Diabetes And Critical Illness Cover The Bad News And The Good News
Diabetes and Critical Illness Cover The Bad News and the Good News We recently had an interesting case concerning diabetes and critical illness cover where we acheived an unusual outcome (more of which below).But its worthlooking firstatthe general current landscape for critical illness cover and diabetes in the UK protection market. Is diabetes a critical illness for insurance purposes? Can you get critical illness cover if you already have diabetes? Diabetes is a progressive and life changing illness that can lead to some potentially very serious outcomes. So doesdiabetes count as a critical illness? Does it appear on the list of critical illnesses generally covered on most insurance company critical illness plans?The answeris mostlyno. One exception to this is late onset type 1diabetes which is included as a critical illness condition by at least one major insurer. Late onsettype 1 is relatively unusual so the chances ofmaking a claim for this are very small. But it can anddoes happen. We know a lady whofell ill on holiday last year and was found to havean Hba1c reading of 27 in her late forties she was diagnosed type 1 immediately and also then had to face her life long phobia of needles. But forthe vast majority of critical illness policy holders, the diagnosis of diabetes Type 1 or Type 2 will not provide them with a valid condition on which directlyto make a claim. But the story doesnt end there. As2.4 million UKdiagnosed diabetics know one of the key issues for them is their increased risk of cardiovascular complications. Indeed this is whymany diabetics are put onto preventative medications for blood pressure and/or cholesterol in order to try and prevent the development of additional cardiovascular risks. So here is some good news. Even though the diagnosis o Continue reading >>
Diabetes, Type 1 - Life Insurance, Critical Illness Cover And Income Protection For Diabetics
Transcript for the CuraVision Diabetes video is available here . Life Insurance for those with diabetes is often possible to arrange. If you have no other major health complications it is often possible for some insurance providers to fully underwrite your application at the time of submission. Should you have other medical complications or if your HbA1c reading is quite high, then insurers will likely contact your GP for a full assessment of your health. Whilst this will delay the start date of your policy it will ensure that the insurance provider provides terms on your policy based upon their full understanding of your health. GP reports are a standard practice with Life Insurance applications and are nothing to be concerned about, you will not be charged for the report and you can ask to see a copy of the report before it is sent to the company. As a type 1 diabetic you are likely to receive a premium increase on your Life Insurance, the increase will depend on the length of diagnosis, HbA1c readings and any other health factors. If you have not had the condition for a long time and your HbA1c readings are good you may get accepted with a low premium increase. If however you have been diagnosed for a long time or have high readings your plan may be accepted with a higher premium. If you are young and a non-smoker the overall cost for insurance is still likely to be low compared to the sum assured on the policy. When you apply for your Life Insurance you should have your latest HbA1c reading to hand (taken with the last 6 months) in order for the insurance provider to be able to underwrite your application. Unfortunately Critical Illness Cover is not available to type 1 diabetics. Some providers have now started to consider cover for well controlled type 2 diabetics Continue reading >>
Type 2 Diabetes And Critical Illness: Spot The Difference
Type 2 diabetes mellitus and stress hyperglycemia (excess glucose in the blood) during critical illness appear completely differently by several aspects, such as; the first is chronic, well defined and epidemic as a result of the way of life in industrialized countries, while the second is acute by definition and can encompass a broad range of conditions encountered everywhere. In spite of the differences, type 2 diabetes and critical illness also share some similarities, in terms of pathophysiology, treatment and outcomes, as described below. Insulin resistance Insulin resistance is the typical hallmark of type 2 diabetes, and results in chronic hyperglycemia, itself involved in most of the long-term complications of diabetes. In the critically ill, insulin resistance is also very frequent and is one of the key pathophysiological mechanisms of stress-related hyperglycemia. During the acute phase, the presence of insulin resistance is considered as an adaptive component of the stress response. However, after the resolution of the acute phase, prolonged insulin resistance is associated with poor outcome, via the toxicity of severe hyperglycemia. Recent data reported by independent investigators consistently suggest that the occurrence of stress hyperglycemia is a risk factor for the development of diabetes after the resolution of critical illness. Excess glucose The presence of type 2 diabetes mellitus and stress hyperglycemia can be easily overlooked and considered as minor or transient complications. The lack of awareness and of standardization represents additional hurdles to the dissemination of knowledge. The presence of diabetes is most often based on medical records, where the type of diabetes, degree of control and treatment are undefined. The metrics used to rep Continue reading >>
