Child with Down syndrome denied life insurance - any advice?
A family wanted to put riders for their kids on their life insurance policy. Their other children were accepted. The child with Down syndrome was not -- even though she's in overall good health aside from annual monitoring for a heart problem.
I can understand using an actuarial table to charge a higher premium to offset any actual increased risk that the child will die during the time the policy is in effect. But it's not like this kid is moribund and her parents are trying to insure her for a bundle so they'll hit the jackpot when she buys the farm. They're just trying to get a small rider to cover funeral expenses should she die, as they're doing with their other children.
This just seems so wrong.
And I'd like to know what insurance company is doing this, and if this company is alone in having such a coldhearted policy.