If you have Type I Diabetes, life insurance companies view you as a ‘higher’ risk when compared against people with pre or type II diabetes.
Life insurance for type 1 diabetics will be more costly vs. other types of diabetes. However, individuals with type 1 diabetes can still qualify for life insurance coverage. Easy Diabetes Life will help you navigate the companies to get you the best coverage and prices.
Type 1 ,What is it?
American Diabetes Association states: “Type 1 diabetes, is a condition where the body does not produce insulin. Simply put ,the body breaks down the sugars and starches you eat into a simple sugar called glucose, which it then uses for energy. Insulin is a hormone that the body needs to obtain glucose from the bloodstream and into the cells of the body. In diabetes type 1, the body is unable to process glucose due to lack of insulin.
This diabetes is usually diganosed in childhood and usually poses a higher risk for diabetes related complications. Therefore, insurance companies will usually view these clients as a “higher risk” and assign higher premiums. However, with the help of insulin therapy and other treatments, even young children can learn to manage their condition and live long, healthy lives.” This in combination with your individual health profile and a possible later diagnosis can help secure you more favorable rates.
Each insurance company will follow different underwriting guidelines and factors to determine coverage and premiums. One insurer may deny you whereas, another may approve you and with a lower premium increase than others. Although higher premiums are an unfortunate reality for those with type 1 diabetes, there are still ways to secure better premiums for you and our job is to do just that.
We specialize in working with clients who have diabetes and can help save you thousands of dollars on your life insurance and tens of thousands over the life of your policy. Our experienced agents know which carriers offer the the lowest premiums.
For example, if you are using cutting edge diabetes medicine and technology, some companies will offer you lower rates.
Other companies may offer discounts if you are will to wear a fitbit or Apple watch to prove you are exercising regularly, eat healthy and live an active lifestyle.
We can help you find the best rates for people who have Pre, type 1 or type 2 diabetes
Type 2 Diabetes
Type 2 diabetes is the most common form of diabetes and can often be controlled with oral medications. Type 2 Diabetes is a condition that causes blood glucose (sugar) levels to rise higher than a normal person’s level. This condition is also known as hyperglycemia. The science of the condition is summarized by The American Diabetes Association: “If you have type 2 diabetes your body does not use insulin properly. This is called insulin resistance. At first, your pancreas makes extra insulin to make up for it. But, over time it isn’t able to keep up and can’t make enough insulin to keep your blood glucose at normal levels.”
Approval for Life Insurance is easier for people with type II diabetes vs. people who have type I diabetes. If the A1c Level and weight are in good range we can usually get the same rate as a person who is not diabetic but maybe had high blood pressure and high cholesterol.
The exact medications you are taking is really not a main factor in determining your insurability, rather they look at the overall control of your diabetes and the stability of the numbers over the past few years.
The good news is if you control your diabetes with diet and exercise, there are A+ AM Best rated companies that will even offer you Preferred rates.
This is the same health rating that people without diabetes will often receive. Modern medicine has gotten so good at controlling diabetes so the insurance companies have responded by lowering the rates. In fact, the advancement in the science of controlling diabetes has awakened a revolution in life insurance rates for people with type II diabetes. These new life insurance rates are at an all time low. It’s never been easier to find life insurance for type 2 diabetes!
John Hancock Life insurance company is even offering premium discounts for people who use Apple Watches or other smart watches who can prove they exercise regularly and maintain a healthy lifestyle. These discounts can be up to 35% off and over the course of a lifetime, these discounts will add up to tens of thousands in premium savings.
If you are looking for a smaller life insurance policy, say $250,000 or less, there are some companies we work with that are offering the insurance with no medical exam. They will do a telephone interview and pull records. No more needles! Some of these policies can be approved in a matter of just a few hours!
Life Insurance with People with Pre-Diabetes–A1C 5.5 or lower
Pre-diabetes is a growing segment of our population as Americans consume ever more processed food and exercise less. According to The National Institute of Diabetes and Digestive and Kidney Diseases Health Information Center (NIDDK) found that 90 million people have pre-diabetes as of January 2020 and expected to grow to 150 Million by 2040.
How does pre-diabetes impact your life insurance rates?
Your A1C rating is the number one metric Life Insurance underwriters will use to determine your eligibility and health rating.
Pre-Diabtes is typically when your A1C is 5.0-6.5. The good news is if you are in this A1C range we will be able to find you a policy 95% of the time. Even if your A1C is above this range we still can often find you multiple offers from life insurance companies who would love to have your business.
As long as you proactively manage your diabetes by seeing a doctor and listening to their advice you will most likely qualify for Standard or in some cases Preferred Plus rates.
We also have a dozen NO medical exam life insurance companies to choose from if you are looking for a sub-$250,000 policy.
Fill in the form below and then one of our licensed diabetes life insurance specialists will help counsel you on your best options. If you can provide your Current height and weight and Medications finding your life insurance at the lowest premium will be a breeze.
I have Gestational diabetes, can I get Life Insurance?
Gestational Diabetes is a condition that begins when a woman’s body is unable to make and use all the insulin she needs for pregnancy. The main problem with this condition is without enough insulin in the body, the glucose cannot escape the blood and converted to energy. If the glucose can’t escape the blood it accumulates in high levels and this is called hyperglycemia.
The American Diabetes Association states:
“During pregnancy – usually around the 24th week – 6-9% of women will develop gestational diabetes. A diagnosis of gestational diabetes does not mean that you had diabetes before you conceived, or that you will have diabetes after giving birth. But it’s important to follow your doctor’s advice regarding blood glucose (blood sugar) levels while you’re planning your pregnancy, so you and your baby both remain healthy.”
Life insurance companies usually will not charge you more if you have gestational diabetes as they know in most cases the diabetes will not persist after the baby is born. If you follow your doctor’s treatment advice you can still qualify for Standard or even Preferred rates for your life insurance. These are the same classification of life insurance rates that folks qualify for who have no form of diabetes. If you’re thinking it may be hard to get life insurance if you have gestational diabetes, we have good news! It’s actually easy to qualify for and last year we got 93% of our diabetic applicants approved for life insurance. Pro tip:
You MUST work with the right agent, one who specializes in finding life insurance for people with diabetes. Work with a company like Easy Diabetes Life.
My child has Juvenile Diabetes, can they get Life Insurance?
Across America diabetes is on the rise and children with diabetes has more than doubled in the past twenty years. A couple of the early warning signs of diabetes in children is increased urination and thirst. When a person’s blood-sugar is too high, the body triggers a reaction in the that pulls fluid from tissues.
The American Diabetes Association State: “Approximately 90% of young people with diabetes suffer from type 1 and the number of patients who are children varies from place to place.”
Parents are buying life insurance for their children because they think it can be a solid financial base for their kids to bridge from as they grow older. At Easy Diabetes Life we have relationships with all the life insurance companies and can find your child a policy 99.99% of the time If you’d like to learn more about life insurance for your child who has diabetes, simply fill in the form below and we will show you a side by side comparison of all the top A+ rated companies.
The Control of your Diabetes is key for buying Life Insurance?
Your control of your diabetes and overall health will be key in determining if you can get diabetic life insurance. Staying on top of your condition and implementing your doctor’s advice will be the main factor the life insurance companies consider when deciding if your health is insurable or not. The more stable the diabetes the better chance you will have getting approved and the lower the premium rates for your life insurance policy.