Did you know that GI problems affect your eligibility for life insurance and the price you’ll pay?
It’s true, especially if you end up with the wrong life insurance company as there are large differences between companies.
You may even be wondering if life insurance is even available?
It is, and we show you how to get it here.
GI Problems Overview
The more time that has passed and the greater control you have over your medical condition, the better the underwriting outcome.
Underwriters look at 5 areas:
- Your exact diagnosis
- Time since diagnosis
- Treatment received
- Current control of the condition
- Overall health history
The timing of life insurance related to flare-ups makes a HUGE difference in underwriting outcomes.
Most GI conditions have periods of time when there are little to no symptoms, followed by a flare-up. Getting coverage now and planning for the future is the best way to go.
Expert Tip – Get coverage now. We can then discuss re-shopping your coverage in between flare-ups to try and get a better rate.
Working with a high-risk expert ensures you get the best rate available for your individual health.
Get an instant life insurance quote now. We recommend using the “standard plus” “standard” health class as a starting point.
Life Insurance by Type of GI Problem
The good news is that there are life insurance companies that specialize in gastrointestinal conditions.
Working with those companies ensures you get your best outcome.
Since the best company varies by type of condition, check out our individual guides for:
For other GI issues such as Irritable Bowel Syndrome (IBS), the impact on life insurance underwriting is minimal if at all.
GI Underwriting Questions
We find the best company for you by using a quick quote process.
Your health history is summarized and shopped to companies on an anonymous basis.
It takes about 3 days to hear back from all companies that are competing for your business.
We need to know the following to provide you with accurate quotes:
- What type of health issue do you have?
- When were you diagnosed?
- How severe is your condition?
- What type of treatment did you receive?
- When did your treatment begin and end?
- Were you cured or do you require ongoing treatment?
- What medications do you take?
- Do you have recurring symptoms? If yes, what are they?
- Have you been declined for life insurance?
- If yes, by which company?
Underwriters will also want to know if you have other high-risk health conditions such as heart disease, cancer, or family history of parents or siblings having any of these conditions.
As a guideline for severity, the American College of Gastroenterology classifies GI problems by severity.
Once we receive underwriting feedback, we’ll let you know what each company has to say in terms of underwriting and price.
At that time we can look at coverage amounts and term lengths available to help you decide on your best option.
Take a look at our instant term life insurance quotes now…use the “standard plus” or “standard” health class to give you a ballpark range of price. ->
Which Companies are Best for GI Issues?
The best life insurance companies will depend on the history and current state of your GI condition.
We’ll provide you with the no-obligation, pressure-free quotes to show you which insurance carriers will be best for you.
We can then discuss things such as the type of life insurance to get, fully underwritten vs. no exam life insurance, etc.
For severe health conditions, we may have to look at options such as guaranteed issue life insurance or accidental death coverage.
Previously Rated or Denied Due to GI Problems
It doesn’t matter if you’ve been table-rated or denied life insurance in the past due to gastrointestinal problems.
Most of our clients find us after they were rated or declined for life insurance elsewhere.
For most people, you may have simply applied to the wrong company the first time.
We’ll make sure you get to the right life insurance company with us!
We’ll work together to understand your health history.
We’ll show you the options available based on your health and tell you which companies to work with and which ones to avoid.
While underwriting has become a little more complicated with coronavirus, we still have companies available.
Please take a few minutes to get a No Pressure, No Obligation life insurance quote today.
Michael Horbal is the founder and owner of RiskQuoter.com and a licensed life insurance agent who has helped thousands with affordable protection for families and businesses.