Yes, you can get life insurance if you have Crohn’s disease, but there is more to the process than one for a typical application.
Many factors are affected by the specifics of Crohn’s disease, including the monthly premium, which would have to be medically loaded and therefore higher per month depending on how much you suffer from the condition and how severe your symptoms are.
If your symptoms are minor enough to be controlled by medication or you are in remission and no longer show outward symptoms, then your premium is raised between 50 and 75 per cent or medically loaded by 50-75 per cent.
To present an accurate figure, a normal life insurance policy for someone without Crohn’s disease might cost £28 per monthly premium.
A policy for someone with Crohn’s at a 50 per cent medical loading would amount to around a £42 monthly premium, and a policy at a 75 per cent would amount to roughly a £49 monthly premium.
Click To Compare QuotesThe numbers vary with each case, so these figures are merely estimates.
To determine your condition’s level of severity for the policy, you will have to go through a “tele-underwriting” process with a qualified nurse practitioner before your application can be approved.
During this process, the nurse discusses your condition over the phone, asking for full information on any operations or medications you are taking or have taken.
If you prefer, this interview can be conducted face-to-face at home or another preferred location.
Additionally, your general practitioner will likely be contacted for specific medical details on your case to finish the process.
The outcome of this process may be that they decide your condition is more severe than you initially thought, which would affect your monthly premium.
So, it is safe to say that you should be prepared for any outcome at the end of the underwriting process.
What if I can’t afford life insurance with Crohn’s disease?
If the offered premium is outside your budget, you can ask for a reduced overall level of coverage to match your budget.
Considering the additional expenses associated with Crohn’s disease, most companies understand the importance of meeting every individual’s needs, and for that reason, solutions are in place for issues with budgetary concerns.
For example, suppose you have applied for £275,000 coverage, and your maximum monthly budget is £70.
A ‘normal’ premium might be £42 per month, and with a 50 percent medical loading, you would have a budget of £62.
However, it’s possible that after the underwriting process is completed, the medical loading is placed at 150 percent based on the severity of your condition.
Click To Compare QuotesThis would increase your monthly premium to about £105, which is much higher than you have stated that you can afford.
You can ask for your coverage to be reduced to around £185,000, which would amount to around £70 per month.
At the very least, you have some coverage rather than none, which is still a considerable amount of money overall.
Just remember that the premium is being medically loaded to cover the increased risk that you will make a claim.
Ultimately, it is to your benefit to ensure that you and your loved ones receive adequate protection for later years.