Affordable life insurance for diabetics is available.
Our diabetic life insurance expertise will help you find your best deal.
Diabetic Life Insurance from the Underwriter’s point of view:
- Do you have Type 1 Diabetes or Type 2 Diabetes?
- How old were you when diagnosed?
- What type of treatment do you receive to control diabetes?
- What is your history of control? HbA1c, Fasting Blood Glucose, Protein, Microalbumin/Creatinine, etc.
- What are your average blood pressure and cholesterol readings?
- Do you follow your doctor’s orders?
- Do you visit your doctor on a regular basis?
- Do you have any diabetes related complications? Neuropathy, Retinopathy…
- Do you have any other health problems?
- What are your diet and exercise habits like?
A great resource for diabetes information is the American Diabetes Association.
Check out our diabetes life insurance updates for recent underwriting cases, updates from companies and more.
Diabetic Life Insurance for Type 1 vs. Type 2 Diabetes
Life insurance for diabetics tends to be more expensive for type 1 vs. type 2 diabetes. The reason why is due to the progressive nature of diabetes.
Your age at the time of diagnosis plus the amount of time that has passed since being diagnosed weigh heavily on the pricing of insurance for diabetes. Assuming all other factors are equal, type 1 diabetes life insurance rates will be approximately 25 – 50% more expensive than type 2 diabetes life insurance rates.
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The general rule when it comes to underwriting gestational diabetes is that if your lab results return to normal levels after pregnancy, it is a minor issue at best with life insurance underwriters.
How Does Control Affect Diabetes Life Insurance Underwriting?
Better control means better life insurance rates. Life insurance underwriters look at:
HbgA1c is an indicator of diabetes control over a 3 month period of time and is the single most important lab result that underwriters look at. While each company has its own guidelines, the following rules apply to HbgA1c.
- Less Than 7 is considered to be Optimal Control
- 7.1 – 8.5 is considered to be Average Control
- 8.6 – 10.0 is considered to be Poor Control
- Greater Than 10 is considered to be Uncontrolled Diabetes
Estimated Average Glucose – eAG
The American Diabetes Association has been promoting the estimated Average Glucose – eAG reading as it provides a similar understanding of long term control as the HbA1c reading, but with less confusion as the eAG numbers closely resemble blood glucose readings.
Fasting Blood Glucose
Fasting blood glucose gives a snapshot of current diabetes control. A fasting blood glucose greater than 125 mg/dl is an indicator of diabetes. If the fasting blood glucose is between 110 – 125 mg/dl is considered to be impaired fasting glucose.
Fructosamine provides underwriters with an indication of blood sugar control over a 3 week period of time. Less than 1.9 mg/dl is considered to be good, less than 1.7 mg/dl is considered to be excellent.
Fructosamine testing is not as widely used as HbgA1c testing by life insurance companies.
Urine Microalbumin/Creatinine Ratio
The Urine Microalbumin/Creatinine ratio, aka ACR test may provide an indication of kidney related problems. Life insurance underwriters are looking for a Urine Microalbumin/Creatinine ratio of 0 – 0.010 mg/mg…basically this number should be a zero on lab testing.
Do You Follow Your Doctor’s Orders?
Following your doctors orders is critical for underwriting success. Underwriters hate to see medical files where the insured does not take their doctor’s orders seriously. You will pay a lot more for life insurance if your records indicate poor control, lack of follow-up with doctors, etc.
Having good medical records with consistent follow-up is important, and is absolutely critical when applying for no exam life insurance policies for diabetics.
Are you taking your medications as prescribed to you?
It’s important to follow your doctor’s advice and to take medications as directed.
Do you visit your doctor on a regular basis for follow-ups?
Underwriters want to see that you check in with your doctor on a regular basis.
Ready for a quote? There is never any pressure or obligation with our service!
Do other health issues affect life insurance for diabetics?
Whenever other health issues are present, underwriters will look at those conditions to determine if they are caused by diabetes, create additional underwriting complications, or present other areas of concern.
Cardiac related health issues are a primary underwriting concern. When heart issues and diabetes are present, life insurance underwriting becomes much more complicated, and may result in higher pricing.
Kidney health problems are of great concern to underwriters. If you have a history of lab results with protein in urine, underwriters will be looking more closely for potential kidney health issues.
Retinopathy & Neuropathy – Severe problems with either will increase life insurance rates, or may be cause for a decline, but the majority of retinopathy and neuropathy related issues are covered.
Insulin Shock/Diabetic Coma – If you have experienced insulin shock or a diabetic coma, the availability of life insurance depends on when it happened, what caused the insulin shock/diabetic coma, and how much time has passed since this occurred.
Diabetes Life Insurance Underwriting FAQs
Can diabetics get life insurance?
Yes! You can get life insurance with diabetes as long as you go to the right life insurance company. Affordable life insurance for diabetics type 1 and type 2 is available.
I was just diagnosed with diabetes, am I able to buy life insurance today?
Yes and No. The most competitive companies will make you wait for 3-6 months after diagnosis in order to evaluate your control. Guaranteed issue life insurance may be available now. Rates may improve even more once you have demonstrated diabetic control for 12-24 months.
I was declined for life insurance due to my HbgA1c test on my paramed exam…What do I do now?
The first thing to do is to request a copy of the lab results from the life insurance company. Once available, you will need to visit your doctor for a full evaluation.
If it turns out that you have diabetes, it will take some time with your doctor to gain control, begin medications, etc..before shopping for life insurance again. We usually recommend that we begin working with you about 3 months after diagnosis.
If one company offers me a rated policy, will all companies offer the same rate class?
Definitely not! Each life insurance company has its own set of guidelines, and some companies do a better job underwriting life insurance for diabetics than other companies. Let us know who you applied to and we’ll let you know if other more favorable options exist for you.
How Often Can I Re-Shop for a better life insurance deal?
You may shop for life insurance coverage as often as you like….For many of our clients, they come to us after having worked with another agent. You may feel that the existing life insurance you have may not be the best price available…you may be right.
There is no obligation or pressure with our life insurance service. We’ll tell you during our conversation if we think it’s possible to do better than what you currently have…If we think it’s possible, we’ll go through underwriting and upon approval you may accept the new policy if better and cancel the old. If it turns out that your old policy offers the best pricing, simply keep it.
What else can I do to improve my chances?
Improving your health, taking medications and following doctors orders are the best things that you can do. If you are not currently exercising, begin a routine under your doctor’s supervision. Weight loss and improved fitness will help with underwriters.
If you smoke, quit….Smoking and diabetes is a huge concern as both contribute to the hardening of your arteries, increasing the risk of heart attacks and strokes.
Guaranteed Issue Life Insurance
Sometimes traditional life insurance is not available due to health problems or maybe due to the policy need being small. In those cases, a guaranteed issue whole life insurance policies for diabetics may be the best option. Compare the options we offer to companies like Colonial Penn or AARP life insurance policies. In many cases, it makes sense to first shop for a traditional life insurance policy, and then switch to guaranteed issue life insurance policies if no other options exist.
No medical exam life insurance products are available and may be worth considering if you are looking for convenience or do not want to give a blood and urine sample.
Keep in mind that no exam life insurance policies still involve underwriting, and in order to qualify for life insurance with no exam, you’ll need medical records showing a history of compliance and control.
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.
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Please call us today at Toll Free (800) 909-2040