Life Insurance and Diabetes

Doctors demand action
Challenges for diabetics
don’t end at the doctor’s office.

A diagnosis of Diabetes means many new challenges in your life, not the least of which is trying to obtain life insurance. The insurance companies can choose not to insure you, based on your diagnosis or build in an extra premium based on your health. It’s important to work with a seasoned broker who has experience dealing with diabetics. After all, getting insurance as a diabetic is difficult, but not impossible. Knowing the seven variables insurance companies will consider when determining if you qualify, could mean the difference between insured and uninsured:

Getting insurance as a diabetic is difficult, but not impossible.

1. If the insured is insulin dependent – All things being equal, an insulin-dependent diabetic will pay a higher premium than those who don’t depend on insulin. Insulin dependent diabetes is considered a chronic disease that usually begins in childhood, but it’s not the most common form of diabetes. Insulin dependent diabetics account for only 5% of diabetics in North America.

2. The age when the insured was diagnosed – Younger diabetics are usuallly underwritten more carefully than older diabetics. In fact, diabetics 50 and over with no other health issues can qualify for the same standard rates as non-diabetics.

3. Duration of diabetes – Once diabetes is under control you should work to obtain life insurance as soon as possible, since it can lead to other extraineous health issues that can make it even more difficult to obtain life insurance.

4. Insulin Control – Readings over 9.9 on your A1c Hemoglobin Test (the standard test for measuring insulin control) can spell problems when it comes to qualifying for life insurance.

5. Renal Damage – If you have renal damage as well, applying for insurance will be much more challenging. We can’t stress enough how important it is to apply for life insurance as early into your diagnosis as possible.

6. Height and weight – Traditional insurance is normally unavailable if you’re diabetic and overweight.

7. The Life Insurance Company Each life insurance company has its own unique underwriting criteria. It’s cruicial that your broker be aware of the guidelines from each carrier. It’s also important to add a cover letter explaining your medical history if you are a potential high-risk case.

If traditional insurance is closed to you, all is not lost. You can look for a simplified issue or guaranteed issue policy.  Guaranteed issue plans have no medical tests and no health questions.  These policies are more expensive than Simplified Issue policies and have a two year waiting period on no accidental deaths. Most diabetics especially non insulin diabetics do not have to go this route.  Simplified Issue plans have no medical tests and a short series of health questions. 

Many Simplified Issue plans do not have a diabetes related question and many of these plans have coverage available on an immediate play basis.

You can  get a free non-medical life insurance quote at our Free Instant Quote Page. Contact us at 1.866.899.4849 for more details.

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Deven
Deven

I am diabetic age 45 dependent on insulin with type 2 diabetes what is the best coverage in terms of life insurance that i can get

kelly
kelly

Can I still get life insurance if I have diabeties in combination with other health issues. My diabetes is under control but now I have High Blood Pressure

Karen
Karen

My mom was rated by BMO because of diabetes how do I go about getting the rating removed or reviewed

Gary
Gary

I was diagnosed with HIV 10 years ago. I’m working full time can I get any life insurance

Tony
Tony

Does Canada Life insure an insulin diabetic?

Lisa
Lisa

Hi There,

My Mom is a Diabetic and takes Insulin 27 units once a day…..just started taking it about 1 mth ago. She has been having a hard time getting Life Insuranace on their mortgage.

Please help.

Thanks,
Lisa

Peter
Peter

Hi, I am looking into a term policy for my wife who is diabetic and has lupus, but is stable. What do you recommend?

Thanks

Faygie
Faygie

I am a diabetic taking pills, and would like to get coverage. What type of questions would the insurance companies ask in a non-medical type policy, or guaranteed issue?

mike
mike

would someone with type II diabetes be eligible for non-medical life insurance?

Del
Del

How much would bit ve to convert my existing term plan without a medical. I was diabetic when I took it out. But now I was just put on insulin

Walt
Walt

I have diabities and have a life insurance policy, I just switched to talking insulin. My blood sugar is still good do I have to inform the insurance company of the change

Jim
Jim

If you get an insurance policy that covers a diabetic, can the policy you have be re-evaluated or voided if other health issues arise?

Crystal
Crystal

Type 1 diabetic looking for life insurance

Leanne
Leanne

Mother 73 she is diabetic just this last year. Any hope of taking life insurance out on her From Saskatchewan

John
John

I’m 65 year old male, non smoker. My current insurance policy has me listed as a non-diabetic but I was recently diagnosed with Type II diabetes. Should I contact my current provider? And if I don’t will this new information make my policy void null and void? How would this effect my premium rates if I were to purchase no-medical plan?

Ajnabi
Ajnabi

Dear Sir,

I am diabetic and on Insulin. I would like to take Universal Life Insurance Policy about $500K. Approximate, how much premium I should expect in this medical condition. Since last few months, my sugar is under control. I don’t any other Renal Damages and my height and weight is also normal as required. My age is 37 yrs.

Sameer
Sameer

Can some one please let me know what Canadian Life insurance companies insure diabetics? I am a 34 Year Old non insulin dependant diabetic.
Sameer

Chakademus
Chakademus

Hi,
I recently had a high blood sugar reading, 248, and an A1c 0f 9%. However since then my reading have averaged in the low 100s. I therefore am not convinced that I am really diabetic, I may just have been having a bad episode for whatever reasons on the day I was tested. I am thinking of getting a policy because this has raised questions for me concerning insurability later in life. What are my options? Can I answer the diabetes question negatively on the application?

Thanks

Lisa
Lisa

Hello

I have been diabetic for 10 years and it is well controlled with pills. I am looking to get a quote for 100 000. I have never smoked, and I am 38 years old.

Thanks