Is Life Insurance Available if I Have Diabetes?
YES! Life insurance is available to you whether you have Type 1 Diabetes or Type 2 Diabetes.
There are a number of life insurance companies available that specialize in diabetes life insurance underwriting. We know which life insurance companies will be best for you whether you have type 1 diabetes or you have type II diabetes.
Type 1 Diabetes – Type 1 diabetes is also known as juvenile diabetes or childrens diabetes. Type 1 diabetes onset typically occurs before the age of 30. With Type 1 diabetes, your body does not produce insulin, requiring that you take insulin in order to treat your Type 1 diabetes.
Type II Diabetes – Type 2 diabetes is also known as adult diabetes or adult onset diabetes. With type 2 diabetes, your body does not produce enough insulin.
Gestational Diabetes – If you were told by your physician that you have gestational diabetes while you were pregnant, this is not the same as having type 1 diabetes or type 2 diabetes. As long as your gestational diabetes symptoms resolve themselves after pregnancy, it is not a problem from a life insurance underwriting standpoint.
Metabolic Syndrome – You may have heard this term from your doctor. Metabolic Syndrome is not diabetes. Metabolic Syndrome is a series of 5 risk factors and if you have 3 or more, you have an increased risk of type 2 diabetes.
Underwriting Credits for Diabetes
Credits are good when it comes to life insurance underwriting. When underwriters review your life insurance application, they look at your complete medical history, not just for diabetes.
If you have had cardiac workups completed, maintain your cholesterol levels, creatinine levels, etc. this may help you improve the underwriting rate you receive…This is especially true when you have a cardiac workup with favorable results.
Let us know if that’s the case as we will use that information to work for better rates for you!
Diabetes Facts about Underwriting:
We understand type 1 diabetes and type 2 diabetes from a life insurance underwriting standpoint. We know which life insurance companies to work with and which term life insurance companies to avoid if you have diabetes.
Life insurance underwriters will want to review your type 1 diabetes or type 2 diabetes history as well as your current diabetes info, including diabetes medications, diabetes control, and your overall health as part of the underwriting process. Life insurance underwriters will look for any history of Proteinuria as part of underwriting.
We take the time to learn about your type 1 diabetes or type 2 diabetes history, your current medical information and any positive factors that we can point out to the life insurance underwriters. We do this in order to help you get the best life insurance price possible based on your specific diabetes health history.
Not only do we learn about your diabetes facts, we ask you the additional life insurance underwriting questions that will allow term life insurance underwriters to give you the most competitive life insurance offers available based on your diabetes.
Life insurance underwriters look at your entire health history when it comes to life insurance underwriting for diabetes life insurance.
The good news is that there are still life insurance companies that understand type I diabetes and type II diabetes and will offer you competitive life insurance rates if your diabetes is controlled.
We have life insurance companies that specialize in impaired risk life insurance issues such as diabetes that will help you.
Guaranteed Issue Life Insurance
In the past if you had type 1 diabetes or type 2 diabetes, the only type of life insurance available were guaranteed issue life insurance policies. These policies tend to be expensive. It is important to note that most people will now qualify for an underwritten life insurance policy that will cost less and provide better benefits than a guaranteed issue life insurance policy.
Diabetes Control for Life Insurance Purposes:
Where do you fit based on your diabetes control? Life insurance underwriters will review your diabetes information and classify you for life insurance in one of these general categories.
The most critical measure of control for underwriters when reviewing diabetes is your HbA1c levels. Your HbA1c is a measure of diabetic control over a period of time.
Best Case – Your HbA1c is less than 7, you have no complications from diabetes, your blood pressure and cholesterol are controlled. Your diabetes is well controlled, your weight is ideal, you exercise, eat healthy, and stay compliant with your physician’s orders, taking diabetes medication when you are supposed to.
Worst Case – Your HbA1c is 9 or greater, and you suffer from one of the following – severe neuropathy, stroke, heart attack, vascular disease, kidney problems, etc..Additional issues such as smoking, overweight, lack of diabetic control will further hurt your chances at obtaining life insurance coverage.
Somewhere in between – Your HbA1c level is between 7-9, you have no neuropathy or retinopathy…you may have some mild background or peripheral issues, you may be slightly overweight, and some varying levels of diabetic control.
A note about HbA1c levels – Blood glucose is monitored by your hemoglobin A1C, a test that indicates your level of glucose control over a period of 3 months.
It can’t be stressed enough that your HbA1c levels are the most critical readings that life insurance underwriters look at when considering you for life insurance coverage.
