Life insurance

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Regular Member

Date Joined Mar 2007
Total Posts : 394
   Posted 8/27/2008 9:09 AM (GMT -6)   
So I was declined for life insurance recently, because of the UC. I hear that is pretty normal. I don't have any children but might in the next few years.

I do have Social Security and my employer gives me 1x my annual salary in life insurance without paying anything, but this probably won't be enough to raise kids on.

Does anyone have recommendations on how to get life insurance?
12 Asacol
100 mg Imuran

Forum Moderator

Date Joined Feb 2006
Total Posts : 5698
   Posted 8/27/2008 9:41 AM (GMT -6)   
This subject was discussed recently on this site so I am sure you will get some recommendations. In last month's Money Magazine they recommended skipping life insurance and investing that money in a retirement program. Their belief is that the chances of one passing away are very slim but everyone is going to need money in retirement so that's where the focus should be. If something were to happen to you; your family would be the beneficiaries on your retirement. You might want to discuss this subject (life insurance) with a financial advisor.

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

Regular Member

Date Joined May 2007
Total Posts : 169
   Posted 8/27/2008 9:49 AM (GMT -6)   
I applied for some more life insurance through my financial planner last year, when I was sick and on lots of meds. I get 1.5 times my salary at work, but wanted more. He sent the application to several places. Most denied, but a couple accepted it, but at a higher premium. I was advised to try again when I was better and not on Prednisone, and hadn't had a colonoscopy or any other procedures done for a while. So I might apply again later this year.

Regarding investing that money into retirement instead of life insurance. I'm not sure that would do much good. Life insurance probably costs a few hundred dollars a year for hundreds of thousands of dollars of coverage. Putting a few hundred dollars a year into retirement isn't much.
UC diagnosed Dec. 2006
Azathioprine 200mg/day
Multivitamin, fish oil, fiber supplement, Nature's Way Primadophilus Optima, Digestive Advantage Crohn's & Colitis

Regular Member

Date Joined Apr 2007
Total Posts : 116
   Posted 8/27/2008 9:58 AM (GMT -6)   
I was able to get extra above the base amount through my employer's plan without a medical exam or medical questions of any sort.

-Lialda (4 pills/day), canasa, Align probiotic, kefir, multivitamin, calcium with vitamin d, iron

Regular Member

Date Joined Jul 2007
Total Posts : 262
   Posted 8/27/2008 2:11 PM (GMT -6)   
I have 300k worth of term life for $54 a month.. Got it with the UC diagnosis no prob.
Male 36yrs old. Indeterminate Colitis 6 yrs.

Fish Oil
multi vitamin

Regular Member

Date Joined Mar 2007
Total Posts : 394
   Posted 8/28/2008 8:33 AM (GMT -6)   
Harpo said...
I have 300k worth of term life for $54 a month.. Got it with the UC diagnosis no prob.

What company? And what country or state do you live in?
12 Asacol
100 mg Imuran

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