Get Life Insurance For People With Diabetes | Quotewizard
Updated on Monday, January 15 2018 By Erika Sommer Purchasing life insurance if you have diabetes can be difficult. Fortunately, there are companies willing to insure you, you just have to know where to look. According to a Centers for Disease Control 2014 report, 9.3 percent of Americans have diabetes - almost 1 in 10 people. So, if you have diabetes, you are not alone. There is a belief that people with chronic illnesses like diabetes cant obtain life insurance. This is a misconception. You can, indeed, get life insurance if you have diabetes. We want the people affected by diabetes to be able to shop for insurance, have multiple options, and find an affordable policy. This is why weve created a guide for consumers with diabetes to shop for life insurance. Before getting into the questions on how to obtain life insurance, lets first go over what diabetes is. Type I diabetes occurs when the body destroys the cells releasing insulin, to the point where the pancreas stops producing it altogether. Type II diabetes is when the body doesnt know how to make use of the insulin in the body, so it will slowly make less. The latter is much more common and about 90 to 95 percent of diabetics have this type of diabetes. There is also a third type called gestational diabetes. This is where you have a glucose intolerance during your pregnancy. It usually isnt permanent, but there is a chance it can develop into Type II diabetes. Q: Can diabetic people get life insurance? A: It isnt impossible for people with diabetes to get life insurance. However, rates can differ quite a bit depending on several factors. For one thing, the better you can manage the disease, the more inclined a company will be to issue you a policy at a competitive rate. Negative side effects of the disease can in Continue reading >>
Life Insurance For Diabetics
Read the Spanish version: Adquirir un seguro de vida si sufres de diabetes An estimated 29 million Americans have diabetes, up from 26 million in 2010. One in four people with diabetes don't know they have it, according to the latest figures from the Centers for Disease Control and Prevention (CDC). A whopping 86 million Americans -- more than one in three U.S. adults -- have "pre-diabetes," which increases the risk of developing Type 2 diabetes. The American Diabetes Association notes that diabetes is the seventh leading cause of death in the U.S. Diabetes is also a major cause of heart disease and strokes. While diabetes can cause serious health problems, you can reduce difficulties when applying for life insurance . The key to buying affordable life insurance if you have diabetes is control. If you are controlling your diabetes by visiting your doctor regularly, taking your medications and responding well to your treatments, you may still be able to get a good rate on life insurance. (Find out how much insurance you need by using our life insurance calculator ). Insurers look primarily at your blood-sugar levels and your hemoglobin A1C count to determine how well you are responding to your treatment over time. According to Genworth Life Insurance and Annuities, A1C levels are normal for nondiabetics when they are under 6. If A1C levels are between 6 and 7, this generally means a diabetic has good control of his condition and may be offered a policy with standard rates. But if A1C levels peak into the double digits, this shows that the diabetic has poor control of his condition and will likely be offered a more expensive policy. If an insurer finds that the person applying for a life insurance policy has A1C levels that are more than 12, it will likely postpone offer Continue reading >>
Affordable Whole Life Insurance Policies For Diabetics
Affordable Whole Life Insurance Policies for Diabetics If you have diabetes, you may feel like your options for getting life insurance coverage are limited. Because diabetes left unmanaged can lead to other, more serious health issues such as kidney failure, heart attack, and even stroke, the prospect of obtaining life insurance can be a bit daunting. This is because life insurance underwriters can see someone with this health condition as being riskier to the insurance carrier. But today, given longer life expectancy and the advancements in medical technology, there are many more options available for people with diabetes. In addition, what many may not realize, is that all life insurance companies may not underwrite their policies in an identical manner. This means that even if youve applied for life insurance in the past and been turned down by a particular insurer, you could still qualify with another. The key here is working with a company or an agency that is experienced in working with higher risk cases. In doing so, we can help. Our experience in the industry has shown us which of the many carriers that we work with are more likely to underwrite those who have diabetes which can save you much more time (and frustration) during the application process. We can also help you to determine which type of coverage may be right for you. When considering the different types of life insurance, there are two primary forms that are available in the market. These include term and permanent. With term life insurance, you are essentially purchasing death benefit coverage only. And, as the name implies, this coverage will protect you only for a specified period of time or term of years, such as 10, 20, or 30. With this in mind, once the time period has expired, the life insura Continue reading >>
How Does Diabetes Affect Life Insurance Rates?
