical community, and all forms of ASD are now just referred to as autism spectrum disorder. The severity of ASD can vary widely among individuals, and treatment should be tailored to the specific needs of each person with ASD.

How does Autism Affect Life Insurance Coverage

The impact of autism on life insurance coverage may vary depending on the specific policy and the insurance company. Some life insurance companies may consider an individual with autism to be a higher risk for life insurance coverage and may charge higher premiums or exclude coverage for certain conditions related to autism. Other insurance companies may be more willing to provide coverage, but may require additional medical information or may exclude coverage for certain conditions related to autism.

It is important to keep in mind that each insurance company has its own underwriting guidelines and policies, and the coverage offered can vary significantly. It is highly recommended that you speak with our life insurance agents who can provide more information about the options available for life insurance coverage for your autism. They can help you understand the specific terms and exclusions of different policies, and assist you in finding a policy that meets your needs and budget.

What Life Insurance Companies Look for When You Apply with Autism

When applying for life insurance with autism, life insurance companies will generally consider a variety of factors to assess the risk of insuring you and to determine the premiums they will charge you for coverage. Some of the factors that insurance companies may consider when evaluating a life insurance application from an individual with autism include:

  • The severity of the autism: Life insurance companies may consider the severity of the autism when determining the risk of insuring an individual. For example, an individual with mild autism may be considered a lower risk than someone with more severe autism.
  • The age of diagnosis: Insurance companies may consider the age at which the individual was diagnosed with autism. For example, an individual who was diagnosed with autism at a young age may be considered a lower risk than someone who was diagnosed later in life.
  • The individual’s overall health: It is standard for life insurance companies to typically consider the overall health of the individual, including any other medical conditions or disabilities they may have.
  • The individual’s functional level: Life insurance companies may consider the individual’s functional level, including their ability to communicate, care for themselves, and participate in activities of daily living. This is quite specific to autism in the sense that they want to find out your autonomy levels.
  • The individual’s treatment and management: Life insurance companies may consider the individual’s treatment and management for autism, including any therapies, medications, or other interventions they may be using.
  • Other risks associated with autism: are you at risk of Asperger’s or a high functioning person with autism, are you well adjusted to your diagnosis, are an accident risk due to your autism.
  • They will also require some information on the physician that has your medical file.

It is important to keep in mind that each life insurance company has its own underwriting guidelines and policies, and the coverage offered can vary significantly.

Best Life Insurance Policies if You Have Autism

Yes, people with autism can get a fully underwritten term or permanent life insurance policy. There are many different life insurance options for people with autism and the best being a fully underwritten policy, but if they want to avoid the medical examinations, they can even opt for guaranteed life insurance or simplified life insurance. Let’s continue our blog about life insurance with autism with a bit of information about the types of life insurance: 

  • Term life insurance is a type of life insurance that provides coverage for a specific period of time, or “term.” If the insured individual dies during the term of the policy, the beneficiary will receive a death benefit. If the insured individual does not die during the term of the policy, the policy will expire and no death benefit will be paid. Term life insurance policies are typically less expensive than permanent life insurance policies and are often used to provide temporary coverage, such as to cover a mortgage or to provide income for a family during a specific period of time.
  • Permanent life insurance is a type of life insurance that provides coverage for the entire life of the insured individual. As long as the premiums are paid, the policy will remain in force and the beneficiary will receive a death benefit when the insured individual dies. Permanent life insurance policies may also have a savings component, which allows the policyholder to build cash value over time. Permanent life insurance policies are typically more expensive than term life insurance policies, but may provide additional benefits, such as the ability to borrow against the cash value of the policy.
  • Guaranteed life insurance is a type of life insurance that is designed for individuals who may have difficulty obtaining coverage due to their age or health. These policies may have less strict underwriting guidelines and may not require a medical examination to qualify. However, guaranteed life insurance policies may have higher premiums and may have less favorable terms than traditional life insurance policies.
  • Simplified life insurance is a type of life insurance that is designed to be easier to understand and to obtain. These policies may have simplified underwriting guidelines and may not require a medical examination to qualify. However, simplified life insurance policies may have lower death benefits and may have higher premiums than traditional life insurance policies.

So, the best life insurance for people with autism on average would be a fully underwritten term life insurance policy because it has the lowest premium rates, highest coverage, and most flexibility. This might not be ideal for everyone though because it will require a medical exam, to opt out of the medical exam your best bet would be a simplified life insurance policy or a guaranteed issue life insurance policy.

Cost of Life Insurance With Autism

The cost of life insurance with autism may vary depending on a variety of factors, including the severity of the autism, the age of diagnosis, the individual’s overall health, the functional level of the individual, and the treatment and management of the autism.

