Finding life insurance with diabetes is possible, but you will definitely want to shop around to find the best policy at the best price when you have a pre-existing condition. With the right life insurance company, you can have access to affordable, comprehensive life insurance. The first step is to compare rates and coverage using a reliable insurance broker or agent.
Life Insurance with Diabetes [7 Steps]
If you have diabetes, use an independent life insurance agent that has access to multiple companies.
Everyone with diabetes is different. Your agent will listen to your unique medical condition and your goals for coverage. They’ll also ask you the questions that a life insurance company underwriter will want to know.
Your agent is like your personal shopper. They will find the life insurance company that will give the best deal for diabetes.
Once the best company has been found, choose the policy that meets your specific needs and budget.
Your agent will help you apply quickly and easily online or over the phone.
After submitting the application and the underwriting process is completed you will know if you’ve been approved.
Once your application is approved you may purchase your life insurance policy and put it in force.
Finding a Life Policy for Diabetes
It is important to use an independent life insurance agent when you are looking for life insurance for diabetics. An independent agent will compare the policy coverage and pricing offered by several different companies in order to give you the best option for coverage.
You should expect to share some basic information about your condition, including the type of diabetes you have and whether you have any other health conditions. Life insurance for type 1 diabetics is slightly different than insurance for type two diabetics.
Personal Health Considerations
Other information that you will need to share with your insurance agent include your current a1c levels and the types of medications that you take. Diabetics with well-controlled blood glucose levels may be able to receive lower premiums on insurance rates than others with diabetes.
Having your recent a1c results and any medications you take will help an agent to provide you with an accurate quote. If you have type 1 diabetes knowing how many units of insulin you take per day will and when you were originally diagnosed with type 1 will allow an agent to asses your situation and provide options for coverage.
Other factors, such as your height, weight and the age at which you were diagnosed with diabetes will be used to determine your insurance rates. A professional insurance agent who works with high risk clients is the best option when you need to look at several health variables to obtain an affordable insurance premium.
Life insurance for type 2 diabetics can be more affordable if you were diagnosed later in life. People diagnosed with type 2 diabetes before the age of fifty may pay higher premiums than those diagnosed after age 50.
If you are turned down for insurance because of diabetes, it is important to keep working with your high risk insurance agent to find a policy that fits your budget. Many companies are willing to work with people who have pre-existing conditions provided that the disease is managed properly.
Following your doctors orders and taking medications on schedule can help you save more on life insurance and also benefits your health.
Compare the quotes that you are offered to find the right price, but also read the fine print on the insurance policy to ensure it meets your needs for coverage. Some Insurance companies such as Banner life or American General have better underwriting guidelines when it comes to diabetes.
Life Insurance Options for Diabetics
Getting approved for life insurance and securing the best rate depends on a variety of factors. Make sure you use an independent agent who is an expert at impaired risk conditions like Diabetes. Life insurance with diabetes can be possible. Your personal agent at Life Insurance Blog will help you from start to finish and answer all of your questions.
Call us at 888-411-1329 to discuss your specific situation and we can help you get approved for life insurance with diabetes.