Diabetes is a serious medical condition and can impact purchasing life insurance. While finding coverage may be more difficult for a diabetic than someone who does not have a health condition, there are life insurance companies who will offer coverage. We understand the importance of protecting your family from a financial struggle in the event of premature death and will work with you to get affordable life insurance coverage. Life insurance carriers all follow a different set of underwriting guidelines. This means that each carrier will rate a certain condition differently. While one company may decide to give an applicant a Preferred Plus rating for a certain condition, another company may offer only Standard. This is where we can help you. We have relationships with many of the best life insurance carriers and know the idiosyncrasies of each. Once we know your unique situation, we will shop your case at the appropriate carriers to help you get the best possible coverage. What the Life Insurance Carriers Want to Know About Your Diabetes When you disclose on your life insurance application that you have diabetes, you will be asked to complete a follow-up form so we can get more information. The more information we have, the better we can shop your case. A diabetes questionnaire will typically ask: The date you were diagnosed Type 1 (often diagnosed in childhood) Type 2 (often diagnosed as an adult) How often you visit your physician How your diabetes is controlled Diet Oral medication Insulin If you are taking any other medications What your most recent blood sugar reading was If you monitor your own blood sugar What your most recent glycohemoglobin or fructosamine level was (if you have the information) Whether you have any other health conditions If you have smoked Continue reading >>
Life Insurance For Diabetes
Premiums on life insurance for people with diabetes are likely to be higher than for those without the condition, but this doesn't mean you have to pay over the odds. If you have diabetes and have applied for life insurance in the past then you will know how difficult it can be. This is where our team of Diabetes Life Insurance experts can assist well help you to find the best cover for you and your family at the right price. We aim to save you money on the premiums that you pay for life insurance by searching the market to find you the best insurance provider. Our expert advisors have several years of experience so we understand what you need and we are here to make sure that you get it. Get a FREE, no obligation diabetic life insurance quote below. We'll find the most suitable cover for you at the cheapest price. How we work: It is very important for anyone with diabetes to apply to insurance providers with strong underwriting for your condition. Our team of experts know exactly which insurance provider will be the best for you and it is our job to make sure that you get the best cover in place at the right price. Over the last several years there has been a move towards more flexible underwriting for critical illness cover with diabetes. There are now several insurance providers who will offer critical illness cover for people with diabetes which can vary depending on the insurance provider. Unfortunately we can only get critical illness cover for type 2 diabetes ; it is not available for type 1 diabetes . Critical illness cover for people type 2 diabetes can be assessed among those who are: We are constantly working with life insurance providers to help improve underwriting for critical illness cover for people with diabetes. As a diabetes life insurance specialist Continue reading >>
Life Insurance For Diabetics | How To Find Affordable Coverage
RBC/Liberty Life offered standard non-tobacco. 69 Year old male, 510, 213 lbs, non-smoker, 6 years since diagnosis. Just on 1 med, Glucophage, for diabetes, also controls it with diet and exercises 3x per week. ING/Reliastars offer was standard non-tobacco with 2 tables. One of my insurance companies will give their preferred best rating if your average a1c for the past year is 6.5 or lower, along with the level on your labs for the insurance policy. There are other variables here, though, but you can see if some companies will possibly give their best rating, there is definitely affordable life insurance for diabetics to be found. Here are some common variables that can affect the rates you may receive as a diabetic seeking life insurance coverage. Are you able to keep your diabetes under control with diet and exercise only, or do you have to take a pill? Or are you insulin dependent? Insurance companies like to see fewer medications for better ratings. If you know your a1c level and its lower than 7.0, thats considered good control bymany insurance carriers, and assuming no other health issues are present, standard rates (or possibly better) may be possible. Between 7.0 to 7.5 is considered average control, and you can still get insurance. Weight, Tobacco use, and other Medical Issues If you smoke cigarettes or are overweight , these compound your risk factor as a diabetic and make you a riskier client to insure . If youve had any other medical impairments, such as coronary artery disease (clogged arteries) or you once had a heart attack, this also multiplies the risk to insure diabetics, so expect sub-standard ratings if this is the case. Insurance companies give better ratings to people who are older when they are diagnosed and if they were diagnosed just in the pa Continue reading >>
Life Insurance For Diabetics