The Realities Of Diabetes
Next week is Diabetes Awareness Week . We felt this was a good opportunity to highlight some of the common misconceptions surrounding the condition. Fiction: Only overweight people get Type 2 diabetes Fact: Although being overweight can significantly increase your chances of becoming diabetic, not everyone who is diagnosed with Type 2 diabetes is overweight. There are lots of factors which can increase the risk of becoming diabetic such as age, family history and exercise levels. Fiction: If you have raised sugar levels you have diabetes. Fact: Diabetes is diagnosed when blood sugar readings are over a certain level on at least two tests. In some cases, blood sugar levels are noted to be above a normal range, but are not high enough to diagnose diabetes. This would be considered pre diabetes changes to diet and lifestyle can be made at this stage which can reduce blood sugar levels to normal, and reduce the risk of a diagnosis of diabetes. Fiction: Diabetics cannot get life insurance Fact: Diabetes is one of the most common conditions we see when underwriting. Whether we accept someone and how much we charge for their cover depends on how long theyve had the condition, how well theyre controlling it and whether they have any complications. It is important to emphasise that AIG Life can only provide life insurance for people with diabetes and not critical illness cover or income protection. Fiction: You cannot make a claim on critical illness cover for diabetes Fact: Unlike most insurers, our critical illness covers allows policyholders to claim up to 25% of their sum assured if they are diagnosed with Type 1 diabetes after the policy has been taken out. Regardless of the type of diabetes they have, our critical illness policyholders can also claim the full amount if th Continue reading >>
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Can You Get Life Insurance With Type 1 Diabetes?
In a previous blog I discussed getting getting Can someone with diabetes get life insurance or mortgage protection in Ireland? Heres a typical email from a worried client: Hello Nick, I have type 1 diabetes and I cant get life/mortgage cover because of my hb1ac reading (over 8). Im a healthy, non-smoker and wondering if you can help me get cover. Ta, Rory Getting life insurance for Type 1 Diabetics in Ireland is difficult BUT ITS NOT IMPOSSIBLE. Heres the bones of a recent casewhere we managed to get a lower price for our client: Male 40 years of age Diagnosed at age 26 Latest blood pressure 131/77 Latest cholesterol 4.06 Latest Hb1Ac reading 80 no other health issues. loading of 150% without the need for a medical report. Instead the client completed our diabetes questionnaire in great detail and supplied a letter from his consultant. The best quote he had received elsewhere had a +250% increase. What are the chances oflife insurance with type 1 diabetes? The likelihood of getting life insurance or mortgage protection with Type 1 diabetes depends on Usually the increase in premium is 150%+. e.g If a non diabetic can get cover for 50, you will pay 125 per month for the same amount of cover. What about serious illness cover for Type 1 Diabetics? Usually the life insurers are UNABLE to offer specified/serious illness cover (but you can get Is it the samefor income protection with Type 1 Diabetes? Afraid so,a life insurance company wont offer income protection to someone with T1 Diabetes. What is the application process for life insurance with type 1 diabetes? The life insurance company will then request a Private Medical Attendants Report from your doctor* underwriters will review your medical evidence and make a decision. *If you can get a copy of your latest consultant Continue reading >>
Diabetes Critical Illness Insurance The Insurance Surgery
The Insurance Surgery are constantly working with providers on developing new products to improve the way that our clients are viewed by insurers. One of the major areas where we have been campaigning for more choice and developments is Critical Illness Cover for Diabetes. There have been no providers offering this products for Diabetes in recent times and we wanted to know why and get something done about it. Previous products have also been expensive and had a number of exclusions so we wanted to make sure that any terms offered were fair and reasonable. It has now come to light that several providers are offering Type 2 Diabetes Critical Illness Cover with more likely to join the market soon which is excellent news. As it says in the name, this product provides cover when an individual is diagnosed with a critical illness that is covered within the policy wording. The policy would pay out a tax free lump sum in the event of being diagnosed with an illness covered under the policy. Providers do vary in terms of the illness's that are covered so it is advisable to check the wording thoroughly before accepting any terms to make sure that they are right for you. In this instance, the cheapest policy is not necessarily the best and you do get what you pay for. A critical illness policy is designed to offer peace of mind and security for you and your loved ones should you become ill and possibly not able to work as a result of a critical illness or serious injury. The amount of cover is dependant on what you would want the cover for and can vary considerably based on your individual circumstances and requirements. It can also be based on affordability and simply how much you are willing to pay for the cover each month. Some important things to consider when applying for a Continue reading >>
