Best Life Insurance for People With Cystic Fibrosis in 2024 (Top 10 Companies)
The best life insurance for people with cystic fibrosis are offered by Prudential, AIG, and Nationwide offering competitive rates, with discounts of up to 25%. With their comprehensive coverage options and tailored policies, they ensure peace of mind for those living with this condition.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
UPDATED: Oct 20, 2024
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Oct 20, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Full Coverage for People With Cystic Fibrosis
A.M. Best Rating
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Pros & Cons
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163 reviewsCompany Facts
Full Coverage for People With Cystic Fibrosis
A.M. Best Rating
Complaint Level
Pros & Cons
163 reviews
3,019 reviewsCompany Facts
Full Coverage for People With Cystic Fibrosis
A.M. Best Rating
Complaint Level
Pros & Cons
3,019 reviewsDiscover the best life insurance for people with cystic fibrosis with Prudential standing out as the top pick overall, offering competitive rates and comprehensive affordable coverage. AIG and Nationwide also excel, providing specialized underwriting and additional discounts.
With their commitment to tailored policies and exemplary customer service, these companies strive to alleviate the financial burden for individuals and their families facing the challenges of cystic fibrosis.
Our Top 10 Company Picks: Best Life Insurance for People With Cystic Fibrosis
| Company | Rank | A.M. Best | Multi-Policy Discount | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
| #1 | A+ | 10% | Underwriting Flexibility | Prudential |
 | #2 | A+ | 15% | Specialized Coverage | AIG |
 | #3 | A | 25% | Inclusive Policies | Nationwide |
 | #4 | A+ | 25% | Comprehensive Benefits | MetLife |
 | #5 | A++ | 10% | Financial Strength | New York Life |
 | #6 | A | 25% | Simplified Underwriting | Mutual of Omaha |
 | #7 | A | 15% | Flexible Premiums | Lincoln Financial Group |
 | #8 | A | 15% | Living Benefits | Guardian Life |
 | #9 | A | 10% | Fast Underwriting | Transamerica |
 | #10 | A+ | 20% | Diverse Options | Principal Financial Group |
Whether it’s offering flexible payment options or accommodating specific medical needs, they prioritize the well-being of their policyholders above all else. You can get free quotes for life insurance and secure financial protection for your loved ones by entering your ZIP code into our tool above.
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#1 – Prudential: Top Overall Pick
Pros
- Underwriting Flexibility: Prudential offers up to 10% multi-policy discount and up to 5% low-mileage discount, making it a favorable choice for those seeking underwriting flexibility.
- Established Financial Strength: Prudential insurance review & ratings highlight its financial stability, Prudential provides a sense of security to policyholders, ensuring they are backed by a financially robust company.
- Competitive Multi-Policy Discount: With a maximum multi-policy discount of 10%, Prudential stands out in providing cost-effective options for customers bundling multiple policies.
Cons
- Limited Low-Mileage Discount: The maximum low-mileage discount of 5% might be comparatively lower than some competitors, potentially less appealing to low-mileage drivers.
- Not the Highest Multi-Policy Discount: While competitive, Prudential’s maximum multi-policy discount of 10% may not be the most generous in the industry.
#2 – AIG: Best for Specialized Coverage
Pros
- Specialized Coverage: AIG offers a maximum multi-policy discount of 15% and up to 8% low-mileage discount, making it an attractive choice for individuals seeking specialized coverage.
- High Low-Mileage Discount: With an 8% low-mileage discount, AIG stands out for providing substantial savings for policyholders with limited mileage.
- Flexible Options: AIG insurance review & ratings underscore the company’s flexibility in underwriting, enabling customers to customize their coverage and secure the protection that suits their specific needs.
Cons
- Moderate Multi-Policy Discount: While competitive, AIG’s maximum multi-policy discount of 15% may not be the highest available in the market.
- May not be Ideal for Budget-Conscious Customers: AIG’s focus on specialized coverage might result in slightly higher premiums compared to companies with a broader approach.
#3 – Nationwide: Best for Inclusive Policies
Pros
- Inclusive Policies: Nationwide offers inclusive policies with a substantial maximum multi-policy discount of up to 25% and a high low-mileage discount of up to 20%.
- Flexible Underwriting: Nationwide insurance review & ratings reveal that the company’s underwriting practices offer flexibility, catering to a wide array of policyholders.