Quick Article Guide 1. Type 1 vs. Type 2 Diabetes 2. What is Your A1C Score? 3. Do You Have Any Other Medical Conditions? 4. Get a Free Life Insurance Quote Online Since 1980, the number of people living with diabetes has quadrupled to more than 400 million, according to the World Health Organization (WHO). The disease is particularly prevalent in the U.S., where roughly 8 percent of the population is stricken–19 million diagnosed, and 7 million undiagnosed. If you have diabetes, it is still possible to find affordable life insurance. Don’t let your disease keep you from seeking financial protection for your loved ones. With this guide and the help of an independent life insurance agent, you can secure the coverage you need–and likely at a much better price than working with a captive agent at a big-box insurance company. Type 1 vs. Type 2 Diabetes While both are characterized by elevated blood sugar, type 1 and type 2 diabetes are quite different in terms of how they affect your health and chances of securing life insurance. Type 1 diabetes is usually diagnosed early in life and treated with insulin injections or an insulin pump. It cannot be controlled without insulin. Type 2 diabetes, often called the “silent killer,” is a lifestyle disease and is often associated with obesity, high blood pressure, and high cholesterol. It is dangerous because early symptoms are often invisible. Unlike Type 1 diabetes, though, Type 2 diabetes can usually be controlled with diet, exercise, and oral medication. In extreme cases of Type 2 diabetes, insulin may be required. Life Insurance for Type 1 Diabetics Type 1 and insulin-dependent diabetics diagnosed before the age of 30 typically present the largest challenges for securing life insurance coverage. If you are a type 1 di Continue reading >>
Whole Life Insurance For Diabetics {apply Now For Diabetes Whole Life Insurance}
Life insurance is an excellent safety net that you can purchase to ensure that your loved ones have the money that they need, regardless of what happens to you. When youre applying for life insurance, there are dozens of different factors that the insurance company is going to look at when reviewing your application. Whole Life Insurance For Diabetics may be the best option. People with Diabetes can often feel like their options are very limited and that protecting their family in the event of something unexpected is not an option. Fortunately though, this is not at all the case and whole life insurance for diabetics can definitely be obtained, and much more easily than you might think. The main thing to remember when applying for whole life insurance with diabetes, is to always work with a trusted life insurance agent like us, who can ask you the right questions and help you come up with the right answers (truthfully) to be able to keep your rates down as much as possible. Just like for any other person, applying for whole life insurance for diabetics means you will have to go through an underwriting process. This goes for people who have Type 1 Diabetes as well as Type 2 Diabetes . The job of the underwriters is to assess the amount of risk you present to the insurance company by reviewing your health and the severity of your condition. Obviously, the more severe your condition is, the more risk will be perceived by the insurance company and the more you will end up paying for your whole life insurance. At Diabetic Life Insurance Solutions we are dedicated to helping you get the best life insurance for diabetics . While that does not mean it is necessarily the cheapest diabetic life insurance we will make sure you are matched up with the right plan and company for yo Continue reading >>
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![No Exam Life Insurance For Diabetics [4 Tips For The Best Rates]](https://diabetestalk.net/images/whuuuYgfUayYjvEJ.jpg)
No Exam Life Insurance For Diabetics [4 Tips For The Best Rates]
At TermLife2Go, we work with the best life insurance companies in the U.S. What makes them the best? Each company caters to certain niches, including life insurance for diabetics. Which means, if you need life insurance you are going to be best served going with a diabetes friendly company. But choosing a company favorable to diabetics is only half the battle. Insurance underwriters look at other factors, such as health, lifestyle, occupation and need. Therefore, the key to getting the best rates on life insurance with diabetes is to apply with the right company for you—based on your unique health, occupation, lifestyle and need. And that is where TermLife2Go can shine. Whether you are in the market for the quickest policy and/or the lowest priced policy, we can point you in the right direction and give you the guidance you need to help you obtain the lowest price on life insurance with type 2 diabetes. Need life insurance fast? We also work with the best no exam life insurance companies. We can direct you to the most diabetic life insurance friendly no exam company in the marketplace, some that may offer you instant approval! Obtaining Diabetic Life Insurance in 2018 Everything you need to know about getting life insurance with type 2 diabetes All too often we have to break the news to our client that they have diabetes. The sad truth is most people looking for life insurance with diabetes don’t even know they have the disease. It is a silent killer because the symptoms are typically asymptomatic and does not show itself until something significant occurs, such as a stroke. The good news is people are becoming more aware of the dangers of diabetes and how to properly treat the disease to obtain a long and healthy life. This has made specific life insurance companie Continue reading >>
