Help protect your family’s future. Enter your zip code to get your free quote today!

Get Your Free Quote

Finding Affordable Life Insurance for Diabetics

It may be possible to find affordable life insurance even if you're diabetic. If you have diabetes, you should be prepared to answer some questions about your health, including any medications you're taking and other details about your diabetes treatment. You'll also need to decide whether you want term life insurance or whole (permanent) life insurance.

Life Insurance Options

Life insurance can be bought either as a permanent life insurance policy, covering your entire life, or a term life insurance policy, covering a given period of time. A term life insurance policy can cover a period as short as a year or as long as 30 years or more.

There are several different types of term life insurance policies, such as simplified issue, guaranteed issue and fully underwritten life insurance plans. 

Getting the Best Rates on Affordable Life Insurance

When you request life insurance policy quotes in order to find an affordable option, an insurance company may want to know more information about your health. For a fully underwritten policy, a medical exam may be necessary.

Questions you may be asked by a life insurance company could include:

  • Do you have Type 1 or Type 2 diabetes?
  • How old were you when you were diagnosed with diabetes?
  • What are your current blood sugar levels?
  • What medications are you taking, if any?

You may also be asked about other diabetes risk factors, such as any family history with diabetes, your diet and your level of physical activity. Depending on the type of life insurance policy, you may also be required to take a physical exam, which could include a drug test.

It's true that you may end up paying more for a life insurance policy than someone without diabetes, but it's going to depend on your overall health assessment. If your general health is good, you're more likely to find affordable life insurance options.

Guaranteed Issue Life Insurance

If you do not qualify for a fully underwritten life insurance policy, a guaranteed issue policy may help you get the coverage you need. Guaranteed issue life insurance policies are available to individuals, regardless of current or past health issues.**

Connect with a licensed term life insurance agent today by calling 800-966-7169.

 

----------
Sources:
WebMD: www.webmd.com/diabetes/type-2-diabetes-guide/type-2-diabetes
International Diabetes Federation: www.idf.org/about-diabetes/risk-factors

 

*Applications for insurance may be subject to acceptance by insurer. Rates and coverage amounts will depend upon the carrier selected.

**These plans may have a graded death benefit for an initial period of time.

Help protect your family’s future. Enter your zip code to get your free quote today!

Get Your Free Quote

Related Information

Affordable Life Insurance

Term life insurance is usually a more affordable option than a permanent or whole life policy. Find out more in this guide.

Read More

What Is Spouse Life Insurance?

Spouse life insurance is simply the act of taking out a life insurance policy on behalf of your spouse. Learn about your options.

Read More

Find Multiple Life Insurance Policies at Lifeinsurance.org

Life insurance companies do not prohibit you from having multiple life insurance policies, so you can have two or even more.

Read More

Term Life Insurance

Term life insurance is an affordable way to protect your family's finances. But don't sign up for a policy without reading this first.

Read More

Life Insurance Overview

How much do you know about your life insurance coverage? Test your knowledge with this life insurance overview.

Read More

General Life Insurance Questions

Answering these general questions about life insurance can help ensure you choose a policy that makes sense for you.

Read More

Making the Right Decision: The Minimum Age for Life Insurance

Looking for a life insurance policy? Here's what you need to know, including the minimum age for life insurance.

Read More

Do I Need Life Insurance?

If there are people who depend on you financially, it may be time to start thinking about buying life insurance.

Read More

Permanent Life Insurance

Two benefits of permanent life insurance is that it does not expire and it accrues cash value. Shop around to find the right policy for you.

Read More