- Generous Low-Mileage Discount: With a maximum low-mileage discount of 20%, Nationwide appeals to customers who prioritize savings based on their driving habits.
Cons
- May not Have the Highest Multi-Policy Discount: While competitive, Nationwide’s maximum multi-policy discount of 25% may not be the most extensive in the market.
- Complex Coverage Options: The inclusivity of policies may lead to complexity, potentially making it challenging for some customers to navigate and choose the right coverage.
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#4 – MetLife: Best for Benefits Beyond Boundaries
Pros
- Comprehensive Benefits: MetLife stands out for providing comprehensive benefits, coupled with a maximum multi-policy discount of up to 25% and a substantial low-mileage discount of up to 30%.
- Financial Stability: MetLife insurance review & ratings highlight the company’s commitment to financial stability, ensuring policyholders have confidence in their choice of insurance provider.
- High Low-Mileage Discount: The maximum 30% low-mileage discount makes MetLife an excellent choice for those who prioritize savings based on their driving habits.
Cons
- May not be the Most Affordable: While offering comprehensive benefits, MetLife’s premiums may be relatively higher compared to some competitors.
- Potentially Rigorous Underwriting: The company’s focus on comprehensive coverage may result in more stringent underwriting requirements.
#5 – New York Life: Best for Financial Integrity
Pros
- Financial Strength: New York Life is renowned for its financial stability, instilling confidence in policyholders about the company’s ability to fulfill its commitments.
- Solid Multi-Policy Discount: Offering up to 10% multi-policy discount, New York Life provides reasonable savings for customers bundling multiple policies.
- Reputation for Financial Integrity: The allure of New York Life Insurance review & ratings is further enhanced by the company’s dedication to financial stability and robustness.
Cons
- Limited Multi-Policy Discount: With a maximum discount of 10%, New York Life’s multi-policy discount may be considered modest in comparison to some competitors.
- May not be the Most Cost-Effective: While offering financial strength, New York Life’s premiums may be perceived as higher by budget-conscious customers.
#6 – Mutual of Omaha: Best for Streamlined Security
Pros
- Simplified Underwriting: Mutual of Omaha’s emphasis on simplified underwriting makes it an attractive option for those looking for a streamlined application process.
- High Maximum Multi-Policy Discount: With a maximum discount of up to 25%, Mutual of Omaha offers competitive savings for policyholders bundling multiple policies.
- Financial Stability: Customers looking for a dependable insurer will find added security in Mutual of Omaha’s insurance review & ratings due to the company’s strong financial stability.
Cons
- Moderate Low-Mileage Discount: The maximum low-mileage discount of 20% may be perceived as moderate compared to some competitors.
- May Lack Specialized Coverage Options: Mutual of Omaha’s focus on simplicity may result in fewer specialized coverage options compared to some competitors.
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#7 – Lincoln Financial Group: Best for Flexibility in Finances
Pros
- Flexible Premiums: Lincoln Financial insurance review & ratings stand out for offering flexible premiums, allowing policyholders to tailor their coverage to meet their specific needs.
- High Maximum Low-Mileage Discount: With a maximum low-mileage discount of 30%, Lincoln Financial Group provides substantial savings for those with limited mileage.
- Competitive Multi-Policy Discount: The company’s maximum multi-policy discount of 15% is competitive in the market.
Cons
- May not Have the Highest Multi-Policy Discount: While competitive, Lincoln Financial Group’s maximum multi-policy discount of 15% may not be the most extensive in the industry.
- Potentially Higher Premiums for Specialized Coverage: Customers seeking highly specialized coverage may find Lincoln Financial Group’s premiums relatively higher.
#8 – Guardian Life: Best for Living Benefits
Pros
- Living Benefits: Guardian Life’s focus on living benefits enhances the overall value of its policies, providing additional financial security for policyholders.
- Balanced Discounts: With up to 15% multi-policy discount and up to 25% low-mileage discount, Guardian Life strikes a balance between savings and coverage.
- Financial Stability: Guardian Life insurance review & ratings reflect the company’s strong financial stability, instilling confidence in customers making long-term commitments.
Cons
- May Lack Highly Specialized Coverage: Guardian Life’s emphasis on balanced coverage may mean that highly specialized options are not as extensive as some competitors.
- May not Offer the Highest Multi-Policy Discount: While competitive, Guardian Life’s maximum multi-policy discount of 15% may not be the most generous available.
