Life Insurance

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OkieStateGirl
Regular Member


Date Joined Jan 2005
Total Posts : 81
   Posted 7/30/2008 2:07 PM (GMT -6)   
I am 22 years old & was recently declined life insurance coverage with a well known insurance company due to my UC.  I was attempting to take out a universal/whole life policy & they won't even insure me at a sub-standard rate.   I know I can probably do a simple term policy with another company but since I'm young I would obviously prefer a whole policy. 
 
Has anyone had success in taking out a universal life policy after being diagnosed with UC?  If so, with what company?  Any other suggestions/tips are greatly appreciated!
 
Thanks, Jennifer  

Jennifer, 21
Diagnosed 2002-age 16
 
Imuran 100 mg
Lialda 2.4 gm
Prilosec 20 mg
 


suebear
Veteran Member


Date Joined Feb 2006
Total Posts : 5698
   Posted 7/30/2008 2:54 PM (GMT -6)   
I am curious as to why you need life insurance at your age? Do you have children? I have always viewed life insurance as one of those items that is really only necessary if you have children and have a spouse who does not work and would not have the ability to earn your income should you pass away.

Just my 2 cents.

Sue
dx proctitis in 1987
dx UC in 1991, was stable until 1998

1998 started prednisone, asacol, pentasa, nortriptylene, ativan, 6MP, rowasa enemas and suppositories, hydrocortisone enemas, tried the SCD diet, being a vegetarian, omega 3s, flax, pranic healing, yoga, acupuncture, probiotics

2000 lost all my B-12 stores and became anemic

2001 opted for j-pouch surgery- now living life med-free


jano437
Veteran Member


Date Joined Jul 2005
Total Posts : 1614
   Posted 7/30/2008 3:46 PM (GMT -6)   
Suebear is right. If you are single with no dependents, you do not need life insurance. If you are worried about the cost of burial, put money in a money market account and save for it. Better you get the interest than an insurance company. Also just my 2 cents
Diagnosed July 2005 with Pancolitis
Asacol 4 tabs 3 times daily
Pro-Bio
Forvia
calcium
Diosmin(for leg and vein support)


expecting226
Regular Member


Date Joined Jul 2007
Total Posts : 402
   Posted 7/30/2008 3:47 PM (GMT -6)   
We have life insurance but after the birth of our son six months ago, we decided to purchase more.  I was approved for an increased whole life policy, even with my UC.  I didn't get the top-level superstar rate, but I didn't get the second level rate.  Not bad at all.

If I were you, I would try another company.
Wearing many hats: Mother, Wife, Daughter, Professional, Sister, Friend
 
Current Medications:
- Asacol (4 pills, 3x per day)
- Rowasa (1 enema daily, as needed)
- Folic Acid (1 mg, 1x per day)
- Calcium (600 mg, 2x per day)
- Multi-Vitamin (1x per day)


expecting226
Regular Member


Date Joined Jul 2007
Total Posts : 402
   Posted 7/30/2008 3:48 PM (GMT -6)   
I forgot to add... the company we deal with is New York Life.
Wearing many hats: Mother, Wife, Daughter, Professional, Sister, Friend
 
Current Medications:
- Asacol (4 pills, 3x per day)
- Rowasa (1 enema daily, as needed)
- Folic Acid (1 mg, 1x per day)
- Calcium (600 mg, 2x per day)
- Multi-Vitamin (1x per day)


OkieStateGirl
Regular Member


Date Joined Jan 2005
Total Posts : 81
   Posted 7/30/2008 7:40 PM (GMT -6)   
suebear said...
I am curious as to why you need life insurance at your age? Do you have children? I have always viewed life insurance as one of those items that is really only necessary if you have children and have a spouse who does not work and would not have the ability to earn your income should you pass away.

Just my 2 cents.

Sue

 
 
      I don't have children now but I do plan to have them someday!  The younger you are the cheaper/easier it is to get life insurance, so I'm trying to prepare for the future now.  I have a small existing policy from when I was a baby & hopefully I will be able to increase the amount on the existing policy.  If I am unable to increase the amount then I will need to start looking for another company!
 
Thanks for your responses!

Jennifer, 22
Diagnosed 2002-age 16
 
Imuran 100 mg
Lialda 2.4 gm
Prilosec 20 mg
 


ChiCubs7
Regular Member


Date Joined Jul 2008
Total Posts : 24
   Posted 7/30/2008 7:45 PM (GMT -6)   
Depending on future employers, it's possible that they will give you life insurance by default just by being employed with them. Probably, the bigger the company, the more likely they will give you default coverage. Just don't be an idiot like me and opt out then try to get back in only to be rejected.
Ken, 24 years old

Seborrheic Dermatitis diagnosed Jul 08 (flaring) - Fluocinonide Topical QHS, Ketoconazole 2% Shampoo TIW
Left Sided Ulcerative Colitis diagnosed Jan 08 (flaring) - 50mg Azathioprine QD, 4 x 1.2g Lialda QD, 5mg Prednisone QD, 1000mg Canasa QHS
Minimal Change Disease diagnosed Feb 06 (in remission) - 10mg Lipitor QD

1200mg Fish Oil BID, 400 IU Vitamin D + 600mg Calcium BID, 2mg Garlic Oil QD, 500mcg Biotin, 150mg Oil of Oregano, 4 x 3g Metamucil Fiber Capsules QD, 2 x VSL#3 Capsules QID, Culturelle HS QW, Nature's Way Primadophilus Reuteri QD


suebear
Veteran Member


Date Joined Feb 2006
Total Posts : 5698
   Posted 7/30/2008 9:49 PM (GMT -6)   

I think a better investment, at your age, is for retirement.  Chances are you are going to live a long life and will need those benefits before needing life insurance.

