Critical Illness Cover & Income Protection Insurance For Parkinson’s Disease

happy older couple photoThose who suffer with Parkinson’s Disease have the ability to consider purchasing a life insurance policy for the same reasons any other person would consider purchasing one.

Protecting their family from the high cost of funeral expenses, mortgage payments, and other general bills are all important factors to consider when thinking about purchasing this type of financial protection.

While having Parkinson’s Disease does not necessarily mean the person’s life will be shorter, it does drive home the point of how fragile and unpredictable life can be for anyone.

Even though those who have Parkinson’s Disease have the ability to apply for and be approved for a life insurance policy, it is very likely they will pay a higher premium payment than those policy seekers who are in perfect health.

The increase in monthly payments these individuals will see is very much dependent on the insurance provider in which they choose, the amount of benefit they apply for, how long they wish to have the policy cover their family, and the severity of their condition overall.

How Parkinson’s Disease Can Effect Someone’s Lifestyle

While it is possible to have a relatively normal life with Parkinson’s Disease, it is also a condition that cannot be ignored with symptoms that are a constant reminder the condition exists. Even if tremors are not outwardly visible, the person suffering with the condition will be constantly aware of the internal tremors they deal with each day.

With the right medical treatment and medications, however, it is possible for someone with this condition to live a full and normal life.

Those who suffer with Parkinson’s Disease will show a number of different symptoms including appearing disorientated, slurred speech, and stumbling when walking. Many of these symptoms can be monitored and controlled when medication is dispensed correctly and taken as prescribed as well as adjusted as the person’s condition progresses.

There are a number of problems those with Parkinson’s Disease suffer on a regular basis, which can include but are not limited to:

  • Seizing joints (rigidity)
  • Slow movements (bradykinesia)
  • Sleep apnea
  • Extreme fatigue
  • Loss of facial expressions
  • Struggle swallowing
  • Depression
  • Extreme compulsive behavior
  • Nausea
  • Fine motor skill problems
  • Loss of smell (anosmia)
  • Continence problems

With the use of medication, it is possible to control many of these symptoms, but often those who have Parkinson’s Disease have to adjust their lives around taking these medications. Often times, they will need to take cycles of medications throughout the day, sometimes up to four cycles a day, and leading a normal life and scheduling around taking these medications can often be more difficult than it seems.

Information on Critical Illness Cover for Parkinson’s Disease

Although those who are suffering with Parkinson’s Disease are able to get life insurance coverage, even if it is at a higher price, there are currently no insurance providers offering critical illness cover for these same individuals.

Since those with Parkinson’s Disease are much more likely to develop other serious medical conditions that can be linked back to their pre-existing condition, the risk of them having to make a claim is simply too high for insurance providers to offer critical illness coverage.

Information on Income Protection Insurance for Parkinson’s Disease

Just like critical illness cover, there are currently no insurance providers who offer income protection insurance policies for those who have Parkinson’s Disease.

While some may be eligible for an Accident, Sickness, and Unemployment insurance policy through some providers, it is very unlikely that they will be able to make a successful claim for anything that is related to their Parkinson’s Disease diagnosis.

It is recommended that individuals speak to a knowledgeable insurance advisor like those at Claybrooke so they can have a better understanding of what is and is not covered under these types of policies.