As a general rule of thumb, whenever we have an individual give us a call requesting a quote for life insurance who has also been diagnosed with a pre-existing stomach or esophageal ulcer, we usually don’t get too worried about whether or not they’ll be eligible for a traditional term or whole life insurance policy.
This is because…
In general, those who have been diagnosed with these types of ulcers will “usually” still be eligible for a Preferred life insurance rate, assuming that they would otherwise be eligible.
But this does not mean…
We can simply ignore the fact that you’ve been diagnosed with a stomach ulcer because after all, they are a serious medical condition.
In fact, up 15% of people who develop an ulcer will also experience some degree of internal bleeding which can be life-threatening.
This is why…
When it comes time to purchase a traditional term or whole life insurance policy, it’s important to understand the difference between the different “types” of ulcers and individual can develop and recognize which symptoms the insurance underwriters are going to be most concerned about.
About Stomach Ulcers:
Stomach ulcers can go by many names, but in general, when someone is talking about a “stomach” ulcer, they are usually referring to a peptic ulcer or peptic ulcer disease (PUD).
Peptic ulcer disease is a term used to describe painful sours or abscesses located in the lining of the stomach.
Now there are three different types of peptic ulcers one should be familiar with, which are:
- Gastric ulcers, which are ulcers that are located within the stomach itself.
- Esophageal ulcers, which are ulcers that are located within the esophagus, and may be related to other medical conditions such as:
- Gastroesophageal reflux disorder (GERD).
- Or Barrett’s esophagus.
In which case, you’ll also want to mention that you’ve been diagnosed with one of these conditions as well so that the cause of your esophageal ulcer can be fully understood.
- Duodenal ulcers, which are ulcers that are located in the upper section of the small intestine, called the duodenal.
Symptoms of an Ulcer.
Common symptoms that one might experience with a “mild” ulcer may include:
- A bloated feeling.
- Pain, on an empty stomach.
- Nausea or vomiting.
Symptoms of a “severe” may include:
- Vomiting blood.
- Unexplained weight loss.
- Severe pain.
- Blood in the stool.
What causes someone to develop an ulcer?
While the verdict is still out on what causes EVERY single ulcer, what has been discovered is that the vast majority of ulcers seem to be caused by a bacterial infection caused by the Helicobacter pylori bacterium (H.pylori).
Now whether your ulcer has been caused by a H. pylori infection or may be due to some other factor that is believed to increase you risk of suffering from an ulcer such as:
- Use of nonsteroidal anti-inflammatory medication.
- Excess consumption of alcohol.
- Use of a tobacco or nicotine product.
- Or some other pre-existing medical condition which may have caused damage to your stomach lining,
One thing is true, the end result will lead to an imbalance between the digestive fluids in the stomach and the portion of the body being effected.
Treatment options will usually include a combination of both prescription medications and lifestyle changes. Common medications that may be prescribed will include:
- Proton pump inhibitors to reduce the amount of stomach acid produce by an individual.
- Antibiotics to help fight off any H. pylori bacteria.
Ulcers, and the life insurance application process.
As we stated before, simply being diagnosed with an ulcer isn’t going to cause a disaster during your life insurance application. It’s also not “necessarily” going to mean that you’re going to have to now pay more for your life insurance that you would had you NOT been diagnosed with an ulcer.
All its really…
Going to mean is that you’re now probably not going to want to simply apply for a traditional life insurance policy without doing a little bit of research first about “which” life insurance companies are going to be the most lenient when it comes to offering coverage for someone who has been diagnosed with an ulcer.
There are literally 100’s of qualify life insurance companies operating within the United States. Each of these companies is going to have their own unwriting guidelines when it comes to determining who the will and who they won’t insure. They are also going to have their own internal underwriting guidelines that they will used to determine what “price” you will need to pay for your coverage.
Many of these “guidelines” will be quite similar for one company to the next, when it comes to certain medical conditions like suffering from an ulcer where the difference between applying with one company vs another could mean the difference of being approved for a Preferred rate vs a Standard rate.
This is why…
Before we ever consider sending your life insurance application to an insurance company, we’re going to ask you a series of questions about your condition so what we can get a better idea about “which” life insurance company might be the best for you.
Common questions we’ll like ask will be:
- How old are you?
- What is your current height and weight?
- What type of ulcer do you have?
- What symptoms are you experiencing as a result of your ulcer?
- How are you treating your ulcers?
- Have you ever been hospitalized due to your ulcers?
- Are you currently working now?
- In the past 12 months, have you applied for or received any form of disability benefits?
From here, we’ll generally have a pretty good idea about what “types” of life insurance policies you’ll typically be eligible for as well as “which” life insurance companies are most “likely” going to provide you with the best opportunity for success.
Here at InsuranceBrokersUSA, because we’ve chosen to remain an independent life insurance brokerage that is able to work with dozens of different life insurance companies, we don’t have to simply rely on the “decision-making” process of just one or two different life insurance companies. Instead, we’re able to “shop” dozens of different life insurance companies and make them compete for your business!
So, what are you waiting for? Give us a call today and see what we can do for you!