Yes, many people with diabetes can qualify for life insurance. For people with well-managed conditions who are generally healthy, it’s even possible to find affordable life insurance for diabetics.
Can you be denied life insurance due to diabetes?
However, many medical conditions, including diabetes, do not automatically disqualify a person for insurance coverage. In most cases, people with diabetes can still get life insurance; they may have to pay more than a person without a preexisting condition.
Can diabetics get life cover?
Yes, most insurers offer life insurance for people with diabetes. If you’ve been diagnosed with Type 1 or Type 2 diabetes, you should tell the insurer during the application. They’ll use this information to help calculate your quote. People with diabetes often pay more for life insurance.
Can you get life insurance with diabetes and high blood pressure?
A blood glucose level below 135 is typically considered good, but you can often get coverage if your level is higher but controlled. High blood pressure issues will raise your life insurance rates.
What medical conditions prevent you from getting life insurance?
Generally, the younger and healthier you are, the lower your rates will be, while certain pre-existing medical conditions — including high blood pressure, high cholesterol, obesity, and depression — are likely to raise the price of premiums and if severe enough, can disqualify you from getting coverage altogether.
What is the best insurance for diabetics?
The 7 Best Life Insurance Companies for Diabetics of 2022
- Best Overall: John Hancock’s Aspire.
- Best for Complicated Medical History: Prudential.
- Best for Term Policies: AIG.
- Best Affordable Option: Pacific Life.
- Best for Qualifying Easily: Brighthouse Financial.
- Best for Type 2: Protective.
- Best for Type 1: Mutual of Omaha.
Why is life insurance so expensive for diabetics?
Life insurance is more expensive because insurers believe that diabetes poses an added health risk, and increases the chances of a claim being made on your policy.
Can Type 2 diabetes get critical illness cover?
Critical illness cover for diabetes
Critical illness cover for people type 2 diabetes can be assessed among those who are: Non-smokers. Have good HbA1c levels. No diabetes complications.
Do I need to tell my insurance company I have diabetes?
Anyone with diabetes should inform their insurance company that they have diabetes and of any change in either your condition or treatment.
Can Type 1 diabetics get critical illness cover?
Unfortunately, as mentioned before, Type 1 Diabetes critical illness cover is not available through any insurance provider, this is due to the fact that Type 1 Diabetics are more susceptible to other medical issues and are therefore too high-risk to be covered.
What is the life expectancy of someone with type 1 diabetes?
The investigators found that men with type 1 diabetes had an average life expectancy of about 66 years, compared with 77 years among men without it. Women with type 1 diabetes had an average life expectancy of about 68 years, compared with 81 years for those without the disease, the study found.
Can I be denied life insurance because of a pre-existing condition?
Health insurers can no longer charge more or deny coverage to you or your child because of a pre-existing health condition like asthma, diabetes, or cancer. … Once you have insurance, they can’t refuse to cover treatment for your pre-existing condition.
Can you get life insurance if you have bad health?
That being said, it is difficult, if not impossible, to qualify for life insurance if you’re in poor health or have been diagnosed with a terminal illness. Heart disease, cancer, diabetes and many other diseases or conditions that typically arise later in life can make someone uninsurable.
Can you get life insurance with medical problems?
While having a medical issue doesn’t automatically disqualify you from buying life insurance, it may result in less choice and higher premiums.