Let Insurance Pro Experts Help You Since Not Every Life Insurance Company Handles Diabetic Applicants the Same Way.
Contrary to the common belief, there are plenty of opportunities for affordable life insurance for diabetics. You must prove consistent and effective treatment for 6-12 months or more, have a less severe diagnosis, and work with the right insurance company. In other words, if you can demonstrate that you have your diabetes under control, you can qualify for insurance, often at better rates than you might think.
People with diabetes typically believe that their chronic disease makes them too expensive to insure or not insurable at all. But the good news is that at Insurance Pro we always find the insurance carrier that best suits your unique needs and preferences, regardless of the type of diabetes you have, your age, or your budget.
Why does having diabetes matter to life insurance?
Diabetes comes with health complications. Therefore, you’ll be considered a greater risk than someone without diabetes, and consequently, be charged higher premiums. But it’s not an all-or-nothing scenario since underwriters will treat those with less severe and well-managed diabetes more favorably.
You may still be eligible for the best health classifications with some providers.
When you work with Insurance Pro, you will apply for life insurance with one of our agents. You’ll then go through the underwriting process, which insurers use to assess the risk of insuring you and your family. This includes, but not limited to, a look at your family’s health history, your hobbies, and even your driving record. You’ll also undergo a routine medical exam and your insurer may request records from your primary physician.
After the underwriting process, you are assigned a health classification, which determines your premiums. As you can imagine, the best class gets you the lowest premiums, while the lowest class will result in higher premiums. Insurance Pro takes a comprehensive approach to determining the best life insurance companies out there for people with diabetes.
What factors are taken into account for diabetics seeking life insurance?
- Age
- Type of diabetes (are you type 1 or 2 diabetes?)
- Severity
- Treatment and control
Also read: Life Insurance for Diabetics FAQs
And remember that a special enrollment period for the marketplaces began Feb. 15 and continues through May 15. During this time, people can sign up for or change their plan.
