Diabetes Life Insurance
Yes Diabetics we can find you affordable Term Life Insurance Coverage!
If you are a diabetic and in search of affordable diabetic life insurance its important for you to know that after you have been diagnosed with diabetes, life insurance policies can be un affordable or unavailable. This happens because life insurance companies will rate or charge you a premium based off actuarial tales and mortality. Yes I know (not fair) but come on lets face it your not as healthy as the average person.
How do you obtain affordable diabetic life insurance?
Even if you are a diabetic it still is possible to obtain quality affordable life insurance. The important thing to know is where to look. Certain life insurance companies, or carriers, specialize in selling policies to people with chronic health conditions like diabetes. If you are a Diabetic that is a diver please check out scuba divers life insurance to learn how to get the best rates and quotes.
To find the best life insurance policy for you, please consider the following:
A major factor in the cost of life insurance for diabetics policies for people with type 1 or type 2 diabetes is how well they manage their diabetes. If you have a lower A1C, good blood glucose control, lead a healthy lifestyle, and do not have complications from diabetes, chances are your rate will be more reasonable too. Find an insurance agent that is experienced in obtaining policies for individuals with “impaired risk or substandard life insurance” like us – they will know what carriers may offer you a policy and which one(s) may not. Apply for a policy with a life insurance carrier that uses “clinical underwriting”-”life style points” which is a process that looks at your total health, not just what health conditions you may have. Shop around ? on the internet, by phone, or through referrals from family and friends. Becoming your own advocate will help you to find a life insurance policy that best fits your needs. Just because one company rates or declines your application does not mean that another company will not look at you more favorably.
Below you will find a detailed and thorough guide and overview how diabetics can find and obtain affordable diabetic life insurance coverage.
- Diabetes Mellitus is a chronic incurable disease in which the hormone insulin, produced by the pancreas, is inadequate.
- The lack of appropriate levels of insulin deprives cells of energy and leaves excess glucose in the blood stream.
- Individuals under age 40 who develop diabetes often experience serious symptoms and are diagnosed quickly.
- Individuals over age 40 typically develop the disease more gradually and do not experience any symptoms. It is not uncommon for adult onset diabetics to be diagnosed as the result of blood and urine studies performed as part of an insurance exam.
- Diabetes is classified either as Insulin Dependent Diabetes Mellitus (IDDM), also called É?juvenileÉ? or É?Type IÉ? diabetes, or as Non Insulin Dependent Diabetes Mellitus (NIDDM), sometimes referred to É?adult onsetÉ? or É?Type II É? diabetes.
- Insulin dependent diabetics have to inject insulin several times a day in order to control the disease; some wear insulin pumps that supply the hormone continually. Insulin dependent diabetes is often the more serious form of the disease as it typically starts earlier in life and therefore has a greater impact on life expectancy.
- The more common form of the disease is non insulin dependent diabetes found in older adults. Non insulin dependent diabetics control their disease with a special diet, weight loss, exercise, and medications.
Impact on Life Underwriting: For Diabetic Life Insurance applicants!
- Elevated blood sugar (glucose) levels are of greatest concern for life underwriting purposes.
- Establishing the degree of diabetic control is key in our effort to underwrite any diabetic (insulin dependent or not). At the very minimum, we will need to know: (a) the age at diagnosis; (b) recent results of the glycohemoglobin HbA1C test; and(c) details in regard to any complications; (d) details about any abnormal lab. values, such as protein in the urine. Medical compliance, as evidenced by regular medical checkups, are another key to successful diabetic underwriting.
- Although non insulin dependent diabetics are generally offered insurance rates lower than those available to younger, insulin dependent proposed insureds, an insulin dependent diabetic with excellent control could obtain a better offer than the non insulin dependent diabetic with poor control. The method of treatment does not affect the risk: it is the result of the treatment that matters most for life underwriting purposes.
- The lab. value viewed as most critical to diabetes underwriting is that reported for the glycohemoglobin HbA1C test, also referred to as the A1C test. It is an indicator of average blood sugar levels over a period of six weeks or more. NormalA1C values for non-diabetics are generally under 6. Diabetics with good control will have A1C readings in the 6 to 7 range. Individuals with such values, especially if the condition was diagnosed after age 60, often qualify for standard rates. Moderate diabetic control is indicated by A1C test readings in the 8 to 9 range; ratings vary from Table 2 to Table 6, depending primarily on age of onset (the older, the better).
- A1C test results in the double digits (i.e. 10 +) indicate poor control. Even with frequent physician visits, a consistent A1C test of 10 or higher will lead to highly rated cases. A1C test results of 12 and higher are offered at tables 12 and up; many will be postponed until further control can be documented. Similarly, many underwriters will postpone or decline an applicant with a history of infrequent physician visits (less than at least once a year) and otherwise inadequate compliance in regard to disease management.