This is a collaborative post
There’s no getting away from it, finding the motivation to deal with life admin is hard enough, but add in a complication – like living with Crohn’s disease – and it’s all too easy to put it off.
Because Crohn’s disease can be a volatile condition, which varies greatly between sufferers, arranging life insurance, critical illness cover, or income protection can feel overwhelming.
Not knowing which insurance providers will ask the right questions to pitch you a premium you can tolerate can be enough to put you off looking altogether.
While you may have come across some insurance providers who don’t offer insurance to people with Crohn’s disease, there are plenty of insurers who do. There are even firms who specialise in protection for people suffering from Inflammatory Bowel Disease, including Crohn’s.
If you want to get some insurance cover sorted, here are five useful hints and tips to help get you started:
1. Be Prepared
Knowing what to expect is half the battle, so when you start looking for insurance you need to be ready to answer certain questions.
Things an insurance provider will need to ask in order to assess the price you might need to pay for any sort of life, critical illness or income protection insurance include:
- When was your Crohn’s diagnosed?
- What medication do you take?
- Have you had, or are you awaiting any treatment or surgery?
- How long ago was your last attack?
- How frequently do you suffer symptoms?
- How severe are your symptoms?
- What part and how much of your digestive system is affected?
2. Apply at the best time
If you’re shopping for life insurance and your Crohn’s diagnosis happened within the last 6 months, you have a legitimate reason for procrastinating a little longer because insurers won’t consider your application in the first 6 months after your diagnosis. This is because an insurance company will want to ensure that your diagnosis is correct.
If possible, it’s also a good idea to apply for your insurance a while after your latest flare-up. The longer it is since your last flare-up happened, the more likely your application will be approved and the cheaper the premiums you’ll need to pay.
3. Consider other influencing factors
The rate you’re charged for cover will depend on more than just your Crohn’s disease. Insurers will also assess:
- Your age
- Heart rate
- Blood pressure
- Whether you drink or smoke
- Medical history
Naturally, the amount of cover you’re seeking will also affect the premiums you are quoted.
4. Protect your income
As well as life insurance and critical illness cover, another insurance product you might find useful when you have Crohn’s is income protection.
If you’re in the fortunate position of having had some form of income protection ahead of your diagnosis that will probably have been a huge relief for you. No doubt you may already have benefited from having it in place, especially if you were forced to take time off work on, or around, the time of your diagnosis.
If you’re looking for income protection after your Crohn’s diagnosis, you should be able to get cover, but it’s likely you’ll be charged higher premiums.
If your Crohn’s is severe most insurers would exclude it from an income protection policy due to the increased likelihood that your Crohn’s would be more likely stop you from being able to work for potentially lengthy periods, therefore making cover unfeasible.
This doesn’t mean you can’t get cover, just that the cover you buy will exclude Crohn’s disease, or complications caused by Crohn’s.
5. Get more support
If the idea of getting your insurance admin sorted is still feeling too much, you can find more help from Crohn’s and Colitis UK.
For more general information about insurance, The Money Advice Service provides independent advice about a wide range of insurance and financial information.
If the idea of getting your insurance admin sorted is still feeling too much, Online Money Advisor works with independent insurance advisors who can help you get the right insurance in place.Follow me on social media for more!
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