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Crohn's Disease Life Insurance Underwriting

Life insurance is the best investment you’ll ever make for your loved ones. It’s one of the few ways you can ensure that your family has the money they need, regardless of what happens. When you shop for life insurance, there are several factors you need to consider to ensure you’re getting the best rates possible.
When you apply for life insurance, the company is going to review dozens of factors to determine how much they are going to charge you for insurance protection. One of the most important factors they are going to review is your health. If you have Crohn’s disease, you might be worried about getting declined for life insurance coverage. Don’t worry, it’s possible to get quality and affordable life insurance protection, even with a pre-existing condition.  

Questions for Insurance Underwriting

Applying for life insurance with Crohn’s disease is going to bring some unique challenges. There are several questions they are going to ask you ask you about your condition. The answer to these questions are going to play a huge role in how much you pay for your coverage.
The first question they are going to ask is, “when were you originally diagnosed?” They will also want to know how many episodes you’ve had in the past 6 months and the past couple of years. The insurance company wants to see you are safely and effectively managing your conditions and improving your health. The fewer episodes you’ve had, the better you’ll look to the insurance company.
The insurance company is also going to ask you about the treatments you’re using and if you’ve ever been hospitalized because of your Crohn’s disease. If you’ve ever been hospitalized as a result of the Crohn’s, then you’re going to be facing higher insurance rates, especially if it was recent.
These are only a few of the questions the insurance company is going to ask you. They will also ask you dozens and dozens of questions about your overall health and your family history. They will use all of the answers to determine how much risk you are for your insurance coverage.

Getting Lower Insurance Rates

If you’re worried about having to pay a fortune for your life insurance protection, don’t worry, there are several ways you can lower your insurance premiums and keep more money in your pockets. The first thing you should do is improve your health. Before the insurance company gives you life insurance, they are going to require you take a medical exam unless you have chosen to purchase a no medical exam life insurance policy, which will come with a higher premium rate. The results of the medical exam are going to play a huge role in how much you pay for life insurance every month. If you want to want to save money, you’ll need to get better results from the medical exam.
The two best ways you can do that is to get regular exercise and stick to a healthy diet. Both of these will help you lose weight, lower your blood pressure, lower your cholesterol, and drastically improve your health. Losing weight can save you hundreds of dollars every year on your life insurance coverage. In fact, applicants who are overweight are going to pay 50% more for life insurance.
Another way you can save money is to cut out any cigarettes or chewing tobacco you currently use. If you use any form of tobacco, then you’re going to pay much more for your life insurance coverage. In fact, smokers are going to pay at least twice as much for their insurance protection compared to what you would pay if you didn’t smoke. Smoking can make the symptoms of Crohn’s disease much worse. If you want to save money, quitting smoking is one of the best ways you can do that.
The best way to ensure you’re getting the lowest rates is to compare dozens and dozens of plans before you decide which one is best for you. Every insurance company is different, and all of them are going to give you different quotes depending on their medical underwriting and rating system. Some companies might decline for you for protection while other companies could offer you affordable insurance.
There are over 800 companies on the market, each of them is going to view your Crohn’s disease differently. Instead of wasting hour and hours calling different companies, let one of our independent insurance agents do all of the hard work for you. Unlike a traditional insurance agent, our independent agents work with dozens and dozens of highly rated companies across the nation, which means we can bring all of the best premiums directly to you.
Regardless of your health or any pre-existing health complications, it’s possible to get affordable insurance coverage. Don’t let your health keep you from getting an affordable insurance policy. Not having life insurance is one of the worst mistakes you could ever make for your loved ones.
If something awful were to happen to you, and you didn’t have life insurance, then your family would be stuck with a massive amount of debt and other final expenses. Losing someone you love is never going to be easier, but having a mountain of debt is going to make the whole situation that much worse.

Transcript:
Hi, this is Liran Hirschkorn from Chooseterm.com, and today I want to talk
to you about life insurance with Crohn's Disease. So, if you have Crohn's
Disease, maybe you've applied for life insurance in the past, its possible
you've been declined coverage for one of several reasons, but if you do
have Crohn's Disease you can get approved for life insurance. At
chooseterm.com, we're an independent agency and we know which companies are
more likely to approve you based on having Crohn's Disease. So, what are
some questions that we're going to want to know to help you get the best
rate and get a policy that you can afford and get approved?
So, we want to know what was the original date of the diagnosis, how many
episodes you've had in the last five years. We're going to want to know
how many episodes you've had in the last six months, if any. We're also
going to want to know the kind of treatment you've had, do you take
medication, how long have you been taking medication, how often do you take
medication? We're going to want to know a little bit about the treatment
methods for the Crohn's Disease. Lastly, we're going to want to know about
hospitalization. Have you ever had surgery for the Crohn's Disease, was
surgery recommended, have you been hospitalized for the Crohn's Disease?
So, based on this information we can help you find the right carrier for
your specific situation, and hopefully help you get approved for a policy.
Now, you can get standard rates for a policy if you've had less than 3
episodes and the Crohn's Disease is really under control, and its very very
mild. If you've had more than 3 episodes, you're probably looking at
what's called the substandard rating of table 2 to 4, which is a little bit
of an increase in price from the standard rating. If you've had surgery or
surgery has been required and hospitalization, then you're going to look at
a higher rating which means an increase in the price, probably around
somewhere of a table 6 to 8 rating. Based on your specific situation we
can help you assess where you fit in, we'll ask you the right questions and
we'll be able to match you up with the right life insurance company.
You can speak directly to me, Liran Hirschkorn, I'm the founder of the company, or you can visit our
website at chooseterm.com. Fill out our quote request form and we'll help
you get a life insurance policy with your condition. Thank you.