Life Insurance Hits Home During April’s “Autism Awareness Month”

Having a Baby

Life insurance is a “MUST” for any newborn child. I actually was reminded of that fact this week at the breakfast table when my daughter, who is autistic, spilled her juice on the table and just said, “oh nooo” very casually, watching the liquid roll from one side of the table to the other without any quick instinctive response that the rest of us are blessed with to jump up and get something to absorb the spill before it gets all over everything. At that point she just began to cry as I ran over with paper towels to wipe it up.

Strange how this incident warranting my reflection took place on April 2nd which is “Autism Awareness Day” within the overall month of April which is “Autism Awareness Month.” The point is, autistic children are gifts, and I would like to think that special children are given to special people to take care of them. However, they are challenging and have certain disabilities that would normally make them uninsurable or highly rated if applying for life insurance.

The United Nations estimates that 1 in 68 children are on the autism spectrum. It is estimated that more than 80% of adults with autism are unemployed. Research suggests that employers are missing out on abilities that people on the autism spectrum have in greater abundance than “neurotypical” workers do – such as, heightened abilities in pattern recognition and logical reasoning, as well as a greater attention to detail.

The fact is, people with autism are at a greater risk of accidents, abuse, or even pre-mature death due to many other conditions like epilepsy or anaphylaxis shock from an allergic reaction. Because of this, as a parent of a newborn, there is no time like the present (most carriers for life insurance will accept an application on a child after 15 days old) to purchase life insurance on them before any noticeable health issues arise. Children that are autistic look and act just like any other newborn. It is nearly impossible to tell, until the child is older (often after 1 year), whether or not they could be on the autism spectrum.

Insure your newborn ASAP!!! Get a permanent life insurance policy that has a GPO (Guaranteed Purchase Option rider) or GIO (Guaranteed Insurability Option rider) on it. These riders are great ways to “lock-in” your child’s future insurability allowing them to get additional coverage in the future, no matter what their health conditions are. Purchasing one of these permanent life insurance policies with a GPO was one of the best actions I ever took. Don’t just be “aware” of autism, be pro-active about it. 

About the author: Kyle McDonald holds FIC, FICF, FSCP® & CLTC designations. His viewpoint on life insurance is simple, “Anyone with a family must have life insurance. In the end, life insurance is for others you care about, not you.” He is ready to help you and your family get the best option available. Contact Kyle today at   1-800-651-1953 or KMcDonald@Pivot.com.