When you apply for Life Insurance, IBS will likely need disclosing to the insurance company, if you have suffered with symptoms within the last five years. IBS Life Insurance applications are often accepted at standard terms. If however the IBS is very frequent and troublesome then the insurance company may apply a small loading to the policy. Most insurers will want to know frequency of symptoms, how long diagnosed and if the condition is linked to anything such as stress/anxiety.
Critical Illness Cover for people with IBS can often be sourced at standard terms with some insurance providers. Different insurance providers have different acceptance terms and favourable rates for different conditions. You may find one company will increase the premiums based on you having IBS whereas some will offer standard terms. IBS is often diagnosed in association with other illnesses. Our insurance advisers are used to submitting applications for clients with multiple illnesses and will know where to place your combined medical history to get the best policy terms and price for you.
Income Protection for people with IBS is often available. Insurance companies are likely to ask you how frequent the symptoms are and especially if they are in any way associated to stress or anxiety. If the IBS is mild then you are likely to be able to find cover at standard terms, however if the symptoms are very frequent or cause a lot of time off work, then cover will either be rated or possibly even declined.
You may find Accident, Sickness and Unemployment Cover a suitable alternative if you struggle to get Income Protection, as the applications do not ask about your condition but certainly will exclude it. We would recommend that you speak to a qualified adviser before taking out cover so that they can explain what is covered and what it not.
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