#9 – Transamerica: Best for Swift Assurance Provision
Pros
- Fast Underwriting: Transamerica’s commitment to fast underwriting makes it an appealing choice for those looking for a quick and efficient application process.
- Reasonable Multi-Policy Discount: Offering up to 10% multi-policy discount, Transamerica provides savings for customers bundling multiple policies.
- Established Financial Stability: Transamerica insurance review & ratings attest to the firm’s financial strength, providing policyholders with confidence in a stable and dependable insurance provider.
Cons
- Moderate Multi-Policy Discount: Transamerica’s maximum multi-policy discount of 10% may be perceived as moderate compared to some competitors.
- Limited Low-Mileage Discount: The maximum low-mileage discount of 10% may be considered relatively lower for customers prioritizing mileage-based savings.
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#10 – Principal Financial Group: Best for Coverage Variety
Pros
- Diverse Options: Principal Financial Group stands out for offering a diverse range of comprehensive coverage options, allowing customers to tailor their policies to specific needs.
- Competitive Multi-Policy Discount: With a maximum discount of up to 20%, Principal Financial Group provides competitive savings for customers bundling multiple policies.
- Financial Stability: The company’s financial stability adds an extra layer of confidence for customers seeking a reliable insurer.
Cons
- May not Have the Highest Multi-Policy Discount: While competitive, Principal Financial Group’s maximum multi-policy discount of 20% may not be the most extensive in the market.
- Potentially Higher Premiums for Specialized Coverage: Customers seeking highly specialized coverage may find Principal Financial Group’s premiums relatively higher.
Life Insurance Considerations for Individuals Living With Cystic Fibrosis
Life insurance rates for individuals with cystic fibrosis vary among different insurance companies. The coverage rates, both minimum and full, are essential factors to consider when assessing the financial implications of securing life insurance for individuals with this medical condition.
Examining the provided data, we observe that the minimum coverage amounts differ across insurers. Prudential offers the lowest minimum coverage at $100, followed by Transamerica at the same amount. Mutual of Omaha and Nationwide share the next lowest minimum coverage rate at $110.
Life Insurance With Cystic Fibrosis: Monthly Rates by Coverage Level & Provider
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| AIG (American Int'l Group) | $120 | $350 |
| Guardian Life | $130 | $370 |
| Lincoln Financial Group | $120 | $360 |
| MetLife | $130 | $330 |
| Mutual of Omaha | $110 | $350 |
| Nationwide | $110 | $320 |
| New York Life | $140 | $380 |
| Principal Financial Group | $110 | $340 |
| Prudential | $100 | $300 |
| Transamerica | $100 | $310 |
On the higher end of the minimum coverage spectrum, New York Life and Lincoln Financial Group provide coverage starting at $140 and $120, respectively.
In terms of full coverage, which represents the maximum benefit amount, New York Life leads the way with a maximum coverage of $380. Guardian Life follows closely behind at $370, while Lincoln Financial Group and MetLife provide full coverage options at $360 and $330, respectively.
Mutual of Omaha and AIG offer a maximum coverage of $350, and Principal Financial Group and Nationwide provide full coverage at $340 and $320, respectively. Prudential and Transamerica, with their minimum coverage rates being the lowest, also have more modest full coverage rates at $300 and $310, respectively.
It is evident from this data that there is variability in coverage rates among different insurers, making it crucial for individuals with cystic fibrosis to thoroughly compare options. The choice of coverage, whether minimum or full, depends on the specific needs and circumstances of the individual seeking life insurance.
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Additionally, factors such as the overall health of the individual and the severity of their cystic fibrosis may influence the affordability and feasibility of obtaining higher coverage amounts. Therefore, prospective policyholders should carefully evaluate these rates in conjunction with the terms and conditions offered by each insurance provider to make informed decisions regarding their life insurance coverage.
Securing Life Insurance With Cystic Fibrosis: What You Need to Know
Cystic fibrosis is an illness that in most cases will categorize you as high-risk to life insurance companies. There are life insurance companies that will write policies to those who are diagnosed with cystic fibrosis. However, these policies generally come with higher monthly premiums than average and are not available to those younger than 50.
Guaranteed life insurance policies are one such policy you may qualify for. However, many guaranteed life insurance policies are only available to those over the age of 50. Funeral/burial insurance is another option for those with cystic fibrosis. This type of insurance is also usually only available to those who are 50 and older.
