We have worked with clients who have denied for life insurance with Crohn’s Disease, but it is important to understand many carriers will still offer affordable coverage. The best way of going about finding the right life insurance with Crohn’s Disease is to work with an experienced high risk life insurance agency who has a history of working with people who have experienced Crohn’s symptoms. If you apply with the wrong company you may very easily find yourself being declined for coverage, or being highly rated and paying much higher premiums than you need to be.
Many people do not consider it a medical condition on a daily basis, until they go to apply for life insurance and are told they may have trouble getting coverage. Crohn’s Disease falls into intestinal bowel syndromes and some companies have underwriting requirements which allow these policies to be processed and at affordable rates. New medical advances for Crohn’s Disease have allowed people to live longer and healthier lives which will make life insurance more attainable and at better prices than in the past. This post will describe how life insurance carriers view Crohn’s Disease, the questions underwriters will want to know surrounding your condition, and the best way to apply for a policy which will fit your family needs.
Risks For Life Insurance With Crohn’s Disease
If you have a history of medical conditions, often times they will have an impact on your life insurance premiums and some may even lead to declines. However, life insurance with Crohn’s Disease is something which can insured and at affordable rates. Inflammatory bowel diseases which impact the intestines such as Crohn’s Disease can also impact your premiums if you don’t apply with the right company. Your ability to obtain coverage, and at what rate, will depend on the severity of your Crohn’s. If you have been diagnosed with Crohn’s Disease in the last 6 months than you will most likely be postponed for coverage by all carriers. This means after the 6 month period we can begin evaluating your options.
Underwriting Crohn’s Disease
When underwriting a condition such as Crohn’s Disease we will ask you a variety of questions to get a good idea of how much you can expect to pay for a policy. When providing us with these answers please be as truthful and as thorough as possible so we can provide you with the best information we can regarding a policy. Some of these questions may include:
- When were you diagnosed with Crohn’s Disease?
- Most recent flare-up and how many have you experienced?
- Any other conditions impacted by Crohn’s Disease?
- Medications prescribed?
- Have you been unable to work or been hospitalized?
If you have only experienced one flare-up and it has been within the last year than you may be able to qualify for a substandard table 2-4 rated policy. If this single flare-up occurred over 12 months ago than we do have a chance at obtaining a standard to substandard table 2 rated policy.
If you experiencing symptoms associated with a mild case of Crohn’s Disease with multiple flare-ups than you most likely would start around a table 4-6 rating. This does depend on your age of diagnosis and all of the other symptoms which you may be experiencing.
If you have been diagnosed with severe Crohn’s Disease than your chances of approval for a traditional life insurance policy are lower. However, you still may be able to qualify for a table 6 or higher approval rating. If premium becomes an issue at this point we can help you explore the possibilities of a graded life insurance or guaranteed issue life insurance policy.
If you are searching for what options are available regarding life insurance with Crohn’s Disease please reach out to us for quotes and to speak with an experienced life insurance agent.