Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Sep 28, 2021

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The Facts of Life

  • It is possible to obtain a life insurance policy for a disabled child
  • Usually, it is for the best that the parent procure a policy and claim their child as the beneficiary
  • A child rider can be added to an existing policy to assist with funeral expenses

How can you find the best life insurance company that offers life insurance for disabled children or life insurance for a child with Down syndrome? We will cover all the details, but it can be a complex process.

Keep reading to learn which companies offer insurance for disabled children, how much you can expect to pay in life insurance rates for disable children, and whether or not this is like purchasing life insurance for young adults.

Read to search for an affordable life insurance company that offers life insurance for disabled children? Type your ZIP code into our free and helpful tool above. With it, you’ll be able to find the cheapest life insurance quotes from companies near you.

Which is the best life insurance company that offers life insurance for disabled children?

Is purchasing life insurance for the disabled child in your family like buying insurance for a young adult? Unfortunately not, as young adults tend to be seen as low-risk in the health insurance industry.

A special needs child, however, is seen as a higher risk. It’s situationally dependent on health and accident history, as well as which provider you choose, but it’s for the best that an adult takes out a policy and makes the child a beneficiary.

So, what’s the best company to choose? A great place to start when it comes to finding a reputable company is A.M. Best. This company determines a company’s financial strength and how if it can pay out claims now and into the future.

A.M. Best Ratings of the Best Life Insurance Companies
CompaniesA.M. Best Rating
Banner LifeA+
Guardian LifeA++
Haven LifeA++
John HancockA+
Mutual of OmahaA+
New York LifeA++
Northwestern MutualA++
Pacific LifeA+
State FarmA++
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As you can see, there are quite a few companies that hold A.M. Best’s highest rating: “A++.” In short, you have options to procure insurance from a reputable company.

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How do I choose the best life insurance company for disabled children?

It is of the utmost importance to always compare rates from at least three companies before you buy life insurance for disabled children. But what are you looking for?

Parents or guardians of special needs children should be looking at two types of life insurance policies. First is a policy that covers you. Then, as the parent, you can make your special needs child the beneficiary. This will provide for your child after you have died.

The second type is a policy that insures your child and you make yourself the beneficiary. This type of policy exists but is far less common than the former type.

What’s the appeal of the second type? It ensures your child will be financially taken care of no matter what happens. It’s their policy, in effect.

However, children with disabilities don’t typically need to have their own life insurance policy. It’s for the best that parents or guardians of children with disabilities just make them the beneficiary of a term policy.

A parent or guardian could also add a child rider to their existing policy. Should the young man or woman pass away, the rider will assist in covering funeral costs.

How much are term life insurance rates for disabled children?

Are there life insurance companies that don’t offer life insurance for disabled children? It’s situationally dependent (as are all insurance policy acceptances or rejections), but there would need to be another factor.

A life insurance company, even a major one, is almost certainly not going to prevent you from procuring coverage solely because you have a child with special needs. The child would have to be seen as particularly risky.

Let’s take a look and see what term life insurance rates you can expect to pay as a parent. The first table shows the rates for a 20-year policy for an adult male:

Term Life Insurance Quotes For Parents: Males
55 $21.74$29.93$63.43$118.41
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Now, let’s see how these rates compare to those offered to women:

Term Life Insurance Quotes For Parents: Females
40 $7.42$10.33$15.44$25.25
45 $9.18$12.78$22.75$38.47
50 $12.28$16.45$30.90$54.87
55 $17.59$22.49$47.03$85.49
65 $46.81$62.04$135.95$255.63
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As you can see, women tend to pay less for life insurance than men. The disparity increases as the insured get older. It would perhaps be best, if possible, that the child’s mother is the one who purchases a policy.

Now that you know how to find the best life insurance company that offers life insurance for disabled children, type your ZIP code into our free and helpful tool below to compare quotes for life insurance for a child from local companies near you.