Individual Life Insurance

  • Available to anyone who can qualify medically
  • Available in two forms -- insurance coverage for the duration of your life, called permanent insurance, and insurance for a certain period of time, typically 10, 20, or 30 years, called term insurance. 
  • Buy term insurance if the need is temporary and permanent insurance if the need is permanent. 
  • So if you are covering your family during the childrearing years, term insurance is smarter and a fraction of the cost of permanent insurance. 
  • But if you're a 60-year-old caregiver desiring to provide your husband who has Parkinson's a level of ongoing care if you die, permanent insurance might be a better choice. 

 

  • If you have a spouse who is or will be a caregiver for you, buy more than the usual amount of life insurance on them --- enough to not only replace their income, but also enough to hire a caregiver for you. 
  • With long-term care costs nearing $100,000 per year, this means buying at least $500,000 additional life insurance coverage on the caregiver.
  • People with Parkinson’s in the early stages of their disease, can shop around and can usually find life insurance.
  • The rates will be quite a bit higher due to the shorter life expectancy of those with Parkinson’s, but at least the coverage is available.

Content for this section provided by Jack Hungelmann, who has had PD since 1996.

X
 

Sign Up for Resources on Living Well with PD

Get the latest on maintaining and improving your quality of life with Parkinson’s disease — straight to your inbox. Sign up for email updates now.

Please enter a valid email

Skip step



Invalid year format. Eg: 2020
Skip step
Skip step


*Please note that not all content is available in both languages. If you are interested in receiving Spanish communications, we recommend selecting “both" to stay best informed on the Foundation's work and the latest in PD news.

Skip step

Thanks for Signing Up

We are proud to have you as a part of our community. To ensure you receive the latest Parkinson’s news, research updates and more, please check your email for a message from us. If you do not see our email, it may be in your spam folder. Just mark as “not spam” and you should receive our emails as expected.

mail icon

Subscribe here to get the latest news on treatments, research and other updates.