Regardless of where you are with your diabetes control, let us help you…We’ll tell you your best options now for diabetes life insurance, we can even discuss what it will take to get you better diabetes life insurance rates at a later time.
If you were recently diagnosed with diabetes, it may take a little time to get life insurance until there is some history for underwriters to evaluate. A typical waiting period may be 6 months, although there are many variables that will either lengthen or shorten the waiting period. We have been able to obtain life insurance for clients 3 months after diagnosis, and for others that waiting period may be 12 months if there are problems with diabetic control
It takes some time for medications to help improve your HbA1c, and to get the HbA1c level into an acceptable range for underwriting purposes. Once it is controlled, underwriters want to see a period of time pass with improved control taking place.
Keep in mind that guaranteed issue life insurance may be available immediately. Sometimes it makes sense to look at this type of policy now, and once you have the diabetes under control for some time, we can look at replacing the guaranteed issue policy with a lower priced fully underwritten policy.
There is never any obligation or pressure with our life insurance for diabetes service.
Getting term life insurance with type 1 diabetes:
It is important to note that not all life insurance companies will do a good job underwriting diabetes and life insurance. You need to get to the right life insurance company in order to get the most competitive life insurance rates for diabetes. We’ll help you as we know which life insurance companies to go to.
Each life insurance company has its own set of underwriting guidelines, but all life insurance companies look for the following information:
Diabetes Type – Do you have Type I diabetes or Type II diabetes?
Age at Diabetes Onset – How old were you when diagnosed with diabetes?
Diabetic Control – Do you have good control of your diabetes? Do you test your blood sugar frequently. Is your doctor satisfied with your control of diabetes?
Life insurance companies are looking for your fasting blood glucose levels, random glucose levels, and your HbA1c level. Your HbA1c reading gives life insurance underwriters an indication of your glucose control over the past 60 – 90 days.
Diabetes Compliance – Are you following doctors orders? Eating the right foods, maintaing a healthy weight, eating the right foods, taking your diabetes medication as directed? Compliance with doctors orders may help improve the life insurance rate you pay.
Complete Medical Information – Do you have thorough medical records? Have you been going to the doctor for checkups or do you skip appointments and only have sporadic records? Life insurance underwriters want to look at your file and see a history of consistent readings of diabetes control.
What to expect from life insurance companies:
Type 1 Diabetes:
Standard or regular life insurance rates with some life insurance companies may be available, but this would be a best case scenario, and only with a handful of life insurance companies and only if you fall into the “best case” category.
Most life insurance companies will take the standard rate and add 50-100% to the price depending on the above information.
We take your medical information and shop it out to a number of the most competitive life insurance companies for diabetes.
Once we receive feedback from these life insurance companies, we run accurate life insurance quotes for you and get you to the most competitive life insurance company.
We can give you a rough idea of what to expect when you submit your information to us.
Type 2 Diabetes:
Life insurance underwriting for Type 2 diabetes is usually more favorable than for type 1 diabetes underwriting, BUT again it is important to get to the right life insurance company as that will make the difference in price.
There are a number of impaired risk life insurance companies that will consider type 2 diabetes at the “standard” rate, and even a few life insurance companies that will consider diabetes at a “standard plus” rate. Going to the wrong life insurance company may get you a decline notice!
Regardless of what type of diabetes you have, the determining factors for your life insurance rate will be your diabetes control, your age at diabetes onset, compliance with your doctor’s advice and availablility of complete medical information.
Examples of diabetic control:
Fasting blood sugars – Blood sugars less than 126 mg/dl is considered to be excellent from a life insurance underwriting standpoint. Blood sugars less than 140 is considered to be good control.
HbA1c level – Less than 7 is considered to be excellent, less than 8 is considered to be good.
Fructosamine – Less than 1.7 is considered excellent, less than 1.9 is considered to be good.
Age at diabetes diagnosis – If you were diagnosed with diabetes between the age of 50-69 that is considered to be good from a life insurance underwriting standpoint. Diabetes diagnosis after age 70 is the most ideal situation.
Diabetes diagnosis prior to age 50 will negatively impact your life insurance rate, but with good diabetic control, etc.. this can be overcome.
At LifeInsuranceAdvisors.com, our service is a no pressure, no obligation life insurance service. We’ll give you the information you need to make an informed decision about your life insurance.
Call us today at Toll Free (800) 909-2040 or submit your secure request. Thank you.
If You have health issues, it is important that we know about those health issues in order to provide you with the most accurate term life insurance quotes possible. You will find more information here about health issues such as:
Impaired Risk Life Insurance topics.