Friday, July 12, 2024

Can You Get Life Insurance With Type 2 Diabetes

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How Does Alcohol Affect The Diabetic Body

Getting Life Insurance with Diabetes
  • The alcohol goes from your stomach into your bloodstream.
  • The liver begins to break the alcohol down.
  • Alcohol builds up when you drink faster than your liver works. As your blood alcohol rises, your liver works harder.
  • If your blood sugar drops from extra activity like dancing or from lack of food, the pancreas makes a hormone called glucagon which triggers the liver to make more sugar. However, if the liver is too busy breaking down alcohol, it wont react to the glucagon.
  • Symptoms of low blood sugar look a lot like drunkenness you might not even notice that your blood sugar is low.
  • If your blood sugar drops too much, you can lose consciousness.

What Medication Are You Taking

As mentioned before, diabetes which is easily controllable with the help of proper exercise, diet and oral drugs, is considered to be a good sign. Insurers also prefer patients who are able to control their diabetes with the help of oral medication and pills over those who have to take insulin to keep it in check. However, depending on their medical condition besides diabetes, a person may or may not be approved for insurance.

Can People With Diabetes Get Life Insurance

The short answer is yes people who have diabetes can get life insurance coverage. However, the specifics of your diagnosis and condition will impact how much you pay. If your diabetes is well-controlled and you are otherwise healthy, your premium may not be that much higher than it would for someone without diabetes. The more severe your condition, the more you will pay for your coverage.

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How To Get The Best Cover

Before you get diabetes life insurance quotes, you need to decide what type of life insurance you want:

  • Level term: You get a fixed payout if you die during the term of the policy.

  • : You choose a payout, but it reduces each month until the end of the policy.

A decreasing term policy is usually cheaper than a level term policy because the payout drops through the term.

Life Insurance For Type 1 And Type 2 Diabetics

Can Diabetics Get Life Insurance? Find Out All You Need to ...

Life insurance for type 1 diabetics is available, but you may not get a decision at the point of sale, as we may ask for more information from your GP. This is because type 1 diabetes, where the bodys immune system attacks and destroys the cells that produce insulin, can have serious health consequences from a young age. The impact on individuals is significant, as treatment involves regular injections of insulin, or the use of a permanent insulin pump. You may still be able to get life insurance with type 1 diabetes, but you can expect to pay higher premiums.

In contrast, life insurance for type 2 diabetics is often more straightforward. About 90% of all adults with diabetes in the UK have type 2, where the body simply doesnt produce enough insulin, or the cells dont react to insulin. In this instance, treatment can involve a change of diet or medication to control the level of glucose, with insulin injections only necessary if the condition worsens over time. If you have type 2 diabetes with no additional complications, you may be able to at the point of sale.

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How Can I Reduce My Risk For Diabetes

You cant change your genes or your age, but you can control many risk factors for diabetes. Reducing or eliminating risk factors will lessen your chances of developing Type 2 diabetes. That will, in turn, reduce the chances you suffer from complications of diabetes such as stroke and heart disease.

The best way to reduce the affects diabetes can have on your health is by attacking your other risk factors:

  • If you fall within multiple risk factor categories, get your doctor to test your blood sugar levels. Dont put it off or ignore the possible problem.
  • Maintain a healthy weight, and lose weight if you need to.
  • Talk to a registered dietitian if you dont know enough about healthy eating. Your doctor can probably refer you to one.
  • Work closely with your healthcare provider to set and meet goals for your blood glucose. Always know what your target levels are.
  • Find out how to monitor your blood glucose and let your doctor know if you cannot manage it yourself.
  • Be physically active. Your doctor can help you design a program that will work for you.

Physical Activity And Diabetes

Engaging in regular physical activity is one of the best ways you can manage your diabetes and live well in spite of the disease. For people living with type 2 diabetes, regular exercise has special advantages. It can delay or even prevent type 2 diabetes from developing, and it helps manage your blood sugar levels. It also improves the bodys sensitivity to insulin. In fact, fitness level is one of the strongest mortality indicators in people with diabetes.

Physical activity is also a powerful tool it can work just as well as glucose-lowering medication, and without side effects. Along with weight management and healthy eating, regular physical activity can reduce the occurrence of Type 2 diabetes by 60 percent.

Physical activity that benefits diabetes sufferers doesnt have to be a major workout. Anything thats physical helps, including taking the stairs, cleaning the house, walking in the parking lot, gardening, walking the dog, and more. Both resistance and aerobic exercise are important for living with diabetes.

Aerobic exercise just means continuous movement that brings your breathing and heart rate up, like walking, running, or biking. Resistance exercise means weight-bearing or resistance using the bodys weight to build strength in the muscles, such as weightlifting or pushups. Obviously, some kinds of exercise offer both aerobic and resistance benefits.

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Can I Get Cheaper Premiums

Your premiums are likely to be higher if you have diabetes, but there are still steps you can take to keep costs down.

Generally, insurers will charge you lower premiums the healthier you are. So living an evidently healthy lifestyle can help as it makes you statistically less likely to make a claim on your policy.

A few of the small changes you might make to reduce the price of life insurance for diabetics could be:

  • Quitting smoking. Evidence suggests smoking makes type 2 diabetes harder to manage and a significantly deadlier condition. By giving up you would become less of a risk for your insurer, so your premiums should go down

  • Drinking less alcohol. Alcohol consumption is similarly linked to diabetes complications, so cutting down could help your health and your pocket.

  • Losing weight. Insurers charge diabetics with a high BMI more for cover. So fewer pounds on your scales should mean fewer pounds on your bills.

