Many people include life insurance in their financial planning. Some people with bleeding disorders have trouble finding life insurance. Companies are reluctant to insure someone with a chronic health problem. However it is possible for most people with VWD or a platelet disorder to find life insurance.
Here are some guidelines for seeking coverage:
- You should buy life insurance as soon as you can afford it. The younger you are when you buy it, the less it will cost.
- You should think about buying the most insurance you can afford.
- Your spouse's employer may offer options to purchase life insurance. Parents may be able to get life insurance for a child through their employers.
- Some national service and professional organizations offer life insurance to their members. The dues to join are often worth the benefit of getting the coverage.
- Local and state school systems may offer life insurance programs to students.
- Other people with bleeding disorders or long-term health problems may be good sources of information. Friends and relatives are often willing to share names of their companies.
- The local hemophilia organization or HTC may have up-to-date information on insurance matters.
- Insurance agents, often those who work with large companies, can help explain insurance options. The best agent is one who shows a commitment to helping his or her client find coverage at a fair price. The agent should explain the different types of life insurance, such as whole life or term.