When you have Crohn’s disease, finding life insurance can be a challenge. Insurance companies may see you as a high-risk applicant, which can lead to higher premiums or even outright denials. That’s where a specialist broker comes in – they can help you navigate the complicated world of Crohn’s life insurance and find the best policy for your needs. In this blog post, we’ll explore why a specialist broker is necessary and what you should know about Crohn’s life insurance.
We’ll be covering the following:
- Understanding of Crohn’s Disease Life Insurance
- Why a Specialist Broker is Necessary
- The challenges of getting life insurance with Crohn’s Disease
- Medical Underwriting
- Finding the Right Policy
Understanding of Crohn’s Disease Life Insurance
Crohn’s disease is a debilitating, chronic, inflammatory bowel disease that ravages the digestive tract. For people living with Crohn’s, life insurance can be a daunting prospect. The reason for this is that insurance companies consider Crohn’s disease to be a high-risk condition, which means that they are more likely to pay out a claim in the future.
You’ll be asked a series of probing questions during the underwriting process to assist the insurer establish how much of a danger you are. However, if you have Crohn’s disease, you should expect to be examined much more than someone who does not have the condition. The insurer will want to know how long you’ve had Crohn’s disease, which medications you’re on, and whether you’ve had any problems or operations connected to the condition.
All of this information will assist the insurer in determining how risky you are and how much premium you should pay. People with Crohn’s disease may be denied cover entirely in some situations. But don’t worry, there are expert brokers available to assist you in navigating the complicated world of Crohn’s life insurance. In the next part, we will look at some of the most common challenges people with Crohn’s have while applying for life insurance.
Why a Specialist Broker is Necessary
A specialist broker is an expert in finding life insurance policies for people with pre-existing conditions, such as Crohn’s disease. They have access to a wide range of insurers who offer policies specifically designed for those with high-risk conditions. By working with a specialist broker, you can save time and energy on searching for insurers that may be willing to offer cover. Additionally, a specialist broker can help you understand the policy details, such as any exclusions or limitations, and ensure that you get the cover you need at an affordable price.
Using a specialist broker also gives you an advantage when it comes to negotiating with life insurance companies. Because specialist brokers are familiar with the life insurance market, they can present your case in the best possible light. They can also advocate on your behalf and provide additional medical information or documentation that may be necessary to secure cover.
Crohn's Life Insurance Expert*
The challenges of getting life insurance with Crohn’s Disease
Getting life insurance when you have Crohn’s disease can be a challenging and daunting process, given the various complications that come with the disease. Although insurance companies are mandated to provide cover to individuals with pre-existing medical conditions such as Crohn’s, they may impose higher premiums and restrict cover. Let’s delve into some of the typical difficulties you might face while applying for life insurance with Crohn’s disease.
Increased risk –
Crohn’s disease is considered a chronic condition that can lead to several serious health complications. As a result, life insurance companies may view people with Crohn’s as higher risk and charge higher premiums. Additionally, if you have a history of hospitalisations or surgeries related to Crohn’s, you may find it difficult to obtain cover or be required to pay even higher premiums.
Limited options –
Depending on the severity of your Crohn’s, you may find that your options for life insurance cover are limited. Some insurers may not be willing to provide cover at all, while others may only offer cover with significant restrictions or exclusions. However, we do have a step-by-step guide on finding the most suited options for you.
Time-consuming application process –
The application process for life insurance with Crohn’s can be lengthy and time-consuming. You may be required to provide detailed medical information and undergo a medical exam, which can add to the stress and hassle of the process.
Medical Underwriting
Medical underwriting is a crucial part of the life insurance application process that evaluates your health and medical history to determine your risk level. This process involves assessing various factors, such as your age, gender, smoking status, and medical conditions, including Crohn’s disease. However, the complexity of Crohn’s disease can make medical underwriting particularly challenging for those who have it.
Crohn’s disease is a chronic inflammatory bowel disease that can cause a range of symptoms, including abdominal pain, diarrhoea, fatigue, and weight loss. The disease can also lead to complications such as intestinal strictures, abscesses, and fistulas. These symptoms and complications can make it difficult for insurers to accurately assess the risk level of an applicant with Crohn’s disease.
Due to the unpredictable nature of Crohn’s disease, insurers may view applicants with the condition as higher risk and charge higher premiums or offer limited cover. That’s why working with a specialist broker who has expertise in Crohn’s disease and life insurance underwriting can be beneficial.
Finding the Right Policy
Obtaining life insurance when you have Crohn’s disease can be a daunting task, especially when you are looking for the right policy. However, there are several important factors to consider that can help you navigate the process and find a suitable policy:
Get Help From A Specialist Broker –
A specialised broker with expertise working with customers with comparable health issues might be an essential resource if you have Crohn’s disease. You may manage the process of selecting the correct insurance and learning about the numerous exclusions and limits that may apply with their assistance. Don’t be afraid to browse around until you discover a broker that fulfils your requirements.
Crohn's Life Insurance Expert*
Check the policy’s exclusions and limitations –
To make sure you have the correct Crohn’s disease cover, it is crucial to carefully examine the policy’s exclusions and limits. Check to find out if there are any waiting periods before cover starts and if the insurance covers pre-existing diseases. By being aware of these facts beforehand, you may be better able to choose the cover that best suits your needs.
Consider Guaranteed Issue Life Insurance –
Guaranteed issue life insurance may be an option for those with severe Crohn’s disease. Unlike standard policies, this type of policy doesn’t require a medical exam. However, the cover amounts may be limited, and the premiums could be higher. It’s worth considering this option if you’re struggling to find a policy that covers your condition. You can learn more about guaranteed acceptance here.
