Life Insurance for Diabetes – Can you buy life insurance if you’re diabetic?
There is no one right answer for all diabetics, because the prices and availability can vary by person, depending on several individual factors, which may include: age, gender, health condition, family health history, and how you manage your diabetes.
Today, even if you are insulin dependent, you may be able to find affordable life insurance for diabetics through a highly-rated life insurance company that specializes in finding diabetics the best plan and price for life insurance protection.
We have partnered with JRC Insurance Group, which has a network of life insurance companies that specialize in providing life insurance protection for people with diabetes.
There’s no promise that every diabetic may find the life insurance they need, but if you are keeping your diabetes in check with a proper diet, and watching your weight, you may be able to find an affordable life insurance plan that meets your needs, and fits your budget.
Whether you are an insulin dependent diabetic, adult onset diabetic, juvenile onset diabetic, or oral meds or controlled by diet diabetic, it may be to your advantage to use a free quote service like JRC Insurance Group that has worked with life insurance companies that insure people in your situation.
The American Diabetes Association recommends ten foods that help keep your A1c low; these include beans, dark green leafy vegetables, citrus fruits, sweet potatoes, berries, tomatoes, fish high in omega-3 fatty acids, whole grains, nuts and low-fat milk or yogurt.
Nearly 24 million Americans have diabetes, while an estimated 79 million Americans are pre-diabetic, according to the Centers for Disease Control and Prevention.
Life insurance companies rate their policies based on several factors, including your health status.
Also, an insurance carrier can choose to not provide life insurance based on an applicant’s chronic health conditions, like diabetes.
Even so, it may be possible for many diabetics to find life insurance for diabetes policies in the U.S.
You need to know where to look. Some life insurers specialize in offering life insurance to people with diabetes, and other chronic health conditions.
One recent study on diabetes indicates type 2 diabetes, well controlled or not, results in a high occurrence of heart disease.
Strokes and heart attacks are the leading cause of death among type 2 diabetics and the American Diabetes Association suggests that the rate of death among diabetics due to heart disease is possibly as high as 75%.
Maybe life insurance underwriters are putting to much emphasis on lowering glucose numbers, possibly putting too high an emphasis on a low hbA1c.
Life insurance companies may become less stringent about glucose levels, but may adjust mortality tables to reflect the high occurrence of heart disease in diabetics.
Currently the most critical underwriting factors for diabetes are:
It appears the best underwriting and life insurance rates may go to late onset (after age 50), an hbA1c of 6.5 or under, and no complications resulting from diabetes.
AIG – American General has been in business for more than 160 years with over 12 million customers. They have specialty underwriting guidelines for people with diabetes.
The majority of diabetics may now receive a non-diabetic rate on their life insurance if they meet certain underwriting requirements.
You can get a free life insurance quote from AIG and several other leading life insurance companies through JRC Insurance Group.
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American Diabetes Association - Learn about diabetes and review diabetic resources.