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Qualifying for Life Insurance with Colon Polyps
Most of the when we have a client that specifically ask us if a specific pre-existing medical condition is going to affect their life insurance application because they’ve been diagnosed with colon polyp, it’s usually because they’ve just recently received this diagnosis.
This is usually because…
If the client has had their colon polyps for awhile, in most cases, the polyp will have been removed and biopsied so that we now know whether or not the polyp was cancerous.
Getting Life Insurance with Colon Polyps
When it comes to purchasing a traditional term or whole life insurance policy, insurance companies are going to require that you first, have the polyp/polyps removed, then have the removed polyp/polyps biopsied so that it can be determined if they are benign or cancerous. Getting life insurance with cancer can be very difficult.
If you have been diagnosed with cancer then you need to consider either simplified issue or guaranteed issue life insurance.
Simplified issue no exam life insurance only requires answer to health questions. Some companies will do a background check as well, including a Rx database check, medical information bureau and even MVR records.
Guaranteed issue life insurance does not require an exam or even health questions. However, it does come with a graded benefit so that needs to be considered when deciding on what policy is best for you.
Finally, if you are to young to qualify for guaranteed issue, you might decide that accidental death insurance is the way to go.
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So what are Colon polyps?
Colon polyps are small “clumps” or “clusters” of cells that form on the lining of the colon, and while the vast majority of these “clusters” are harmless, over time, some colon polyps can go on to develop into colon cancer.
Common types of polyps
Knowing what “type” of colon polyp that you have been diagnosed with will play a potentially significant role in the outcome of your life insurance application. This is why it’s important to understand the difference the 3 types of colon polyps and understand why an insurance underwriter will want to know which kind you have.
- Adenomatous polyps
- Adenomatous polyps account for nearly 2/3 of all colon polyps and fortunately only a small percentage of them become cancerous. That being said however, nearly all malignant polyps are adenomatous.
- Serrated polyps
- Have the ability to be both benign or cancerous depending upon where they are located in the colon. The good news is that these types of polyps are rarely malignant.
- Inflammatory polyps
- Inflammatory polyps are polyps which may develop after a bout of ulcerative colitis or Crohn’s disease. The good news is that these polyps themselves are not generally considered a threat to ones’ health, however, ones’ ulcerative colitis and/or Crohn’s disease will now have to be accounted for during ones’ life insurance application.
Potential Symptoms associated with colon polyps
While it is common for individuals not to experience any symptoms from their colon polyps, one should seek medical care if they do experience any of the following symptoms, because it could be indicative of having a colon polyp present.
- Rectal Bleeding.
- Stool color changes.
- Constipation or diarrhea.
- Pain, nausea and or vomiting.
So what'cha got?
As you can see, when it comes time to helping someone who has been diagnosed with a colon polyp, there are a few things that we’re just going to need to know first before we’re going to be able to know what “type” of life insurance policy you’re going to be eligible for and what “price” you may be expected to pay.
Questions we’ll need answers to…
- How old are you now?
- What is your current height and weight?
- When were you first diagnosed with colon polyps?
- Did you have them surgically removed?
- Were you’re polyps cancerous or benign?
- Do you know what “type” of polyps you had?
- Do you suffer from any type of inflammatory bowel disease such as Crohn’s disease or ulcerative colitis?
- How often do you get screened for colon polyps?
- Has any of your immediate family members (mother, father, brother or sister) ever been diagnosed with colon polyps or colon cancer?
- Have you ever been diagnosed with any other medical conditions such as cancer, heart disease, stroke or diabetes?
From here, we’ll generally have a pretty good idea about what type of life insurance policy you’ll be eligible for as well as what rate class you may qualify for.
And as a general…
Rule of thumb, what you’re typically going to find is that if your colon polyp/polyps have been removed, and they have been determined benign, you should “theoretically” be able to qualify for a Preferred or Preferred Plus rate class on your life insurance application.
If you colon polyps are determined cancerous, or they “inflammatory polyps” that are the result of some other type of inflammatory bowel disease, the outcome of your life insurance application will be based on the severity of the underlying root cause of your condition.
The good news is…
That here at TermLife2Go it’s not going to matter how “insignificant” your colon polyps are or how “serious” an insurance company is going to consider them, for us it’s not going to change a thing.
“Either way, we going to work as hard as we can to help you find the best life insurance policy that you can qualify for!”
This is why we have worked so hard to develop relationships with dozens of different life insurance companies so that when we have a client contact us with a more potentially “challenging” application, we’re going to have plenty of options for him or her to consider!
So, what are you waiting for? Give us a call today or visit our Term and Whole Life Insurance Quotes page and see what we can do for you!