Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Yes, you can get life insurance with ulcerative colitis. Each carrier may respond very differently to this condition - they each have their own underwriting guidelines (e.g. company A offers a better risk class than company B, therefore lower premiums from company A). The risk class a carrier will approve for your program will depend on the details of the medical history including how long you've had the condition, the severity, ulcer history, and other factors.
This type of condition can result in a substandard rate class (table-rated program) with many carriers so you will want to work with an independent life insurance broker who can shop the case for you.
Keep in mind, applying to multiple carriers at once can be a red flag and work against you. One of the most common parts of the underwriting process is an MIB check (the Medical Information Bureau). For example, if the MIB check shows you've applied to 10 different companies and you've gotten declined several times or been rated with a high table-rating, the carriers will obviously express concerns.
That is a great question, and I am glad that you asked! I believe a great number of people are just like you - they have some issues with their health, and it causes them to think that insurance would either then be denied, or unaffordable. The truth is that there are affordable plans and coverage amounts out there, and a good agent can find one to fit you. In a case like yours, having an agent to do the footwork for you is definitely a good thing! If you'd like more information, please visit my profile, and contact me through the link. I'd be happy to tell you more.
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This type of condition can result in a substandard rate class (table-rated program) with many carriers so you will want to work with an independent life insurance broker who can shop the case for you.
Keep in mind, applying to multiple carriers at once can be a red flag and work against you. One of the most common parts of the underwriting process is an MIB check (the Medical Information Bureau). For example, if the MIB check shows you've applied to 10 different companies and you've gotten declined several times or been rated with a high table-rating, the carriers will obviously express concerns.