Finding an affordable life insurance policy for Diabetics can be quite the challenge.
Don’t fret. We can help!
In fact, tough life insurance cases are our specialty at High Risk Life Insurance Agency.
Our 2 Minute Promise
Stick with us for two minutes, and you’ll have two important questions answered:
1. Can you qualify for life insurance if you are Diabetic? And if so…
2. How much will it cost?
Yes, most individuals who are Diabetic will be able to qualify for traditional life insurance, the type of insurance which requires a medical exam.
But you will need to speak with a knowledgeable, independent agent, who is licensed with several life insurance companies for your best chance at approval.
Best Case Scenario – A Diabetic with late onset of the disease at age of 50 and above would qualify for the best rating. Provided, there is good control of blood sugar using oral anti-diabetic medications without the need for insulin, and lastly, there must be no complications to the heart, kidneys or other organs. Most of these cases get a “Standard” rating.
For cases that are diagnosed at 46 and above, which have diagnostic findings of mild damage to the kidneys or eyes may still qualify for a “Mild Substandard” rating.
Moderate Case – Those cases that have been diagnosed at 46 and above, but present progression of the disease and beginning complications to the heart or kidneys may be rated at “Medium Substandard”. Provided, that the progression of the disease is delayed by practicing a healthy lifestyle and an effective medical management.
Other cases that may be rated at “Medium Substandard” are those that have been diagnosed early in life between ages 31 to 45. Click here for a quote at “Medium Substandard”.
Severe Case – A severe case of Diabetes is one that is diagnosed before the age of 31, these will definitely get a “Severe Substandard” rating for it is likely that over the course of the disease, more serious complications can occur such as kidney or heart failure. The best approval you may obtain for this is at a “Severe Substandard”. Click here for a quote at “Severe Substandard”.
You may have difficulty qualifying for traditional coverage, but could be eligible for a graded death benefit policy.
If you’re unsure which of the above health classes to quote yourself at (Standard, Mild Substandard, Medium Substandard or Severe Substandard), please see the questions below:
At what age did you become Diabetic?
Your age once you were diagnosed to be Diabetic is a key basis for your health class rating. Onset before the age of 31 is an automatic “Severe Substandard,” diagnosis between the ages 31 to 46 may be rated at “Mild Substandard” or “Medium Substandard” and those diagnosed at age 50 and above may have the best rating at “Standard” health class. These ratings, however, need to have diagnostic and clinical symptom’s correlation.
What medications are you taking to control your blood sugar?
The use of oral anti-diabetic medications as the sole means to control blood sugar is good and may get you a rating at “Standard,” provided that the blood sugar reading will be consistently within the normal level. If you are taking insulin regularly or as an emergency measure to lower down blood sugar, you may have to be evaluated further by a doctor to determine the appropriate health class.
Have you experienced any flare symptoms of hyperglycemia or hypoglycemia within the last six months?
Flare symptoms of too high (hyperglycemia) or too low (hypoglycemia) blood sugar may be a sign of uncontrolled Diabetes that may require Insulin for medical management. These cases may have to be evaluated further to determine the appropriate rating class.
You might also be interested in reading this article “Life Insurance Approval with Obesity”
Do you have regular check-ups with your endocrinologist?
Regular visits to your endocrinologist may be a sign of control and compliance that may get you a “Mild Substandard” or “Medium Substandard” rating as long as it is confirmed by a controlled blood sugar level.
Do you have a record of your laboratory tests in the past six months?
Blood sugar level that is not fluctuating for the last six months is a good sign of control. Consideration of the age of onset and other symptoms may get you a “Mild Substandard” or a “Medium Substandard” rating.
Do you have relevant diagnostic tests to show absence of complications?
If you have kidney, heart or eye examinations, or CT scan or MRI diagnostic results that will show normal findings, you have a good chance for a good rating.
If you don’t seem to fit into one of the ratings above, I recommend requesting life insurance quotes from “Standard” to “Severe Substandard” so you understand the range of possibilities.
Do you have lifestyle practices that may put a higher risk to your condition?
Do you have a highly stressful environment, absence of exercise or faulty eating habits? If yes, this may get you a higher rating, since all these contribute to uncontrolled blood sugar levels.
Do you have other medical conditions?
Other medical conditions such as kidney or heart problems may add to the progression of your diabetes, which may get you a higher health class. You may have difficulty qualifying for traditional coverage, but could be eligible for a graded death benefit policy.
If you are still unsure which rating class you fall under, we suggest getting a life insurance quote at multiple substandard ratings, so you can familiarize yourself with the range of substandard premiums.
How to Get a Quote
Using the Instant Life Insurance Quote form on the right, select the rating class that best suits you based on your answers to the questions above, as well as complete the amount and type of coverage needed.
An estimate will appear on the next page.
If we can help you with a quote or to apply for coverage, call us at 877-443-9467.
Overview of Diabetics
Diabetes also known as Diabetes Mellitus (DM) is from a group of metabolic conditions that have a common symptom of hyperglycemia (increased blood sugar). The most common of all types is the adult onset diabetes referred to as Diabetes type II or non-insulin dependent diabetes mellitus (NIDDM).
Common factors that cause Diabetes include genetics, lifestyle and environmental factors. These factors contribute to the abnormal insulin secretion that control the sugar levels for Diabetics.
Diabetes being a multisystem disorder presents various symptoms that are dependent on the disease progression. The classic symptoms, however, include polyuria (frequent urination), polyphagia (increased hunger), polydipsia (frequent thirst) and marked weight loss.
See out other articles on Hormonal Disorders and CLICK HERE!