Sue


dx proctitis in 1987
dx UC in 1991, was stable until 1998

1998 started prednisone, asacol, pentasa, nortriptylene, ativan, 6MP, rowasa enemas and suppositories, hydrocortisone enemas, tried the SCD diet, being a vegetarian, omega 3s, flax, pranic healing, yoga, acupuncture, probiotics

2000 lost all my B-12 stores and became anemic

2001 opted for j-pouch surgery- now living life med-free


FitzyK23
Veteran Member


Date Joined May 2005
Total Posts : 4219
   Posted 7/31/2008 7:56 AM (GMT -6)   
If you plan on going back to school at all life insurance is key. Student loans survive death (except Staffords) and if you have a co-signor you need life insurance so they aren't sadled w/ your loan for life. I have loans for law school and with a lawyer salary will be able to pay them back. But if I die, my husband surely couldn't afford to live and pay off my loan. Hence my life insurance. I am insured through my husband's employer under group insurance. I just had to check off that I had never had cancer or aids I think. No questions about IBD.
26 Year old married female law student (last year!!). Diagnosed w/ CD 4 years ago, IBS for over 10 years before that, which was probably the CD. I am sort of lactose intollerant too but can handle anything cultured and do well w/ lactose pills and lactaid. For crohns I am currently on Pentasa 4 pills/4x day and hysociamine prn. I also have bad acid reflux and have been on PPI's since age 13. I have been through prilosec, prevacid, and nexium. Currently I am on Protonix in the morning and Zantac at night. I also take a birth control pill to allow some fun in my life.


Kiss520
Veteran Member


Date Joined Jun 2008
Total Posts : 742
   Posted 7/31/2008 8:28 AM (GMT -6)   
You're absolutely right about getting in while you're young and while its at its cheapest. Considering the complications that can come from UC and its nasty medications, I think you're smart to get it while you're young and healthy (relatively speaking). I got a much better rate than my husband when we got our insurance, and its was only because I'm five years younger than him. Keep looking at other companies.
Katie, 30.   Chicago 'burbs.
DX:  Ulcerative Proctitis (10cm) January '08
Current Treament:  Rowasa 60 ML 2X daily, Cortenama 100 ML 1X daily, Bentyl 20 MG (as needed), Acidophilus 3X daily, Fish Oil and Multivitamin daily.
Diet/Exercise:  Sugar elimination.  Daily yoga, walking, or cardio w/weights.
Previous Treatment:  Canasa suppositories, Cortifoam, Prednisone, Colazal, Symex DuoTabs, Vitamins.
Status:  Flare (showing some improvement)
 
 


kb5
Veteran Member


Date Joined Jan 2007
Total Posts : 1015
   Posted 7/31/2008 11:30 AM (GMT -6)   
My husband sells life insurance in IL. He said that in IL UC won't affect the ability to get life insurance. Health yes but not life. Laws differe by state so he couldn't say for sure about anywhere but IL.
Kelly, 30

Left sided UC diagnosed 1/98 age 19, Pan colitis diagnosed 1/07
Currently on 4x3 Asacol, no more pred after two years!!!! Off imuran as remicade is working!
Prontonix once daily for acid reflux, zofran 8mg every six hours for nausea
Remicade started 3/1/08...just had 4th infusion


Beth75
Veteran Member


Date Joined Jul 2007
Total Posts : 2148
   Posted 7/31/2008 12:20 PM (GMT -6)   
my 2 cents, if you want to get life insurance get it young just in case you get something the ins. co's don't want.........I am going to have difficulties b/c I have Kidney Disease, if I got the insurance before I got Kidney Disease it would be totally different. I haven't started to shop around yet but I don't think I am going to be at the top of anyone's 'want to insure list'.

I do have life insurance at work but it maxes out at $100k. I also have 401k and stuff but when I have kids I am going to have to rely on those things for them, not life insurance.
Beth, 32 ~ hoping to taper pred successfully, wish me luck!
Major Flare Sept/Oct 07
UC dx'd 03/00 (Proctosigmoiditis); Pancolitis since 09/07
Azathioprine 200mg 1xday nightly; Calcium and Vit D 500mg 3xday, Multi Vit, Folic Acid 400mg 2xday, Prilosec, Probiotics.
Minimal Change Disease (Kidney Disorder) dx'd 09/07 - partial remission since 03/08
Prednisone 20mg 1xday, Simvastatin 20mg 1xday, Diovan 160mg 2xday. Tekturna 300mg 1xday, Fosomax 70mg 1xweek. MCD may be from hypersensitivty to 5ASA drugs.  Do you have edema? If so, check your blood protien level!
 


OkieStateGirl
Regular Member


Date Joined Jan 2005
Total Posts : 81
   Posted 8/1/2008 11:21 AM (GMT -6)   
Thanks for all of your replies! All of them give great information & something to think about. I never thought about paying off student loans if I were to die (& who knows for how long I'll be paying those off for!). I'm also going to look closer into the laws here in Oklahoma.
Jennifer, 22
Diagnosed 2002-age 16
 
Imuran 100 mg
Lialda 2.4 gm
Prilosec 20 mg
 


teacupsunderfire
Regular Member


Date Joined Jul 2008
Total Posts : 46
   Posted 8/1/2008 7:41 PM (GMT -6)   
Jenn, UC will not kill you, Its all about quality of life, Moving foward, I am 22 as well, I have a soon to be 6 year old. My whole life insruance policy is under 3mill with met life.
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