Whole Life Insurance For Diabetics
Is Whole life insurance for diabetics a better choice than term insurance? Whole life is permanent insurance which you cannot outlive. Term is temporary. If you have diabetes, what do you do when the term runs out? Diabetes is a disease which many people will struggle with for their entire lives. I know, I have diabetes. I eat well, exercise and I am not overweight. But Diabetes is in my family history and will always be lurking in my body for the rest of my life. There is essentially no cure for diabetes. Yes, it can be controlled through diet, exercise and medication but for most people, it could resurface at any time. So, the question is, why would you purchase a temporary insurance product such as term insurance when you know your insurance needs could be for the long term? Many financial celebrities and investment publications say whole life is a terrible investment. They claim whole life should be avoided at all costs and Term insurance is the best choice for anyone looking for life insurance coverage. But is whole life the terrible investment choice that some people make it out to be? Lets take a look: Term or Whole Life Insurance For Diabetics Which is Better? Term life insurance for diabetics is temporary coverage which eventually ends. It is essentially a wager against the insurance company that you will die within the term and the insurance company is betting you wont. If you take out a 20-year term policy and you die one day after 20 years, your family receives nothing. Whole life insurance has the potential to cover you for your entire life. You cannot outlive the policy as long as you pay your premiums. Quick Tip: Want a Free Whole Life Quote? Use the Customized Quote Form to Contact Us When you pass away your family will receive the full death benefit. P Continue reading >>
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7 Reasons Diabetics Should Buy No Exam Life Insurance [instant Quotes]
7 Reasons Diabetics Should Buy No Exam Life Insurance [Instant Quotes] Diabetes is incredibly common in the United States. Consider the statistics: 30.3 million Americans, or 9.4% of the population, has diabetes.Approximately 1.25 million American children and adults have type 1 diabetes. American Diabetes Association While medical advances on treatment and prevention continue, those of us with the condition can attest that its difficult to live with. American actor, Tom Hanks, jokingly described his experience with being diagnosed with type 2 diabetes: I went to the doctor and he said, you know those high blood pressure levels youve been dealing with since you were 36? Well youve graduated, youve got Type 2 Diabetes, young man. Tom Hanks, appearing on the David Letterman Show No doubt, diabetes, whether its type 1 or type 2, adds a layer of complication to your life. Just how much does diabetes affect your ability to get life insurance? Heres some good news Diabetics are approved for life insurance all the time. More good news Many diabetics choose to purchase no exam life insurance. 7 Reasons Diabetics Should Buy No Exam Life Insurance *Policy features subject to change. Availability varies by state. For those of us with diabetes, one less poke may not seem like a big deal. However, skipping the hassle of the entire medical underwriting process often means the difference between purchasing life insurance and putting it off. Lets take a closer look at what the no exam life insurance application process looks like. While each life insurance carrier is different, you can generally expect: A no exam life insurance application typically includes Phone interview, including questions about: Your diabetes (type, A1C levels, treatments, degree of control, age of onset, compli Continue reading >>
Life Insurance For Diabetics Questions And Answers
Can I Get Affordable Life Insurance If I have Diabetes? If you have questions about finding affordable life insurance if you are diabetic, we can provide the answers you need. Learn all about the key factors used in determining your eligibility. Life Insurance for Diabetics Questions and Answers According to a report conducted by the American Diabetes Association, 1.5 million Americans are diagnosed with diabetes every year.1 Diabetes can be a serious disease. While having it can affect your ability to qualify for life insurance , a diagnosis doesn't necessarily make it impossible to get affordable coverage. In this article, we'll look at information about life insurance for diabetics, such as key factors that can determine your overall insurability and premium costs. Key factors in getting affordable life insurance coverage with diabetes Not everyone that has diabetes will be denied coverage or pay high life insurance premiums. Just like any other health issue, obtaining life insurance if you are a diabetic involves different factors that insurers look at when considering you for coverage, depending on how serious your condition is and how well you're managing it. Some examples of factors that are considered when applying for life insurance as a diabetic: Many people are able to control their blood glucose levels through a combination of careful meal planning and exercise. Diabetics who are not insulin-dependent may pay less in premiums compared to those who are. You may have an easier time getting coverage if you can prove that your blood sugar is under control. As part of your life insurance medical exam, lab testing will be performed on your blood sample that typically includes glucose measurement. These results along with your medical records will be considered to Continue reading >>
