Insurance for Diabetics

Looking for life insurance for diabetics? You are not alone. According to various diabetes organizations, there are more than 24 million Americans who suffer from diabetes. Diabetes have increased 14% from 2005. Researchers estimate that up to 25% of people who suffer from diabetes have not yet been diagnosed and there are a total of 57 million people who are pre-diabetics, contracting diabetes in the later stage of life. It goes without saying that the issue of diabetes and life insurance are important ones. Can you get life insurance for diabetics?

Now before looking at what sort of insurance policies for diabetic there are, it’s important to understand a bit about diabetes as the type of diabetes may influence your insurance options.

What types of diabetes are there?

Type 1 – This type is the result of your body not being able to create enough insulin. This disease will start early in your life and must be treated through regular insulin shots. It’s a lifetime disease.

Type 2- Type two diabetes usually ends up developing later on in life because of insulin insensitivity. This means your body can no longer process insulin. The effects can sometimes be reversed through proper diet, weight management, and exercise; if not, yu can take special medications to help control the diabetes problem.

How Do Insurance Companies View Diabetes?

It’s difficult to get life insurance for Type-1 diabetes especially if a person who suffers from it has had some other health issues. If you have Type 2 diabetes, there are more options, especially if a person has managed it successfully already.

Can You Get Life Insurance coverage?

Insurance companies generally like to avoid risky clients. An insurance carrier trying to determine your health risk will ask detailed questions about your condition, such as when your disease onset first occurred and how you are currently managing the problem – shots, diet, exercise etc. If you have had other health issues in the past, it will be much more difficult to get coverage.

Insurance underwriters will look at your history and try and determine if you have other health problems that are effecting your overall health and longevity. If you do have other health problems and are using insulin, you may look at getting non medical whole life insurance. If you happen to have type 2 diabetes and are controlling it you may actually qualify for standard insurance coverage rates provided your blood tests show standard blood sugar levels.

So it is possible to get the insurance you need – but the type of diabetes you have and the level of control you have over your diabetes condition will really play a key part in how much you pay for your coverage.

For the best life insurance for diabetics, you should really look online. There are plenty of providers out there with a web presence, and you can get various quotes. Make sure to do plenty of research.