Diabetes Is A Serious Illness
Sorting facts from fiction is important About one in seven U.S. adults has diabetes now, according to the Centers for Disease Control and Prevention. But by 2050, that rate could skyrocket to as many as one in three. Many of us don’t understand diabetes. To help contain this leading cause of disability and death, it’s important to separate fact from fiction. FICTION: Eating too much sugar causes diabetes. FACT: Many factors lead to the development of diabetes. Genetics, nutrition, exercise and lifestyle all play a role. Sugar may contribute to type 2 diabetes if it leads to weight gain, but it doesn’t cause the disease. “A diet high in calories — whether they’re from sugar or fat — raises your risk for type 2 diabetes,” said Mounaf Alsamman, MD, a family medicine doctor with Allina Medical Clinic – Brooklyn Park. “In this disease, your pancreas makes little or no insulin or your body’s cells don’t use it well. As a result, blood sugar can’t move from your bloodstream into the cells that need it for energy.” Alsamman tells his patients that sugar does not cause diabetes but it still needs to be monitored or reduced. “You just have to make sure to build your sweet treats into a healthy eating and exercise plan,” he explained. A healthful, balanced diet as well as regular exercise and maintaining a healthy weight can help prevent diabetes. Go for gradual, achievable changes to your sugar intake, such as cutting back on sweetened beverages. FICTION: Only people who weigh far too much will develop type 2 diabetes. FACT: People of all ages and body types can develop type 2 diabetes. Being overweight is just one of the risk factors. Many people with type 2 diabetes are at a healthy weight or just moderately overweight. Excess weight increases yo Continue reading >>
Markedly Increased Incidence Of Critical Illness In Adults With Type 1 Diabetes.
1. Diabet Med. 2017 Oct;34(10):1414-1420. doi: 10.1111/dme.13404. Epub 2017 Jul 12. Markedly increased incidence of critical illness in adults with Type 1 diabetes. Marrie RA(1)(2), Sellers EAC(3)(4), Chen H(5), Fransoo R(2)(5), BernsteinCN(1)(6), Hitchon CA(1), Peschken CA(1)(2), Garland A(1)(2)(5). (1)Department of Internal Medicine, University of Manitoba, Winnipeg, Canada. (2)Department of Community Health Sciences, University of Manitoba, Winnipeg, Canada. (3)Department of Pediatrics and Child Health, University of Manitoba, Winnipeg, Canada. (4)Department of Children's Hospital Research Institute of Manitoba, University of Manitoba, Winnipeg, Canada. (5)Department of Manitoba Centre for Health Policy, University of Manitoba, Winnipeg, Canada. (6)IBD Clinical and Research Centre, University of Manitoba, Winnipeg, Canada. AIMS: To compare the incidence of and mortality after intensive care unitadmission in adults with paediatric-onset Type 1 diabetes vs the generalpopulation.METHODS: Using population-based administrative data from Manitoba, Canada, weidentified 814 cases of paediatric-onset Type 1 diabetes, and 3579 generalpopulation controls matched on age, sex and region of residence. We estimated theincidence of intensive care unit admission in adulthood, and compared thefindings between populations using incidence rate ratios and multivariable Coxproportional hazards regression, adjusting for age, sex, comorbidity andsocio-economic status. We estimated age- and sex-standardized mortality ratesafter intensive care unit admission.RESULTS: Between January 2000 and October 2009, the average annual incidence ofintensive care unit admission among prevalent cohorts was 910 per 100 000 in the Type 1 diabetes population, and 106 per 100 000 in matched controls, an eight Continue reading >>
Type 1 Diabetes Now Included In Ageas' Critical Illness Insurance
Free quotes and No fee advice to protect yourself & your family Type 1 Diabetes now included in Ageas' Critical Illness Insurance By Kathryn Knowles on the 17th April 2014 It is estimated that every year in the UK, 3,000 people aged between 25 and 44 are diagnosed with Type 1 Diabetes* Ageas announced last year that they will now consider claims for individuals diagnosed with Type 1 Diabetes after the age of 17. Ageas are the third Insurance Provider to add Type 1 Diabetes into their Critical Illness Cover (others being Friends Life and PruProtect***), potentially opening their doors to a whole new host of claims from this serious condition. There should be no confusion about who and what is covered by this policy. If you are already diagnosed as a Type 1 Diabetic you will not be eligible for Critical Illness Cover. However if you take out an Ageas Critical Illness contract (post September 2013) and are diagnosed with the condition** following the start of your policy then you could place a claim for Type 1 Diabetes. As well as covering you for Type 1 Diabetes the Ageas Critical Illness policy offers you protection if you are diagnosed with illnesses such as invasive Cancer, serious Heart Attack and major Strokes. In total you are protected if you are diagnosed with any of 45 illnesses they list in their policy. Please remember to speak to an Insurance Advisor before changing any Critical Illness Cover to make sure it is in your best interest. Source: 2014 Heart Statistics - British Heart Foundation *** *** By clicking on the link(s) you will be departing from the regulatory site of Cura Financial Services Ltd. Neither Cura Financial Services Ltd or Personal Touch Financial Services Limited is responsible for the accuracy of the information contained within the linked Continue reading >>
Type 1 Diabetes In Children Now Covered By One Of Our Insurers.
