Having Crohn’s Disease impacts your life in more than one way. We understand that getting things done around the house can get tiring, and putting your best step forward everyday can be difficult.
And when it comes time to look for life insurance, there are thoughts on how this issue will affect your premium, type of plan you’re eligible for, and what carrier will insure you.
Our experts will tackle this and more, and we hope we provide you with enough information that you’re ready to start the application process sooner than later.
Typically, those who are in relatively good health will simply apply for the coverage that they need and then wait for an approval. If, however, you have certain health conditions, this may not be the case.
The good news is, though, that by working through a company that focuses on higher risk applicants, you will have a better – and much faster – chance to find life insurance carriers that work with high-risk applicants, and in turn, obtaining the coverage that you require.
How Having Crohn’s Disease Can Have an Effect on Your Application for Life Insurance
Crohn’s disease is a type of inflammatory bowel disease or IBD. For those who have this condition, it can cause inflammation of the lining in the digestive tract. This, then, can lead to various issues such as severe diarrhea, abdominal pain, fatigue, weight loss, and possibly even malnutrition.
The condition of Crohn’s disease, however, can involve different parts of an individual’s digestive tract – and because of that, the condition can affect different people in different manners.
In some cases, though, the inflammation that is caused by Crohn’s disease can spread deep into the layers of a person’s bowel tissue. It can, therefore, be quite painful, as well as even debilitating – and in some instances, it could even lead to complications that are life-threatening.
Because of this if you are trying to obtain life insurance with Crohn’s disease, the life insurance company’s underwriters will want to take a closer look at your condition, as well as your overall health.
There is good news, though, in that even though there is currently no known cure for Crohn’s disease, there are various therapies that can significantly reduce the symptoms and the signs of this condition. In fact, in some situations, certain therapies may even be able to bring about long-term remission for an affected individual.
What the Life Insurance Company Will Want to Know About You
When a person applies for life insurance with Crohn’s disease, there are various steps that will need to be taken so that the insurance company knows as much as they can. Usually, the first step is fully completing a life insurance application for coverage. Through this application, the life insurance company will be able to get “basic” information from you, such as your:
- Contact details
- Birth date / age
- Marital status
- Smoking status (you can still get life insurance if you are a smoker)
- Alcohol usage
- Health condition
- Health history
- Family health history
In addition to the basic life insurance application for coverage, the insurance company will likely as you some additional condition-specific questions in order to find out more about your Crohn’s disease. Therefore, you may base some or all of the following types of questions:
- When were you initially diagnosed with Crohn’s disease? If your Crohn’s disease was discovered in its early stage, then you may have a better chance of being able to manage and / or control it, along with the symptoms such as diarrhea. If, however, you have had Crohn’s disease for a long period – especially if the condition has not been well controlled or managed – then you may have a higher likelihood of contracting additional complications from this illness, such as the scarring of intestinal tissue.
- Do you know what factors may be likely to trigger the symptoms of your Crohn’s disease? Knowing what factors are more likely to trigger your Crohn’s disease symptoms means that you may be more apt to avoid or even eliminate them.
- Have you had any surgeries that were relevant to your Crohn’s disease? If you have a history of bowel or colon related surgeries, then it could be a sign to the insurance underwriters that you have either a long-term or an uncontrolled case of Crohn’s disease. In some cases, depending on the situation, this may present a higher risk for obtaining other health issues, such as colon cancer. If you are wondering if you can qualify for term life insurance after having gastric bypass surgery, we can help you find the answers to your questions and help you get the coverage you deserve.
- Do you partake in a special diet for the purpose of managing and / or controlling your Crohn’s disease? If you are following a certain diet for the purpose of managing and / or controlling your condition, this can be a positive sign to the insurance underwriters.
- Over the last 6 months have you had to undergo any labs or diagnostic testing related to your crohn’s? If so, what did the reports say?
In addition to the basic application for coverage and the more in-depth condition related questions, it is also likely that the insurance company will have you take a medical exam. This is a component of most traditionally underwritten life insurance policies.
How Much Does Life Insurance Cost If You Have Crohn’s Disease?
For those who are applying for life insurance with Crohn’s disease, the premium rate that is charged can be determined based on a number of different factors. As with most other life insurance policies, the type and the amount of the coverage that you are seeking will play a big part. As will your age, your gender, and your overall health condition. The severity of your Crohn’s disease, as well as how – and how well – you are managing or controlling it, will also be factored in.
For those who have Crohn’s disease, but are otherwise in very good health, it is possible to obtain a policy rating of Standard. With this rating, the premium rate on your policy will be in line with other “average” individuals who are of your similar age and gender.
If, however, it is deemed by the insurance underwriters that you have a more serious case of Crohn’s disease, then it is possible that your policy would be rated as a Substandard. In this case, you will still have life insurance coverage available to you, however, the premium rate that is charged will be higher than that of an average policyholder.
It is important to note that, even though insurance carriers will have a system for determining how to rate an applicant for coverage, not all of the life insurance carriers have an identical system. Because of this, you could apply at one insurance company and be rated as a Standard policyholder, while applying to another insurance carrier and be rated as a Substandard – even with all criteria being equal.
With that in mind, it is important to compare more than one life insurance policy before making your final decision – as doing so could essentially save you a great deal of money in premium payments over time. Working with an independent insurance firm that has access to more than just one single life insurance carrier is typically the best and the quickest way to go about doing this.
What If You Do Not Qualify for Traditional Life Insurance Coverage?
Though you should qualify for a traditional policy, if you have other issues on your application there are situations in which a carrier decides not to insure you. While disappointing, it doesn’t signal an end to your search. Other opportunities exist for you to get covered.
One such alternative is to go with a no medical exam life insurance policy.
There are many top rated life insurance carriers that offer no medical exam life insurance coverage. It is important to note, though, that the premium that is charged for this type of policy will usually be more than that of a medically underwritten policy. The key reason for this is because those who apply for no medical exam coverage are usually considered to be a higher risk.
Another alternative for you if you are unable to qualify for traditionally underwritten life insurance coverage is to apply for a guaranteed issue plan. Here, provided that you pay the policy’s premium, the coverage will be approved and will remain in force.
How to Get the Best Life Insurance Quotes
If you are seeking life insurance quotes with Crohn’s disease, then the best way to move forward is to work with a company or an agency that is independent, and that has access to multiple life insurance carriers. This is because you will be better able to directly compare life insurance companies, policies, and benefits, as well as premium rates – and you can do so in an unbiased manner.
Our experts can walk you through the life insurance comparison and purchase process so that you are comfortable moving forward. If there are pressing questions you have please call us, 888-229-7522, or you can start by filling out our information form on the left side of the page.
We look forward to working with you!