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This policy allows you to pre-fund and plan a funeral or other burial arrangements. Final expense insurance can be an option for those looking for high-risk insurance. Like the other policies, these are generally designed for those over the age of 50 and offer lower coverage amounts.
The last option would be a term life insurance policy. There are many term life insurance providers that do not require a medical exam to approve people. However, these companies do still provide a medical questionnaire, and may still deny those with severe illnesses. If you can get approved, these policies may be more affordable than guaranteed policies in some cases, making it worth a shot to apply.
Explore our “Types of Life Insurance” for further details.
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Cystic Fibrosis and Life Insurance: Navigating Coverage Options
In recent years some life insurance companies have been broadening the availability of life insurance. Some providers will now offer policies to those with previously uninsurable illnesses, like diabetes or high blood pressure, and other heart conditions. However, according to CFF.org, more than 30,000 people in the U.S. have cystic fibrosis.
While that is not an insignificant number, it is small enough that very few life insurance companies are willing to write specific cystic fibrosis life insurance policies. This means that guaranteed life insurance, burial insurance, and final expense insurance are still the most common policies written for those with cystic fibrosis.
Discover more information on our “What Is The Connection Between Risk And Life Insurance?“.
Affordable Life Insurance Options for Individuals With Cystic Fibrosis
Cystic fibrosis is something that will greatly impact your life insurance costs, but generally not until you get to the underwriting or medical questionnaire/exam stage.
This makes it hard to know exactly how much a life insurance company will charge you unless you do a more detailed quote, and it’s helpful to have an idea about price before you buy life insurance for people with cystic fibrosis. Here’s a look at the pricing of one guaranteed life insurance policy from Gerber.
Gerber Life Insurance Monthly Rates by Coverage Amount
| Coverage Amount | Monthly Rates |
|---|---|
| $5,000 | $18 |
| $10,000 | $34 |
| $12,000 | $41 |
| $15,000 | $51 |
| $20,000 | $68 |
| $25,000 | $85 |
It should be noted that the rates Gerber Life provided are just estimates for a healthy individual. Those with serious illnesses are going to pay more.
In the end, searching for life insurance when you suffer from cystic fibrosis can be difficult. The best way to make sure you are getting the most affordable life insurance for people with cystic fibrosis is to get as many quotes as you can from providers.
Obtaining Online Quotes for Life Insurance With Cystic Fibrosis
In today’s digital age, obtaining life insurance quotes online has become easier than ever, even for individuals living with conditions such as cystic fibrosis. Here’s a guide on how to navigate the process effectively:
- Research insurance providers. Begin by exploring insurance providers that cater to individuals with cystic fibrosis. Focus on companies specializing in high-risk insurance and those offering favorable policies for pre-existing conditions.
- Visit insurance websites. Head to the websites of chosen insurance firms to explore their offerings. Many sites provide tools for obtaining free quotes online by supplying basic information.
- Fill out quote forms. To receive an online quote, complete a form with details like age, gender, location, health history, and specifics related to your cystic fibrosis diagnosis. Ensure honesty and accuracy for an precise quote.
- Review quote options. After submitting required information, the insurance company will offer a quote based on their underwriting guidelines and your unique circumstances. Thoroughly examine quote options, considering coverage amounts, premiums, and policy terms.
- Compare multiple quotes. Avoid settling for the initial quote. Compare quotes from various insurance providers to identify competitive rates and optimal coverage.
- Consult with insurance experts. Reach out to insurance experts or customer service representatives with any questions or concerns. They can offer valuable insights to aid your decision-making process.
- Finalize your policy. Once you’ve chosen a suitable quote, proceed to finalize your life insurance policy. This may involve additional paperwork, a medical examination, and agreement to policy terms and conditions.
Obtaining life insurance quotes online is a convenient and efficient way to explore your options as an individual living with cystic fibrosis.
By following the steps outlined above and conducting thorough research, you can find the right coverage to protect yourself and your loved ones, providing peace of mind for the future.
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Case Studies: Best Life Insurance for Cystic Fibrosis Patients
Navigating life insurance options can be challenging for individuals with cystic fibrosis due to their unique medical condition. Here, we present case studies showcasing various approaches insurers are taking to provide coverage tailored to the needs of individuals with cystic fibrosis.
- Case Study #1 – The Johnson Family: The Johnson family, facing uncertainty due to their child’s cystic fibrosis diagnosis, found reassurance with a comprehensive life insurance policy. Knowing their child’s future needs would be covered, they focused on providing care.
