Life Insurance with Crohn’s Disease

Crohn’s Disease & The Need For Life Insurance 

Crohn’s disease affects both your health and your finances, making it all the more important to get life insurance protection.

The Health Impact

Crohn’s disease is a type of inflammatory bowel disease where an abnormal immune system response causes chronic inflammation in the digestive tract. When the immune system tries to fight off harmful microorganisms, it attacks the cells in the gastrointestinal tract too.

Crohn’s disease also increases your risk for further complications, including ulcers, bowel damage, and colorectal cancers.

The Financial Impact 

A recent cost of care study conducted by the Crohn’s & Colitis Foundation concluded: The costs of care for IBD have increased dramatically in the last five years. The study estimated the annual cost of care for Crohn’s disease is around $22,000.

No one plans on getting Crohn’s or any chronic health condition for that matter. Therefore, those who do will likely have to make adjustments to their original financial plan.

How Life Insurance Can Help

It’s hard to predict precisely how Crohn’s will affect your finances. However, regardless of what may come, the right life insurance policy can help you protect your health, finances, and the ones you love. 

Life insurance funds are paid directly to your beneficiary, and they can use the money however they need.  Typically, policy funds help pay for funeral costs, unpaid medical bills, and personal debts. 

Life Insurance Options For People with Crohn’s Disease 

Depending on the severity of their symptoms, Crohn’s patients may have multiple life insurance options available.

Final expense life insurance is available for individuals with mild conditions and who have no other health complications. These policies have no medical exam. However, there is a health questionnaire. Final expense plans go as high as $40,000, and there are lots of insurance providers to shop and find your best price.

Guaranteed Acceptance Life Insurance is a last resort coverage option for individuals who fail to qualify for other policy types.  Typically, if your condition and symptoms are severe, this is your only coverage option.   Guaranteed acceptance forgoes all medical underwriting, meaning there are no medical exams or any health questions whatsoever.  As long as you’re between ages 50 and 85, your acceptance is guaranteed.

How Crohn’s Disease Affects Life Insurance Rates

It’s no surprise that individuals shooting for life insurance with Crohn’s disease are going to pay higher premium rates. That goes for all pre-existing medical conditions.   However, that doesn’t mean that the rates are unaffordable.

Life insurance is an investment, not an expense.  The money you invest through premium payment grows and is returned to your beneficiary in the time they’ll need it the most.  We often tell our clients that life insurance should be looked at as a forced savings plan for the inevitable costs of the future.

While the final cost of your policy will depend on your age, health, sex, state of residence, policy size, and insurance provider, most people pay between $85 – $170 per month for final expense coverage.

Finding Your Best Policy

Our independent insurance agency specializes in helping those in poor health secure the fund they need to protect their families.  We help you shop and compare life insurance companies across the country to find your best policy and price.  We also provide a streamlined application process to make enrollment as easy as possible.

Our services are free. And there’s never any obligation when working with an agent.

Explore your options today by filling out the form on your screen. You’ll instantly see life insurance rates for people with Crohn’s disease.