Life Insurance for Dialysis Patients (Discounts & Rates)
When it comes to life insurance for dialysis patients, you will not qualify for a traditional or no-medical exam term policy because the treatments indicate that you have a pre-existing high-risk condition. However, dialysis patients can purchase a whole guaranteed issue life insurance policy with rates starting at $474 per month. If you eventually receive a kidney transplant, no longer need treatments, and maintain stable health for three years, you may qualify for traditional life insurance.
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UPDATED: Jun 1, 2022
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- Traditional life insurance for dialysis patients is nearly impossible to secure
- Dialysis patients can purchase whole guaranteed issue life insurance; rates start around $474 per month
- Successful kidney transplant recipients who stop treatments and maintain stable health for three years might qualify for traditional life insurance
Securing life insurance for dialysis patients is a challenge. Dialysis treatments indicate you have a pre-existing high-risk condition. You will not qualify for traditional or no-medical exam term life insurance.
Below, discover what life insurance options are available to dialysis patients and how much coverage might cost you.
Compare life insurance quotes for dialysis patients for free by entering your ZIP code into our free rate tool above.
What are the best life insurance policies for dialysis patients?
You will not find traditional life insurance rates as a patient needing kidney dialysis treatment. You’ll also struggle to qualify for no medical exam term life insurance.
Some pre-existing medical conditions lead to denial of life insurance coverage. What health conditions affect life insurance? Dialysis treatments, Alzheimer’s, and terminal illnesses.
The best option is a guaranteed issue whole life insurance policy. Unfortunately, this type of coverage can be expensive.
The table below compares the average monthly rates for a guaranteed issue whole life insurance policy from State Farm with differing death benefit amounts, organized by age and gender.
|Age||$100,000 Policy Average Monthly Rates (Female)||$100,000 Policy Average Monthly Rates (Male)||$250,000 Policy Average Monthly Rates (Female)||$250,000 Policy Average Monthly Rates (Male)||$500,000 Policy Average Monthly Rates (Female)||$500,000 Policy Average Monthly Rates (Male)|
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According to the American Association of Kidney Patients (AAKP), the average age of patients undergoing this treatment is 64.
As you can see, affordable life insurance for dialysis patients is hard to come by.
You might consider purchasing an accidental death policy, which is less expensive. But it does not cover natural death or death caused by illness or disease. Therefore, it might not be suitable for everyone.
There is no life insurance company for dialysis patients specifically. But you may consider working with an agent familiar with high-risk clients for more personalized service.
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Why do dialysis treatments impact life insurance?
Even the best insurance companies will not approve policies for clients who are too high-risk to insure.
Unfortunately, this kind of treatment usually indicates that a person is developing end-stage kidney failure or other life-threatening medical conditions.
According to the National Kidney Foundation, the average life expectancy for a person on dialysis is five to 10 years. Most providers will not take on that level of risk.
Usually, people remain on dialysis for the rest of their lives. However, those with acute renal disease may improve after treatment. Others might receive a successful kidney transplant.
If you’re taken off and remain in good health for about three years, you might qualify for traditional life insurance.
To avoid a substandard rate, be sure you follow up with your doctor, take all medications as prescribed, and avoid dangerous hobbies or smoking. Ask about any other health questions you might have.
Life Insurance for Dialysis Patients: The Bottom Line
Around 468,000 Americans are currently undergoing dialysis treatments. If you’re able to stop treatments and remain in good health for a few years, you may qualify for traditional coverage from insurance carriers.
Unfortunately, most people remain in treatment for the rest of their lives.
If that describes you, your best option is a guaranteed issue whole life insurance policy.
Whether you want to buy life insurance for dialysis patients or someone in good health, enter your ZIP code into our free quote tool below to receive rates immediately.
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