What Is crohns disease life insurance?
Life insurance is essential for protecting your family’s financial future. If you’re affected by Crohn’s Disease, we can match you to an insurance provider who understands your health.
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Crohn’s disease is a chronic condition that causes inflammation and damage to the lining of your digestive tract. The causes of Crohn’s disease are thought to be a combination of factors. These include your family history, your immune system, and the environment you live in.
According to research by Crohn’s & Colitis UK, there are over half a million people in the UK living with Crohn’s disease or ulcerative colitis.
Crohn’s disease can affect your health in many ways. Possible health risks caused by Crohn’s disease include bowel obstruction, ulcers, malnutrition and weight loss, blood clots, and colon cancer.
Crohn’s disease is a complex and unpredictable condition that affects each person differently.
How does life insurance work?
Life insurance is one way to provide for your family when you no longer can. If you pass away before the end of the policy, your loved ones will receive a lump sum to pay for funeral costs, cover mortgage or rent payments, and maintain their way of life.
The cost of monthly payments will depend on:
your personal circumstances
what you want the lump sum to pay for
how much cover you need
There are two main types of life insurance: whole life and term insurance. It’s worth finding out how whole life and term insurance differ to choose the best option for you.
Whole life insurance covers you for your entire lifetime. The cost of your premiums will depend on your personal circumstances and how much you want your family to receive. As long as you continue to pay into the policy, your family is guaranteed to receive a lump sum when you pass away.
Term life insurance covers you for a set period of time, generally between 10 and 30 years. If you die during that term, your family will receive a lump sum payout. However, if you die after the policy term ends, your family will receive nothing.
We won’t expect you to know instantly which policy type is right for you and your family. We’ll work together with you to help you figure out which is best for your budget, and your loved ones.
How to find the right life insurance when you have Crohn’s disease
If you have Crohn’s disease, you may worry that it affects your chances of getting life insurance. While suffering from Crohn’s disease may make it harder to find affordable life cover, it’s not impossible.
What you need is the right insurance provider who understands your health problems. That’s where The Insurance Surgery can help.
Is Crohn’s considered a critical illness?
Crohn’s disease isn’t seen as a critical illness by most insurance providers.
However, some insurers may include Crohn’s disease in their critical illness cover. This will depend on the severity and extent of your condition. You will need to provide medical evidence and go through a medical examination to prove your eligibility. You may also be charged higher premiums or have exclusions or limitations on your cover.
If there are any exclusions or issues that may impact your cover, please do not be alarmed. From the very outset, we will always sit and talk to you about the intricate details of your policy. We will only ever proceed your policy once we’re satisfied that you know what you are taking out and how it will protect your family.
Income protection if you need to take time off work
If you have Crohn’s disease, you may need to take time off work due to your symptoms, treatment, or complications. This can affect your income and your financial security.
Income protection insurance provides a regular income until you return to work, retire, or reach the end of the policy term.
Income protection insurance can help people like you cope with the financial impact of taking time off work. Research by Crohn’s & Colitis UK found that people with Crohn’s disease or ulcerative colitis take an average of 20 days off work each year because of their condition.
For you, this number may be different, depending on the frequency of flare-ups, your job, and the support available at work.
The Insurance Surgery can help you find the best income protection for your circumstances and Crohn’s disease life insurance policy. We’ll talk to you about your heath and how it affects your work. And we’ll take the time to look at what protection you already have in place – for example, if your employer offers access to enhanced sick pay packages, or whether you would need to rely on SSP. By paying attention to the small details, we can potentially lower the amount of cover you need and reduce your costs.
Finding an insurer who understands how Crohn’s disease affects your health
If you have Crohn’s disease, you may find it challenging to buy life insurance from some providers.
This is because Crohn’s disease is considered a pre-existing medical condition, which means you have a higher risk of developing health complications or dying prematurely. Some insurers may reject your application, charge you higher premiums, or exclude Crohn’s disease from your cover.
But this doesn’t mean you have to abandon your search for life insurance.
There are insurers who specialise in providing cover for people with Crohn’s disease and other chronic conditions. They have a better understanding of how Crohn’s disease affects your health and can offer you more suitable and affordable policies.
The Insurance Surgery is one of the leading experts in finding life insurance for people with pre-existing conditions. For over 20 years, we have helped customers with Crohn’s disease and other medical conditions to get the best deals on life insurance.
We also offer free and impartial advice and support throughout the whole process.
We pride ourselves on matching you to a provider who will act in your best interests and will take the time to understand how your Crohn’s diagnosis affects your general health.
How much does Crohn’s disease life insurance cost?
The cost of Crohn’s disease life insurance will depend on your personal circumstances and the type of policy you’re interested in.
We can’t give you an exact quote without knowing details such as:
the amount of cover you need
Some insurance companies may provide online calculators to give a ballpark figure, but we think you deserve more. Our insurance quotes take place over the phone because we pride ourselves on finding out as much as we can about you and your health.
That way, you know that any premium price we quote is designed specifically for you.
But here are two examples of customers with Crohn’s disease life insurance to give you an idea:
Crohn’s Disease Life Insurance Example Cost #1
Alice was diagnosed with Crohn’s disease three years ago. She is 35 years old. She works from home and manages her symptoms with medication and diet. She has mild flare-ups every few months, but this doesn’t interfere with her work. She and her husband Tom have three children. Alice works as a graphic designer. Her salary is £30,000. Alice wants a policy to be in place for the next 50 years with a payout of £250,000.
Alice’s monthly premium is £38.04.
She would pay £456.48 per year.
£22824.00 in exchange for a | £250k payout
Crohn’s Disease Life Insurance Example Cost #2
Ben is 55 years old. He works as an engineer and earns £76,000. He was diagnosed with Crohn’s disease four years ago. He has severe symptoms, with regular hospital visits and surgery. He plans to retire soon and wants to leave some money for his son and daughter. He is a widower. He wants to take out a 20-year term life insurance policy with a payout of £350,000.
Ben’s monthly premiums are £127.41
He would pay £1528.92 per year.
£30578.40 in exchange for a | £350k payout
Being honest about your Crohn’s disease
If you have Crohn’s disease, you may be tempted to hide your diagnosis or your symptoms when you apply for life insurance. However, you may be accused of insurance fraud if you conceal your diagnosis. Insurance fraud is a criminal offence, and as a result:
your policy may be cancelled or voided
your claim may be rejected or reduced
your insurer may take legal action against you
your credit rating may be affected
It’s important to be honest and upfront about your Crohn’s disease when you apply for life insurance. You should tell us about your diagnosis, your symptoms, your treatment, your complications, and any other relevant information. This will help us to assess your risk and offer you a fair and accurate quote.
Being honest about your Crohn’s disease will also give you peace of mind that your policy is valid, and your claim will be paid.
How can The Insurance Surgery help?
At The Insurance Surgery, we are a leading specialist insurance broker for people with a medical condition that makes it difficult to find life insurance. We know that having Crohn’s disease can be challenging, but we’re here to help you find the best life insurance policy for your needs and budget.
The Insurance Surgery doesn’t provide life insurance quotes online. Instead, we offer a personalised service over the phone, taking the time to get to know you. We then use our extensive range of insurance providers to find the best deal for you.
The Insurance Surgery has a proven track record of helping people who have been declined for life insurance elsewhere. We also have a price promise that means our quotes won’t be cheaper anywhere else. You can trust us to find the best policy at the best price.
