When applying for life insurance, there are many different factors that come into play before an applicant can obtain approval.
Certainly, one of the most important of these will be his or her health condition. This is because health will have a direct effect on a person’s potential life expectancy – which, in turn, can be a big factor in whether or not the life insurance company may be required to pay out a costly claim.
For those who have various health-related issues, such as someone needing life insurance with lupus, it is possible that they will either be required to pay more for their life insurance coverage in order to compensate for the additional risk – or, in some instances, they may be declined for coverage altogether. This could be the case for those who have been diagnosed with diverticulosis (also known as diverticulitis.)
This condition affects a person’s digestive system in that it is an inflammation of the bowel or diverticulum. This is due primarily to the retention or the accumulation of fecal matter and, in turn, the formation of “pouches” within the bowel wall. This ultimately results in compression of the colon, essentially resulting in perforation, erosion, or even bleeding.
Early symptoms can include irregular bowel movements, cramps, tenderness, gas formation, and/or bloating. If this condition is not managed early on, it can lead to fever, diarrhea and/or constipation. It may also lead to additional symptoms such as nausea, bleeding, and/or abdominal pain.
If you have diverticulosis or diverticulitis and you have been turned down for life insurance coverage in the past, there is good news. It is possible to obtain the coverage that you’re looking for – you just need to go through the proper avenue.
What the Underwriters Need to Know
When applying for life insurance with diverticulosis, the underwriters will need to obtain more in-depth information regarding your health condition. With this in mind, they will ask you several conditions related questions. This can help them in more appropriately categorizing your policy, as well as coming up with a proper premium price for your coverage.
Some of the questions that you will most likely be asked include the following:
- How long has it been since you’ve been diagnosed? If you were diagnosed early on – and you have been managing your condition well – this can be a positive sign. However, if you have not been properly managing your condition over a long period of time, then it may be possible that it could lead to such issues as colon cancer and/or other serious diseases.
- Over the past 6 months, have you experienced any symptoms of your condition? If you have only recently experienced episodes such as gas buildup or bloating, and it is your first episode, then it is possible that you could qualify for a Standard policy rating. This information may also be confirmed via your doctor’s evaluation.
- What, if any, medications are you taking for the management of your condition? In some cases, individuals who have diverticulitis or diverticulosis may be required to take certain medications in order to help in controlling diarrhea or constipation, as well as fever or infection. Should this be the case, it is possible that a Mild Substandard rating is more likely.
- Do you meet regularly for check-ups with your gastroenterologist regarding the management and control of your condition? If you are meeting regularly with your gastroenterologist for check-ups regarding your condition, that will be a positive sign to the underwriters that you are working to control and manage your condition. In doing so, it may be possible to obtain a Standard rating on your life insurance policy – however, this would need to be confirmed via other diagnostic and/or lab exams in order to confirm the absence of any other types of serious health-related conditions.
- Over the past 12 months, have you had any relevant diagnostic testing performed that relates to your condition? Over the past year, if you have had any relevant tests performed such as a CT scan or blood testing, these may be reviewed by the life insurance underwriters in order to get an even better overview of your health condition. If these come out to be positive, it is possible that you could qualify for a Standard policy rating.
- Do you have a family history that includes colon cancer? If you have a family health history that includes conditions such as colon cancer, then it may be necessary to undergo a more thorough evaluation before the underwriters can make a determination regarding your policy.
- Do you practice any lifestyle habits that could increase your risk regarding your condition? By having poor eating habits and/or stressful working conditions, you could actually be making your condition worse. Because of this, it is possible that you would qualify for a Mild Substandard policy rating.
In addition to the condition related information that the underwriters will request, they will also typically require that you take a medical examination. This will entail that you meet with a paramedical professional who will take a heart monitor and a blood pressure reading from you. They will also take a blood and urine sample. Each is tested for various health conditions that may also pose a higher risk of claim to the life insurance company.
Once all of the information has been reviewed, the underwriters will be able to make a much better determination regarding your policy rating classification, as well as the premium amount that should be charged.
If it is determined for some reason that you will not be eligible for traditionally underwritten life insurance, you still have options. By applying for a guaranteed issue life insurance policy, you do not go through the med-exam, nor will you be asked to answer numerous medical questions on the application for coverage. Although the premiums are usually quite a bit higher than for traditional coverage, this may be the only option that is available to you.
How and Where to Obtain Life Insurance with Diverticulosis
Should you have any additional questions along the way, please feel free to contact us directly. We can be reached, toll-free, by calling 888-229-7522. Our experts can walk you through the information that you need about coverage and they can show you how to obtain the premium quote information that you need to find a policy that fits your life insurance budget.