Life Insurance For Diabetics
While it is true that people with diabetes might find it difficult to buy life insurance coverage at a reasonable price, it is far from impossible. There are a number of very competitive carriers that would be happy to cover your life insurance needs and they can often do it at standard rates. This means that if you are a diabetic, you might just be able to find the coverage you are looking for without breaking the bank!
Three Important Factors for Diabetics Considering Life Insurance
The most important factor is your Hemoglobin A1C level (HbA1C or just A1C level for short). According to WebMD, a normal range for your A1C level is somewhere between 4.0% and 5.6%. If your A1C level is between 5.7% and 6.4% you are at an increased risk of diabetes. A1C levels of 6.5% and above indicate diabetes.
For diabetics, in order to get the best rates possible, your A1C level should be less than 7.0%. It is a fact that many of the top-rated life insurance carriers will issue policies at standard or better rates if your A1C level is 7.0% or less and you have no other health issues. If your A1C level is about 9.0% or so, you will have a difficult time getting a policy, and if you do, it will likely be "rated" which means that you will pay higher-than-standard rates. We do know of some companies that will issue policies to those with an HbA1C level as high as 10.0%, but that assumes that you are otherwise healthy and haven't had any complications as a result of your diabetes. If you diabetes has led to blindness, kidney problems, neuropathy, nephropathy, or retinopathy you will face a challenge obtaining coverage.
The second major consideration in obtaining life insurance coverage as a diabetic is the age at which your were first diagnosed with the disease and the length of time you have had it. As far as the insurance underwriters are concerned, the older you are when you were diagnosed, the less it will affect your insurability and your rates.
Finally, your build is going to factor in very prominently as a diabetic. Height and weight are always a consideration when determining your rate classification, but as a person with diabetes it matters even more. In particular, being overweight can create a problem for you when trying to get life insurance as a diabetic. The rationale here is that being overweight is a big contributing factor to Type 2 diabetes. Maintaining a healthy weight helps you to maintain better blood sugar levels.
It's also worth mentioning again that your overall health, outside of your diabetes, matters. Maintaining good health indicators like low cholesterol and normal blood pressure will increase you chances of getting the best rates possible.
Coverage is Available for Diabetics
Whether you are a type 1 diabetic, diagnosed as a child, or a type 2 diabetic diagnosed as an adult, there are life insurance carriers that will be a good fit for your needs. The key to obtaining coverage is to match your specific condition to the many carriers that we work with so that we can find the one that will make you the best offer. Some life insurance companies are better for type 1 diabetics, some are better for type 2 diabetics. Some are best suited for those that are insulin dependent, while other are better for those controlling their diabetes with oral medications.
Our job is to help you find the best coverage at the best price. As an independent life insurance brokerage, we shop the entire market of carriers, so we have access to the right carriers for you, no matter what your need it.
For a free non-obligation quote, please call us at (877) 883-3561 and speak with an agent. We can gather a bit of information about your situation and begin the process of helping you find the life insurance policy that is right for you.