Diabetes Life Insurance Underwriting Guide

By | November 23, 2008

This diabetes life insurance underwriting guide can and should help you diabetics better understand how to get the best life insurance underwriting when you apply for a policy.

Diabetes is a metabolic disorder that is caused by not enough production of insulin in the body. It is mostly irreversible but can be controlled by diet, medication and exercise prescribed by your Doctor. By the way when applying for a life policy the above mentioned factors (diet, exercise and medication) are the big factors the underwriters look for in you file. Control and follow up with your doctor are huge and will greatly improve your opportunity for the best rates.

In the insurance underwriting process you need to be in control of the symptoms and issues due to in the later stages it causes complications and can accelerate, coronary artery disease, kidney disease and stroke. These will all lead to a shorter life expectancy and higher insurance premiums.

Factors that will affecting the underwriting decision:

  • Current Age
  • Date of diagnosis and the age at onset
  • Current treatment and medications
  • Type of Diabetes: type I or type II
  • Do you monitor your blood sugar readings
  • Any complications such as: nephropathy, neuropathy, cardiovascular disease and retinopathy-to name a few
  • Current build: Height and weight
  • Blood Pressure

These are to name just a few but will help you to build a case for the underwriter if you are monitoring and controlling the above factors.

Items needed to help your broker present the best case to the insurance company:

  • Have you seen any specialists: Like neurologist, endocrinologist or nephrologist? If you have either obtain the records or have the latest results from them and explain to your broker.
  • History of your blood sugar control: copies of blood sugar tests and your Hemoglobin A1c’s always help
  • Note: Blood sugar and A1c readings are a huge factor in life underwriting for diabetics.

Also provide any risk factors upfront to your broker and please detail your lifestyle extensively if you are active and exercise tell them everything you do to keep in shape. The more they know about you and how you take care of yourself the better the carrier can underwrite you.

Here is a list of the possible underwriting decisions:

Type 1 Diabetic (insulin dependent):
Best Case probably rated table 2 could be higher depending on your history.
Typical case is table 2-4
Worst case is a decline or postponed

Type 2 Diabetic (non insulin dependent):
Best case: Standard rate class, could be better depending on the carrier and their underwriting guidelines
Typical case is Standard rate class to Table 2 rating
Worst case is a decline or postpone until issues are under controlled and monitored regularly by your physician .

Articles and resource list:

American Diabetes Association – Article on Life Insurance

The Diabetes Blog – Why don’t insurance companies insure diabetic kids?

Yahoo Answers – Diabetes Life Insurance discussions

Diabetes Forums – Forum Discussion on obtaining life insurance

You should now have all the information you need to help you obtain the most affordable life insurance policy. This is the best time in history to obtain life insurance, mortality rates have been extended and the carriers are looking for premium dollars. Don’t wait call your agent or broker and get some quotes.

15 thoughts on “Diabetes Life Insurance Underwriting Guide

  1. Pingback: Impaired Risk and Substandard Life Insurance | Insurance | Free Insurance Quotes

  2. Pingback: Substandard Term Life Insurance Policies-How to get the best rates « Lifeinsurancepros’s Weblog

  3. Pingback: Guide to Substandard Impaired Risk Life Insurance | Automotive News

  4. Pingback: Insurance » Blog Archive » How to get a better Substandard Impaired Risk Life Insurance Offer

  5. Pingback: Substandard Term Life Insurance Policies

  6. Pingback: Impaired Risk Substandard Term Life Insurance Guide | Insurance Article Directory

  7. Pingback: The Truth about Substandard Impaired Risk Life Insurance Underwriting | The Life Insurance Pro

  8. Pingback: Impaired Risk Substandard Term Life Insurance Guide

  9. Pingback: Substandard Impaired Risk Life Insurance Underwriting Manual | The Life Insurance Pro

  10. Pingback: Substandard Term Life Insurance Policies | Fara Insurance - Insurance Article Directory

  11. Pingback: Impaired Risk and Substandard Life Insurance

  12. Pingback: Information on Diabetes Life Insurance Types of Policies | Term Life Insurance Quotes

  13. Pingback: Information on Diabetes Life Insurance Types of Policies | Your Insurance Answers

  14. Pingback: What is Substandard Life Insurance

  15. Pingback: How to get better Substandard Life Insurance Rates | goidahoinsurance.com




Leave a Reply

Your email address will not be published. Required fields are marked *