Obtaining life insurance for diabetics can be tough. Not only for consumers, but for many life insurance agents that don’t understand your risk.
Life insurance for diabetics will tend to be more than that with regards to non-diabetics, simply because it has been shown a person with diabetes certainly has a shorter lifespan than someone without diabetes. This doesn’t mean you can’t secure life insurance with diabetes, it just means you’re going to be paying more than someone without diabetes.
Don’t let this deter you from purchasing coverage. Your family needs the coverage just as badly as any other family. What would happen if you didn’t walk through the front door from work tomorrow because you thought life insurance for diabetics was too expensive?
Puts things in perspective, right?
To find the best life insurance policy for those with diabetes takes an experienced agent who specializes and understands how diabetes effects you and your life insurance rates. Simply using the wrong company can increase your premiums or even lead to a decline. Some life insurance companies don’t like people with diabetes – even some of the most recognized names in the industry.
A significant component within the price life coverage for diabetics policies for individuals with type 1 or type 2 diabetes is how much control they have of their diabtes. In the event you have a reduced A1C, good blood glucose levels, proceed a good lifestyle, and not any complications from diabetes, chances are you’ll secure very affordable rates.
In fact, if you’re over 50 years old, Standard rates are available and if you were diagnosed over 60 years old, some companies can offer Preferred rates if everything is under control and there are no underlying health issues.
They key is knowing if you can qualify for these rates. Your life insurance agent will be able to guide you through the process and if they can’t, then we recommend you find an agent that will.
The best thing you can do is search online for life insurance experts that specialize in high risk or helping those with diabetes. We all use the same published life insurance rates, so it doesn’t matter who you choose…you just need to make sure you use the right life insurance company.