Diabetes is one the most common health impairments life insurance underwriters see. There are in fact over 25 million people in the United States living with diabetes.
Purchasing life insurance for diabetics can be difficult, but it doesn’t have to be. You can keep your life insurance costs down by demonstrating control and compliance of your diabetes. Meaning you keep your blood sugar levels low and you take all your doctors prescribed medications. If you don’t want to deal with a full exam to get life insurance, you can always get life insurance with no medical exam as an alternative.
Life insurance rates will vary by the type of diabetes you have. Type II diabetics will see lower cost life insurance the type I diabetic. If you have type II diabetes and are looking for life insurance you can expect to get standard life insurance rates as a best case scenario. With type I diabetes your best case scenario is most likely a table 5 rating.
The key in finding the most affordable life insurance policy if you have diabetes is finding the company that will look most favorably at your individual situation. Every company will look at each diabetes case differently. It’s your life insurance agent’s job to find the one that will look most favorably at your situation.