Living in the current Covid 19 environment, life insurance for diabetics is still obtainable. Nevertheless, your premiums will vary depending on several factors, including your life insurance company, your age, your diabetes type, severity, and treatment, just to mention a few. The more risk you present in any of these categories, the more you’ll pay for your life insurance policy. Some term policies can convert to whole life.
Pre-existing conditions don’t have to hold you back. You can buy life insurance with a diabetes diagnosis, though you will most likely end up paying more for a policy than someone without diabetes, ceteris paribus.
Due to the ever-changing nature of the coronavirus pandemic, some insurers are modifying processes and imposing coverage restrictions on certain health conditions or age groups. Your Insurance Pro agent will be able to further discuss your options and find out how to get the most affordable policy with the best coverage.
It’s a contract where an insurance company agrees to pay an amount after the death of an insured party. Policies provide to insured people the guarantee that their loved ones will get peace of mind and financial protection after their death.
A life insurance policy can also be used to cover final expenses like funeral fees, but it can also help your loved ones finance future expenses, from college tuition to mortgage payments. If you are the main earner in your household, this type of financial support can help your family.