Life Insurance For Diabetics A Wealth Of Choices
Life Insurance for Diabetics A Wealth of Choices Last updated: December 12, 2017 at 10:03 am Can you get life insurance if you have diabetes? Absolutely. Can you get the kind of insurance you want at a reasonable price? That depends. Insurance for people with Type 1 and Type 2 diabetes is a complex topic with as many variations as there are symptoms of the disease, making the search of life insurance for diabetics an arduous process. Dealing with a skilled and knowledgeable provider is essential, because each insurance company has its own standards for coverage. If you apply to the wrong one and get rejected, the rejection becomes part of your medical record for all other companies to see, which can lead to further rejections that otherwise may not have happened. Thats just one of many tricky aspects of obtaining coverage for people with diabetes. On this page, well guide you through each phase of the disease and show you exactly what kind of life insurance policies you can expect, which companies provide them, and what kind of payouts they offer to your family and loved ones. So read on. Even though you may not qualify for the same policy as a healthy person, you probably have more options than you think. Per the American Diabetes Association : In Type 1 diabetes, the body does not produce insulin. The body breaks down the sugars and starches you eat into a simple sugar called glucose, which it uses for energy. Insulin is a hormone that the body needs to get glucose from the bloodstream into the cells of the body. While it is possible to obtain life insurance with type 1 diabetes as long as your condition is well controlled, the underwriting process is more difficult for people with Type 1 diabetes. If you are approved, you most likely will be rated in a lower health Continue reading >>
Diabetes Life Insurance
It is very possible to get life insurance if you have diabetes. Affordable life insurance is very likely available to you, especially if your diabetes is under control; you can usually get affordable rates if you respond well to treatment and lead a healthy lifestyle. Even if that is not the case, there are still ways to find the coverage you need. To keep your search for affordable life insurance efficient and your stress low, contact an independent agent in the Trusted Choice® network. Trusted Choice member agents have working relationships with multiple insurers and can track down harder-to-find insurance options. Contact one of these agents today to get several competitive quotes on life insurance for diabetes. Diabetes Statistics in the U.S. 25.8 million children and adults, or 8.3% of the U.S. population, have diabetes 18.8 million people have diabetes which has been diagnosed 7.0 million people have diabetes which is undiagnosed Can I Get Life Insurance as a Diabetic? You can get life insurance if you have either Type 1 or Type 2 diabetes, providing your diabetes has been under control for a period of at least 6 to 12 months. You can also get life insurance if you are insulin dependent. Diabetics who have their diabetes under control may or may not be approved for life insurance coverage if they have additional contributing health risks, such as: Coronary heart disease Smoking Obesity High blood pressure which is not controlled You will not typically be approved for life insurance policies if your diabetes is not under control. You may be able to purchase specialty life insurance options like guaranteed-issue life insurance, but you’ll pay hefty premiums for your coverage. Can I Get Diabetic Life Insurance Without a Medical Exam? You can get life insurance wit Continue reading >>
No Medical Exam Life Insurance For Diabetics!
Any other health issues (including cholesterol, high blood pressure or other diseases)? With this information, we can shop the market and find the lowest rate available for YOUR unique diabetes situation. You have to understand that each life insurance company will look at your diabetes factors differently and its up to us to find the business that will give you the best rates. The best life insurance rates will be given to those with well-controlled diabetes who were diagnosed later in life. If your diagnosis was recent, life insurance underwriting will typically require 2 or 3 follow up visits to demonstrate control. The more expensive life insurance rates will be given to uncontrolled diabetics. Also to those who dont take their treatment seriously, like smokers and overweight people who dont try to control with diet and exercise. With that said, our agency has seen the following trend: Preferred rates for controlled type 2 diabetics onset over age 60 and controlled with diet and exercise. (we currently know of only one company doing this) Standard rates for controlled diabetics onset after age 50 (if this is you, run an instant quote on our website at Standard rates) A substandard rating will be given to those onset under age 50 or those that arent under control. As a general rule of thumb, type 1 diabetics will start at a table 4 substandard rating. If youre not sure what that means, please give us a call and well walk you through it. This might all seem a little confusing. The best advice we can give you is to contact our office and let us provide you with the information you need to make an informed decision. Best Life Insurance Companies With A Medical Exam [For Diabetics] Here are the top 5 life insurance companies for diabetics and the reasons why: 1. AIG VER Continue reading >>