Type 1 Diabetes in children now covered by one of our Insurers. Do you have your children insured as partof your policy? Most people dont realise that children areactually one of the most common reasons for people needing to claim on aCritical Illness policy. Thats why there is now cover for anychildren you have now or in the future as standard. One of our insurers can now cover sevenadditional child-specific conditions such as Type 1 Diabetes, Downs Syndromeor Spina Bifida. As this is classed as acritical illness, cover allows a parent to claim up to 50% of the value oftheir policy (up to a maximum of 25,000) if their child is diagnosed with oneof the critical illnesses they cover. Thepayment can also be double the total payment (up to a maximum of 50,000) ifcurative or stabilising treatment is only available overseas and could also pay5,000 as a child death benefit if your child dies during the term of thecover. The majority of Type 1 Diabetes cases arediagnosed before the age of 19 and up till now, no insurers would cover this inchildren's critical illness (which is free with all adult Critical Illness policies),we now have an insurer who does cover this, along with other childhoodillnesses. When you take a Critical Illness Policy,most insurers give free critical illness cover up-to a certain value of yourpolicy, so if your child is diagnosed you have a lump of cash where you can usethis to take time off work or seek alternative treatments including going toother other countries for example. Greater emphasis has been placed onchildren's critical illness cover to give families even more support. It nowprovides an additional payout on diagnosis of Down's Syndrome and DiabetesMellitus Type 1 among children - two conditions unique to this insurer - aswell as on diagnosi Continue reading >>
Critical Illness Cover For Diabetics: How Does This Work?
Sad to say, it may not work at all. The fact is, that for those who have diabetes, it may be quite hard to get critical illness cover. You see, many of the serious illnesses such as kidney failure, blindness, heart disease and the need for organ transplant are complications caused by diabetes mellitus. A Background on Diabetes 2.6 million UK residents have diabetes, as of 2009. This translates to 4% of the population. There are still around 500,000 people who have diabetes but have not been diagnosed. Out of the people with diabetes, 10% have Type 1 diabetes and 90% have Type 2 diabetes. Diabetics are 48% more likely to have a heart attack. Diabetes mellitus refers to the condition where one’s body has difficulty controlling the increase of sugar levels since the body cannot produce enough insulin or, even though there is enough insulin, the cells don’t respond to the insulin the way they should. Don't miss: The three main types of diabetes are Type 1 diabetes, Type 2 diabetes and gestational diabetes (or diabetes in pregnant women). Type 1 diabetes. The typical onset is before the age 40 and comprises 10% of all diabetics. If left untreated, this can have serious implications on one’s health. It can lead to diabetic ketoacidosis, which can lead to a potentially fatal coma. Type 2 diabetes. The less severe kind of diabetes, the typical onset of this is over the age of 40. The body is still able to produce insulin but not enough or the body has already developed insulin resistance. Risk factors. One’s lifestyle is highly contributory to diabetes – this includes a smoking habit and a propensity to overeat. Other risk factors include ethnicity, genetics, obesity, physical inactivity and poor blood pressure control. Symptoms. Those with diabetes will notice the fo Continue reading >>
Critical Illness Cover For Diabetics - Claybrooke Life Insurance
What You Need To Know About Life Insurance & Critical Illness Cover With Diabetes Having a critical or prolonged illness can make life complicated, not to mention many people suffering with these types of illnesses feel that they cannot obtain adequate life insurance. Diabetes, for example, is a common prolonged illness and those diagnosed with this condition generally feel that they cannot purchase the same type of life insurance coverage as everyone else. Luckily, many insurance companies offer coverage specifically for those suffering with critical illnesses including diabetes. Here is some useful information for these individuals looking to obtain proper life insurance. Life Insurance and Critical Illness Cover with Diabetes Explained If you are looking to purchase a life insurance policy and have already been diagnosed with diabetes, there are some additional factors that come into play when looking at overall coverage and premiums. Individuals with diabetes are considered a higher risk among insurance companies because they are more likely than other individuals to make a claim. The way insurers offset this higher risk is by charging more in premiums for the insurance policy generally, individuals with diabetes or other pre-existing conditions will pay more for their insurance coverage than non-diabetics. Critical Illness Cover is very much the same in this respect those with diabetes end up paying more than others. For Critical Illness Cover, this is due to statistics showing that those with pre-existing medical conditions are more likely to be diagnosed with critical illnesses. Insurers use statistics like this to determine the risk they are taking with individuals with conditions such as diabetes. Even though many people with diabetes believe they are unable t Continue reading >>
Can I Get Critical Illness Cover With Diabetes?
