Diabetic? Understanding Life Insurance

Life insurance provides financial security for your loved ones after your passing. If you have diabetes, securing the right policy is crucial. Here’s what you need to know:

• Eligibility and Disclosure: Yes, you can get life insurance if you have diabetes. Be transparent about your condition during the application process. Insurers consider factors like diabetes type, management, and overall health.
• Types of Diabetes: Whether you have Type 1 or Type 2 diabetes matters. Well-controlled Type 2 diabetes may lead to lower premiums, while poorly managed Type 1 diabetes could increase costs.
• Duration and Complications: The longer you’ve had diabetes and any related complications impact rates. Serious complications raise risk and premiums.
• Lifestyle Choices: Healthy habits—exercise, balanced diet, and no smoking—can reduce insurance expenses

Navigating the Process

1. Use Future Cover – we have found a number of policies for our clients who have diabetes.  Given our experience we know we can connect you with insurers making it more likely to accommodate your needs.
2. Type 1 Diabetes: We will work with you to prepare a full medical report from your GP highlighting any complications related to diabetes.
3. Type 2 Diabetes: If well-managed, you might not need a full medical report. Immediate acceptance is possible.
4. High HbA1c: A high HbA1c (average blood glucose levels) may make it harder to secure insurance.

Conclusion

Remember, life insurance is within reach for people with diabetes.  By using our contacts within the life insurance industry, disclosing all relevant health information, and finding the best terms for your situation to provide your loved ones financial protection, regardless of your health condition.