It depends on the company when buying it private. By the way, I have never seen the question of UC or AI diseases being asked on an application. The usual questions are about severe conditions involving the heart, lungs, cancer & aids. A lot of company's do not require a physical. Be sure to look at your company policy closely & here is why. My husband worked & retired from a company after 37 years. When he turned 70, the policy became null & void. There was no reimbursement of any of the premiums he paid all of those years either. This is not uncommon at all. This has happened with many of our friends too. Read the fine print! Had we known this, we could have put that money in another account somewhere.
I think I once applied for a policy with Mutual of Omaha and the questionnaire asked about
any diseases. I put down UC and they denied me for that reason.
Next time I apply for a policy, I'll see if the wording is specific to cancer/heart/lung conditions.
But the problem is, I think even if you were to get a policy (let's say for $10 Mil), if you died for any reason related to your UC, the insurer would just deny the payout. I hear this is quite common.