In general, the cost of life insurance may be higher for individuals with autism compared to individuals without autism, due to the additional risk that the insurance company is taking on. However, the exact cost will depend on the specific policy and the insurance company. In many cases actually, if you have autism and are high-functioning, had treatments and medications, or if you are not an accident risk and have full autonomy over yourself, you can have a standard rating, which means you would pay the same price as anyone depending on if you are in good health and don’t have any major health conditions aside from your autism. To understand how low the price of life insurance can be with a standard rating, consider this, a 35 year old male who does not smoke, looking for $250,000 in coverage has rates starting at: $19/month and for a female who is not a smoker, 35 years old, looking for $250,000 in coverage has rates starting at as low as $15/month. To find out how much life insurance costs for you and your personal circumstances, contact our team of life insurance brokers or get a quick quote

Life insurance rating with autism, cost of life insurance with autism

What Happens If You Get Diagnosed with Autism While Already Insured

In general, it is important to disclose any new medical conditions to your insurance company, as failure to do so could result in the denial of a claim or the cancellation of your policy.

If you have a term life insurance policy, the diagnosis of autism won’t affect your current coverage, as term life insurance policies typically do not have any exclusions for specific medical conditions. However, if you have a permanent life insurance policy, the diagnosis of autism may affect your coverage if it is considered a preexisting condition that was not disclosed at the time the policy was issued. In this case, the insurance company may deny coverage for any conditions related to autism or may exclude coverage for these conditions in the policy.

Frequently Asked Questions (FAQs) about Life Insurance with Autism

 

Yes, you can get life insurance with autism. There are plenty of life insurance companies out there that will provide you with life insurance coverage if you have autism. 

Yes, you can get life insurance with asperger syndrome as it related to autism spectrum disorder. There are plenty of life insurance companies out there that will provide you with life insurance coverage if you have aspergers, just contact our life insurance brokers and we can take a look at your life insurance options. 

The cost of life insurance with autism is very affordable indeed, so long as you are high-functioning, have autonomy over your daily activities, and if you are someone who is not an accident risk, then you can get standard rates.

These are a couple of things that fully underwritten life insurance policies will look into when you’re applying for life insurance with autism:

  • Age
  • Gender
  • Smoking status 
  • Health history 
  • Family health history 
  • Age of diagnosis
  • Severity of autism 
  • Any risks associated with your autism
  • Treatments or medications for you autism

Term life insurance is a type of life insurance that provides coverage for a specific period of time, known as the term. If the insured person dies during the term, the insurance company pays a death benefit to the designated beneficiary. If the insured person does not die during the term, the policy does not pay a benefit and the coverage ends at the end of the term.

Term life insurance is generally less expensive than other types of life insurance, such as whole life insurance, because it does not have a cash value component. Term life insurance can be a good option for people who need temporary coverage, such as young families with young children or people who are taking on a large financial obligation, such as a mortgage, that they want to protect in case of their unexpected death.

Life insurance that lasts for your entire life of the insured is known as permanent life insurance. By paying the premiums, the policy is kept in effect and the beneficiary is paid out upon the death of the insured. These policies may also have an investment aspect, where the policyholder can build up cash value over time. Permanent insurance may be more costly than term insurance, but it can provide additional advantages such as borrowing against the cash value.

Simplified life insurance is created to make the process of understanding and obtaining life insurance easier. It typically has relaxed underwriting requirements and may not require a medical exam for eligibility. Though, the death benefit may not be as beneficial as with a standard policy and the premium may be higher.

Guaranteed life insurance is a type of policy that provides coverage to individuals who may be unable to secure traditional coverage due to their age or health. These policies typically have less demanding requirements for eligibility, often forgoing the need for a medical exam. Nevertheless, the premiums for such policies are likely to be higher and the terms may not be as advantageous as traditional life insurance policies.

Finding the right life insurance policy for you

If you are someone who is interested in getting life insurance, but if you’re not sure where to start, talk to a professional life insurance advisor. At Protect Your Wealth, we work with and compare policies and quotes from the best life insurance companies in Canada to ensure the best solution for you and your needs. We provide expert life insurance solutions, including no medical life insurance, critical illness insurance, term life insurance, and permanent life insurance to build the best package to give you the protection you need. 

To schedule a consultation about your income protection goals, or if you have any questions about insurance in Ontario or Canada, please contact Protect Your Wealth or call us at 1-877-654-6119 to talk to an advisor today! We’re proudly based out of Hamilton, and service clients anywhere in Ontario, British Columbia, and Alberta, including areas such as Kitchener, Calgary, Lethbridge, and Burnaby.

Talk to an advisor today.

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