- Case Study #2 – Sarah’s Journey: Sarah, a young adult with cystic fibrosis, secured a tailored life insurance policy for individuals with pre-existing conditions. This policy ensured financial protection for her family while empowering Sarah to live life fully.
- Case Study #3 – Support Beyond the Diagnosis: David, diagnosed with cystic fibrosis in his twenties, overcame insurance challenges with specialized options. Innovative underwriting provided financial security for him and his family, thanks to personalized solutions.
Life insurance options for individuals with cystic fibrosis are evolving, with insurers implementing collaborative underwriting initiatives, offering specialized policies, and partnering with advocacy groups to ensure fair insurance practices. These case studies highlight the progress being made in providing accessible and tailored coverage for individuals facing the challenges of cystic fibrosis.
Understand more on our “What is the best life insurance policy to get when you have cystic fibrosis?“.
The Bottom Line: Life Insurance for People With Cystic Fibrosis
Finding life insurance coverage when living with cystic fibrosis can be challenging, but it’s not impossible. Companies like Prudential, AIG, and Nationwide offer competitive rates and comprehensive coverage options tailored to the needs of individuals with cystic fibrosis. By exploring the top 10 companies, you can find the best life insurance policy to suit your specific needs and circumstances.
Remember to obtain multiple quotes, consider the minimum and maximum coverage amounts, and explore various coverage options, including guaranteed life insurance, funeral/burial insurance, and final expense insurance. With the right information and approach, you can secure the life insurance coverage you need to protect your family’s financial future.
Stop overspending on life insurance. Use our tool below to compare rates from top providers near you.
Frequently Asked Questions
How much is life insurance for people with cystic fibrosis?
Life insurance rates vary among insurers for individuals with cystic fibrosis. Prudential offers the lowest minimum coverage at $100, while New York Life leads with a maximum coverage of $380. It’s crucial to compare options based on coverage needs and individual circumstances.
Can you get life insurance if you have cystic fibrosis?
Yes, some insurers provide coverage for individuals with cystic fibrosis, but it often comes with higher premiums. Guaranteed life insurance, funeral/burial insurance, and final expense insurance are common options. Applicants under 50 may have limited choices.
You may explore our “How does the insurance company determine my premium?” for more information.
Are there cystic fibrosis life insurance policies?
While some insurers offer specialized underwriting for cystic fibrosis, specific policies are limited due to the condition’s rarity. Guaranteed life insurance, burial insurance, and final expense insurance remain common choices for individuals with cystic fibrosis.
Avoid overpaying for life insurance by comparing rates with our free tool. Simply enter your ZIP code below to get started.
Who offers the most affordable life insurance for those with cystic fibrosis?
Life insurance costs for cystic fibrosis vary, making it essential to obtain multiple quotes. Gerber Life provides estimates, but prices may increase for those with severe illnesses. Comparing quotes from various providers is crucial to finding affordable coverage.
What are some case studies regarding life insurance for cystic fibrosis?
Case studies include partnerships between the Cystic Fibrosis Foundation and insurers, specialized underwriting considering individual health status and records, guaranteed-issue policies, collaboration with medical professionals, and advocacy efforts for fair insurance practices. These approaches aim to address the unique needs of individuals with cystic fibrosis.
Can you convert term insurance to permanent insurance?
A provision in many term life insurance policies allows policyholders to convert to a permanent policy during the term. However, not all policies offer this option. Additionally, policyholders may choose to continue the term, but this often results in higher premiums.
What is the best kind of life insurance to get?
If your primary concern is budgeting, term life insurance might be the most suitable option for you. On the other hand, if you have several dependents, whole life insurance could be a better choice. However, if your priority is financial planning and building cash value, universal life insurance might be the most appropriate option for you.
At what age does term life insurance expire?
Term Life Insurance provides coverage for a specified “term length,” typically ranging from 10 to 30 years, as long as the policyholder continues to pay their premiums. Once this term ends, the policy expires.
What happens when term life insurance reaches maturity?
When a term life insurance policy matures, your coverage ends. Some companies may offer the option to extend your coverage or purchase permanent life insurance as a replacement.
What happens if you never use your term life insurance?
If you outlive your term life policy, your coverage ends. If you still require life insurance after the term expires, you have the option to convert your policy to permanent insurance, purchase a new policy, or go without coverage.
Compare term life insurance rates by entering your ZIP code below into our free tool today.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
