Life Insurance For Diabetics Type 1 And Type 2

Affordable life insurance for diabetics-According to a report by the American Diabetes Association, 1.4 million Americans are diagnosed with diabetes each year.1 Diabetes can be a serious illness. While you may have impaired your ability to qualify for life insurance, the diagnosis should not make it impossible to get affordable coverage. In this article, we will look at information on life insurance for diabetics, such as the key factors that can determine the total cost of the insurance and your premium.
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A key factor in affordable life insurance for diabetes
Not everyone who suffers from diabetes receives coverage or pays a high life insurance premium. Just like any other health problem, a life insurance policy, if you have diabetes, gets the various factors that the insurance officer considers when considering your coverage, depending on how serious your condition is and how well you manage it.

Some examples of factors to consider when applying for a life insurance policy as a diabetic:

Are you insulin dependent?

Many people are able to control their blood sugar levels through a combination of careful planning and exercise. Diabetics who are not dependent on insulin can pay fewer premiums than those who suffer from insulin.
READ: WebMD Diabetes Magazine
Is your blood sugar well controlled?

You may find it easier to get coverage if you can prove that your blood sugar is under control. As part of your life insurance test, laboratory tests are performed on your blood sample, typically including glucose measurements. These results, along with your medical records, are taken into account to determine the level of control of your diabetes.

How long have you been diagnosed?

Believe it or not, someone who has been suffering from diabetes for several years can be considered a less risky factor than someone who has been newly diagnosed. Living with diabetes for years could show that you have learned to deal with and control your illness.

Are you smoking?

Being a smoker is not good for your health and generally, means that you will pay more for life insurance. However, the price you pay for coverage is likely to be even higher if you are a smoker and diabetic just because you are at greater risk for many serious health problems.

What kind of life insurance do you want?

There are many types of life insurance products because everyone has different needs. If you are diabetic, it is a good thing to have different options. For example, a simplified or guaranteed exhibition policy is often used to cover individuals with pre-existing conditions and certain illnesses. However, a simplified or guaranteed problem policy is two options to get the coverage you need if you have diabetes.

Simply put, having diabetes should not prevent you from getting life insurance. If you have any questions about life insurance and need answers, our experienced representatives will assist you.
READ: Donate Diabetic Supplies

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