Diabetic? Yes, you can get life insurance

If you know the difference between the two types of diabetes, and if you know your blood sugar level and your most recent hemoglobin A1c level, then chances are you think you can’t get life insurance. Or perhaps you think you can, but it will be prohibitively expensive.

You are correct that diabetes is a serious health condition. It is the seventh leading cause of death in the U.S. and is often a contributing factor to heart disease, stroke, and a variety of other health problems.

But on the other hand, diabetics are simply too large a segment of the population for the insurance industry to ignore. According to the American Diabetes Association, nearly 8% of the population has diabetes, including 23% of all people age 60 or older.

As a result, yes, you can get insurance if you are a diabetic, and yes, it can be quite affordable. What insurers are looking for when they consider your application is a history of good control. The insurer will order copies of your doctor’s records and will look through the blood tests that have been taken from time to time over a period of years. If the blood sugar and A1c levels show consistent good control, and if you are not suffering from any of the secondary symptoms which indicate the advanced stages of diabetes, you can actually qualify for a standard rate from some insurance companies.

If you have diabetes, it is very advantageous for you to work with us because we are an independent insurance agency. What that means for you is that we can shop among many carriers, not just one, to find you the company that will give you a standard rate. If you attempt to buy a life insurance policy from an agent who cannot do this, chances are you will overpay or may even be declined, depending upon the way that agent’s carrier views diabetes.

So give us a call. We would love to help obtain life insurance at the best possible price.


Posted in