There are many questions that you probably have about getting life insurance as a diabetes patient: whether or not you are eligible, what questions you will be asked by the company and what is the best diabetic life insurance solutions.
Diabetes and life insurance underwriting
Before you are considered for life insurance, you will have to go through an underwriting process, which is done to evaluate your level of risk.
The following are some of the most common questions that diabetics are asked in this process:
- Which type of diabetes were you
There are 2 types of diabetes: Type 1 and Type 2. Type 2 diabetes is usually diagnosed later in life and is easier to control with medical treatment. For this reason, those with Type 2 diabetes are given a better quote for their insurance.
- At what level is your A1C?
An A1C level below 7.5 is considered healthy for a diabetic. Usually, those with an A1C level of up to 8.5 can apply for insurance.
- What treatment are you undergoing?
The underwriter is likely to ask you about the medication you are taking, how often you are visiting the doctor and whether or not your condition has improved. The last part is especially important as the insurer wants to know if your treatment is working.
Diabetes life insurance
It is possible to not only receive life insurance but also find an affordable quote for the cover. By keeping certain things in mind, you will also be able to find a suitable policy.
It is best to work with a company that focuses on diabetics and offers insurance even to high-risk patients. Such companies usually offer clinical underwriting- this determines your overall level of health rather than only your risk factors for diabetes.
Many policies are specific to diabetes. In general, term life insurance is a popular choice as it is affordable and easy to obtain.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00