Can You Get Life Insurance if you Have Diabetes?

Getting life insurance for diabetics can be tricky. Most individuals with diabetes can get coverage; however, you will have to be able to show you have controlled A1C levels, no history of diabetic coma or insulin shock. The type of diabetes, type 1 or type 2, will influence the ability to get covered as well. A diabetic is considered a High Risk applicant, buying life insurance for someone with diabetes is a complex, often misleading and almost always frustrating effort if you have an agent who does not know the carriers underwriting guidelines.

The good news is this: We understands the seriousness of this condition – we advise clients who have diabetes – and we have the independence and proven ability to identify the best life insurance rates for a man or woman fighting this disease.

We also know that, based on reports published by the Centers for Disease Control and Prevention (CDC), more than 29 million Americans have diabetes (Type I or Type II). Approximately 12 million of those individuals are 65 or older. Disease-related complications include blindness, amputation (of the feet or legs), heart attack, stroke or death.

Local Life Agents is your guide for buying life insurance if you have diabetes because we take the time to review your medical history – we search for any favorable factors that can reduce the price you will pay for life insurance – so you can have the coverage you want, and the protection your loved ones deserve.

Still, many life insurance companies deny coverage to applicants with diabetes because these people have one or more of the following complications: High blood pressure, high cholesterol and obesity – in addition to frequent tobacco use.

Underwriting Guidelines

Preparation is essential when trying to secure life insurance for people with diabetes.

Among those applicants who have their blood sugar levels under control, either as a result of sound nutrition or oral medication, and among those individuals, aged 50 and over, who are newly diagnosed as diabetic, there is a good chance that these men and woman can qualify for affordable life insurance with standard rates.

This process is simple: The healthier you are, and with blood sugar levels under 100 (or A1C numbers under 7), the more likely you will qualify for a STANDARD life insurance rates.

Bear in mind, too, when getting life insurance there are a number of insurance companies that accept applicants with Type 1 or Type 2 without requiring these individuals to undergo a medical exam. Since Local Life Agents wants to find you the most affordable and comprehensive coverage, your answers to the following questions are critical:

  • What type do you have (Type 1 or Type 2)?
  • How old were you when first diagnosed with diabetes?
  • What are your current glucose/hemoglobin levels?
  • What types of medications and dosages were prescribed to you?
  • What is your current height and weight?
  • Are there any other health risks such as high blood pressure, cholesterol, etc?

Possible Outcome and Cost

Type 1

Best case: Table rating 3-4
Typical case: Table rating 5-8
Worst case: Decline (complications, poor or A1C levels not controlled)

Type 2

Best case: Standard
Typical case: Table 2-4
Worst case: Decline (complications, poor or A1c Levels not controlled)

Type 1 Diabetics:

It is hard to get life insurance for a type 1 diabetic. Type 1 cannot be controlled without insulin injections. Securing a policy while taking insulin can be tough. But if your diabetes is well maintained, your chances of approval are greater.

However, you will most likely have a substandard rating, which simply means your monthly cost will be a tad more than the average applicant. For example, a $500,000 20 year term policy could cost about $40 for a standard rated 40 year old male while a customer with type 1 diabetes can expect to pay 125-200% more per month for a similar policy.

Type 2 Diabetics:

Type 2 is often linked to excess body weight and is usually treated with a prescription pill such as metformin. You have a better chance at obtaining affordable rates with Type 2 if your A1C levels are stable, there are no complications and you are regularly monitored by your physician.

It is important to keep in mind that assessment of risk is not consistent across all life insurance companies. A high rating from one company doesn’t mean any hope for insurance. Remember, there are many companies that specialize in understanding your certain condition. It’s a matter of shopping around with the right life insurance agent.

Gestational Diabetics:

Gestational is a temporary form of diabetes in women during pregnancy, and can sometimes turn permanent as a type 2 diabetes. You can easily get life insurance with Gestational diabetes at the best rates as long as there are no signs of this condition post pregnancy.

Get a Quote

Local Life Agents specializes in diabetics life insurance – so we can find the best life insurance coverage for that person. Thanks to our exclusive Quote Engine, which enables us to search among more than 40 insurance companies nationwide, we streamline an otherwise slow and overly complicated process.

Our freedom is your greatest asset because, when working with an independent life insurance agent, you will have an experienced professional at your side. You will have Local Life Agents reviewing a multitude of life insurance carriers, in an effort to identify the right company – for the right coverage, at the right rates – for people with diabetes.

Local Life Agents gives you options, plural, to choose a life insurance policy you are eligible to buy, despite your struggles with diabetes. We are here to answer your questions, prepare your application and give you the peace of mind you deserve. Respectful and resourceful, Local Life Agents is your trusted means for buying life insurance, period.