TURN YOUR AUDIO ON! THE PRESENTATION MAY TAKE UP TO 10 SECONDS LOAD
If you suffer from type 1 or 2 diabetes and think you cannot find or afford much-needed life insurance coverage think again. Our office works with the nation's top life insurance companies.
Some companies are much more liberal when underwriting diabetics. We can even offer you to do a preliminary inquiry.
We will send information to the companies about your current health condition before you even apply. This can give you an idea if you qualify and how much it may cost you in premiums. Call the office at 208-409-3382
Diabetes is essentially a disease that affects the body's sugar levels. In order for a person suffering from diabetes to live healthy, he or she needs regular supplies such as meter, test strips and insulin. It is vital to have proper and affordable health coverage for those with diabetes in order for them to access the appropriate supplies, medicines, support and health care, to manage their disease properly. The type of diabetes and the level of glucose in the blood are determined by a medical examination.
If you have a condition such as diabetes, you need to check whether you are eligible to apply for life insurance coverage. People with diabetes are eligible to apply for an individual life insurance coverage. People with Type 2 diabetes must apply for a multi-policy.
People with diabetes can apply for an individual or family life insurance plan. If you are living with your parents, you will have an advantage in your life insurance policy because they are not considered to be your dependents. Your parent would be the beneficiary on the policy, if anything happened to you. People with Type 2 diabetes should apply for a family life insurance coverage as this would cover them in case of your death.
Some insurance policies offer a good health discount if a member has diabetes. The insured can apply for such a policy. Some insurance companies also provide discounted policies for those who have taken certain medications to control diabetes.
Can you get life insurance if you have diabetes?
Which type of diabetes? There are seven - in two major groups: DM (Diabetes Mellitus), and DI (Diabetes Insipidus). DM is more common; and there are three types of DM - with T2 (Type 2, or insulin resistant DM) being the most common. Next most common is T1 (Type 1, or autoimmune DM).
Assuming you’re referring to one of those two…
The policy will be “rated” - meaning you’ll pay a premium based on an age greater than your own. How much greater is dependent on your time in service to the disease, and your control of your BG (Blood Glucose) levels. If you’ve had the disease for a short time, and are in good control - the “rating” will be better.
I’ve been a T1 for 53 years. When I got my first life insurance policy - at age 35, when my wife was pregnant with our first child - I’d been a T1 for 24 years; my premium was based on a 59 year old’s rate. I was in good control - and always have been. I worked with an excellent insurance agent who had experience dealing with the issues involved. That’s really the key to obtaining a policy.