If you have diabetes and you are shopping for life insurance coverage, then it is important to know what the life insurance for diabetics options are and understand how diabetes will affect the premium that you pay for coverage. Although it is considered to be a serious health issue in the eyes of most life insurance carriers, many insurers still offer diabetes life insurance but it depends on your health and your overall care.
Most companies make a distinction between type 1 diabetes and type 2 diabetes. Type 1 diabetes is often acquired during childhood, but it can also come on in a person’s 20′s, 30′s, or 40′s. This type of diabetes has nothing to do with how a person eats or their weight. The immune system destroys the beta cells that produce insulin, so a type 1 diabetic is insulin dependent from day one. Many life insurance companies will not offer coverage to a type 1 diabetic, but there are companies that will. You will have to go through a physical exam and your blood will be drawn in order to do an A1C test. This measures the your average blood sugar level for the previous 3 months. Most insurers want to see an A1C of 7 or less for standard rates.
If you have type 2 diabetes, then the coverage you qualify for will depend on how well you manage your diabetes. Some factors that an insurance will consider: are you on insulin or a pill? What was your last A1C? What is your height and weight? Have you had any diabetic seizures or other related problems? Depending on your overall health and diabetes care, you might still qualify for a life insurance policy with standard rates.
Get a free quote today to compare multiple rates from companies that offer life insurance for those with diabetes. Remember that all companies have different rates so it definitely pays to compare. You can view several rates for life insurance for diabetics and choose the rate and policy type that is best for you.