Life insurance underwriting decisions for Pancreatitis can range anywhere from Standard all the way to a decline.
The most important thing you can do if you're searching for life insurance and have Pancreatitis is work with an agent experienced in underwriting this risk.
In this article, we'll show you what you can expect from life insurance underwriters.
Life insurance underwriters will first want to know if your Pancreatitis is "Acute" or "chronic".
Acute Pancreatitis is often caused by alcohol abuse or gallstones—in about 80% of the cases. If it's caused by gallstones and it's a one time event, you'll qualify for Standard life insurance rates if you're fully recovered and have been asymptomatic for several weeks.
If there are several episodes of Acute Pancreatitis most underwriters will suspect alcohol abuse and postpone your application for at least 1 or 2 years of documented abstinence. If alcohol use can be eliminated as a possible cause, underwriting can normally proceed and Standard rates are available if there was just 1 single episode.
Several episodes of Acute Pancreatitis are often due to a known cause. Underwriting will depend on the underlying cause, and how well it can be controlled. As inflammation of the pancreas can lead to significant problems, many such cases are postponed until the cause of the recurrences can be managed or eliminated.
Chronic Pancreatitis is usually a result of obstruction to the drainage of pancreatic enzymes via the pancreatic ducts into the intestines, and is caused by persistent inflammation of the pancreas. In chronic pancreatitis, the pancreas is irreversibly damaged, and a process known as fibrosis (or scarring) leads to a gradual deterioration of the pancreatic function. This destruction leads to malnutrition, and often diabetes, due to the lack of insulin production.
Chronic Pancreatitis or multiple recent recurrences of Pancreatitis are rated primarily based on the underlying condition that is leading to these episodes, as well as how significantly the pancreas has been damaged. Life insurance underwriters also want to know how well the condition is controlled via use of dietary supplements and insulin.
Here is the information we need to give you an accurate life insurance quote with Pancreatitis:
- Date of diagnoses?
- Is there a known cause?
- Approximate dates of all episodes (if any)?
- How long in recovery?
- Current alcohol use/frequency?
- Any complications or residual effects?
- Any surgeries completed?
- Any other underlying health issues?
If an agent doesn't ask you these questions, they are merely guessing your rates.
At Rootfin, we specialize in high risk life insurance. We've helped dozens of people who have Pancreatitis and know which life insurance companies offer the best rates.
If you've been declined for life insurance because of your Pancreatitis, you may have just used the wrong life insurance company. Every life insurance company looks at each risk differently, so the key in obtaining an affordable approval is finding that life insurance company who will look most favorably at your situation.
That's what we do for our clients. If you have or have had Pancreatitis, you won't find better rates anywhere else. We encourage you to give us a call.