Can I get critical illness cover with diabetes? Ive recently got my first mortgage and have been advised to get critical illness cover bya friend, ive got diabetes. Would I be able to get this kind of insurance? Most of our insurers will only provide quotations to individuals between the ages of 18 and 65 years old. This warning message has appeared as the date of birth you have entered was either below the age of 18 or over the age of 65. Please try re-entering your correct date of birth. If you would like to discuss your options with one of our experts to ensure a suitable policy please do not hesitate to give us a call on 0208 432 7333 and we will be more than willing to help. Most of our insurers will only provide family quotations if the child you are including is below the age of 23 years old. This warning message has appeared as the date of birth you have entered for your child would result in our insurers unable to include them in your quotation. If you would like to discuss your options with one of our experts to ensure a suitable policy please do not hesitate to give us a call on 0208 432 7333 and we will be more than willing to help. Most of our insurers have a maximum policy cease age between 65 and 70 years old. We have had to adjust the age you requested the policy to end to age 70 to ensure we are able to provide you with quotations. If you would like to discuss your options with one of our experts to ensure a suitable length of cover please do not hesitate to give us a call on 0208 432 7333 and we will be more than willing to help. Most of our insurers have a minimum policy term of 5 years, given your current age we have had to adjust the age you requested the policy to end as it would not have produced any quotations. We have increased the policy cease Continue reading >>
Critical Illness Risk For Type 2 Diabetes.
Critical illness risk for type 2 diabetes. Cathcart J(1), Baillargeon A, Pokorski R. (1)Gen Re LifeHealth, 695 East Main Street, Stamford, CT 06901, USA. [email protected] BACKGROUND: Applicants with diabetes mellitus are at higher risk for many of the events covered by critical illness insurance. The relative risk of cardiovasculardisease has not been quantified from an insurance perspective.METHODS: A literature search is done to determine the relative risk ofcardiovascular disease, followed by an actuarial analysis to estimate themorbidity ratio for newly diagnosed diabetics compared to nondiabetics.RESULTS: Morbidity ratios are relatively similar in different studies, especiallyfor ages 50 and older. Morbidity ratios are highest for ages 30-39 (300% to500%), high for ages 40-49 (200% to 400%), and taper to 200% for older ages.CONCLUSION: Morbidity ratios would be high in newly diagnosed diabetics whoapplied for critical illness insurance, ranging from a high of approximately 300%to 500% at ages 30-39 to a low of 200% at older ages. Continue reading >>
Critical Illness And Life Insurance Cover
Diabetes Forum The Global Diabetes Community Find support, ask questions and share your experiences. Join the community Critical Illness and Life Insurance Cover Hi, has anyone else had difficulties trying to get a policy for critical illness cover? I can get covered for dying from a Diabetes related illness but if I have a heart attack or stroke and cannot work there is no one out there who will give me an insurance policy for this. I will need an income from somewhere should the worst happen, I suppose I would have to claim sickness benefit from the Government, that's not going to pay my mortgage. I personally cannot help you with your query. Try a p.m. to Dennis, one of the moderators. He has a wealth of knowledge about insurance. I suspect that the problem you are encountering is that the risk of CHD and stroke is seen as higher for people with diabetes than it is for the non-diabetic population. There are many mainstream insurers who are just not interested in that risk. However the good news is that there are several smaller specialist insurers who will provide the cover. I don't know how they compare for cost because, when the bigger insurers won't quote for critical illness, then there's nothing to compare against. But if my travel insurance is anything to go by, when Norwich Union decided they would no longer cover any pre-existing conditions but quoted me for a travel policy that would pay out for anything that wasn't diabetes related, I got quotes from smaller specialist firms and they were nearly all cheaper then the big insurers (and for much better cover). You could start here, from this forum's own parent site (critical illness is 4th one down) Alternatively I see that Diabetes UK (the charity, not this site) recommends Heath Lambert (an insurance broker Continue reading >>