  • Aiming for healthy cholesterol and blood pressure. Good cardiovascular health will likely reassure insurers that you are on top of your condition.

It can also be valuable to keep your insurer updated on your condition for example by submitting regular readings of your Hba1c levels to show you have everything under control.

Is Hypertension Covered In Life Insurance

Insurance & Diabetes | Ask the Experts from Diabetes Canada

High blood pressure that is well controlled, usually around 140/80, its quite likely that you will be able to get life insurance at normal terms. If your blood pressure is higher than this, please dont worry. It doesnt necessarily mean that the cost of the life insurance has to get silly expensive.

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What Is The Best Life Insurance Company

The best life insurance company will depend on your specific rating factors, including your health, the type of policy you want, the coverage amount you are looking for and what optional riders you may want to add. Just like with home insurance and auto insurance, the best company is different for everyone. Getting quotes from several companies might help you find a carrier that fits your needs.

It is important to note that since life insurance companies can change their guidelines, the best company now might not be the best company in the future. Once you choose an insurance company, it may be important to re-shop down the road.

How To Get Life Insurance With Diabetes

Here are some of the main things to consider if youre looking for life insurance for your family and youve been diagnosed with diabetes. Its important that you pay the right price for diabetes insurance coverage so make sure you speak to an expert.

Getting the best cover at the lowest cost can be difficult if you dont know where to look so here are some tips to help you pay less.


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What Else To Consider

After choosing which type of life insurance you want, you need to decide:

  • What payout amount you want: The higher the payout you choose, the more expensive your premiums will be.

  • How long you want cover for: The longer the policy, the cheaper your premiums will be. Only choose a length of cover you need, e.g. the same length as your mortgage.

Get quotes for the cover you need and compare the cost of the premiums to find the best life insurance policy for diabetics.

Be Sure That You Are Properly Managing Your Diabetes And Your Overall Health

Can Diabetics Get Life Insurance? Find Out All You Need to ...

There are some factors you cant control when it comes to diabetes, and some that you can. The important thing is controlling what you can.

Insurance companies prefer providing life insurance policies for type two diabetics for whom the onset occurs after age 50, and without any complications related to the disease.

Those are factors you cant control, but the fact that either has happened to you doesnt mean that you wont be able to get life insurance.

At the same time, you need to control what you can.

Insurance companies will look at how well youre managing your diabetes, as indicated by factors such as your hbA1c level, your weight, and diet and exercise habits not only in deciding to approve your application, but also in determining your premiums.

Overall health is always a factor in insurance underwriting, but because you are a diabetic you have to be even more focused on your health.

In addition, it should go without saying that its always better to apply for life insurance before any complications set in.

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Diabetes Affects Life Insurance Cover

If you have diabetes, life insurance providers will usually see you as someone who is more likely to make a claim. However, not all diabetes sufferers are the same.

With the best life insurance for diabetics, your provider should consider the severity of your condition, how it is treated and your lifestyle. Your policy should therefore be more reflective of your personal circumstances.

Most people with diabetes who take out a life insurance policy will usually find that their premiums are tailored to reflect the level of risk they present for a life insurance provider.

The factors they consider will most likely include:

  • Your most recent HbA1c reading

  • The age at which you were diagnosed

  • The way your diabetes is medicated

  • Type of diabetes

  • Your height, weight and waist measurements

  • Whether you suffer from an diabetes-related complications

Any improvements in your condition may mean you are more likely to find good cover, even if you have been unable to find life insurance in the past. Specialist insurers may also be able to help you if you are struggling to find a suitable deal.

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Do You Have To Take A Medical Exam To Qualify For Coverage

In most cases, if you prefer to not complete a paramedical exam, you would have no medical exam life insurance options. To determine what options you would have, you simply need to speak with us, and share with us the particulars to your type 2 diabetes history.

To qualify for a no medical exam policy, youll have to answer basic health history questions, and details to your type 2 diabetes. In addition to the information you provide on the application, companies will do a prescription drug background report. All information gathered will determine your eligibility.

+ See An Endocrinologist

From Type 2 To Diabetes-Free: How Did She Do It???

Not everyone sees an endocrinologist, but studies have shown that individuals who do, tend to have better control of their Diabetes, and overall health. Life insurance companies have picked up on this. As a matter of fact, we know a couple of select companies, who will provide discounted rates, for Type 2 Diabetics who have a great overall health profile, and see an Endocrinologist 3-4 times annually.

Another recommendation is to apply for life insurance, shortly after seeing your medical professional. Like most Type 2 diabetics, after your Doctor appointment, youll receive results from your blood work. You now have a great idea, as to where you vital levels are at. If they are favorable, it may be a great time to begin applying for coverage. That way, there wont be any surprises when it comes to the blood and urine test.

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Life Insurance For Type 2 Diabetics

Type 2 diabetes is considered lower risk by life insurance companies, particularly if you’re able to manage it with lifestyle adjustments or oral medication and have had no complications. Since it is often diagnosed in adulthood, you’re more likely to be viewed favorably by insurers. So long as you’re otherwise healthy and haven’t had complications, having Type 2 diabetes shouldn’t prevent you from getting a policy, although it will affect your life insurance rating and increase how much you pay.

Taking Into Account The Whole Person

John Hancocks been insuring people living with diabetes for decades. Weve seen first-hand how the advances in medical technology and resources are impacting their long-term health. With our extensive experience and medical expertise, our team is able to take a progressive approach to underwriting when it comes to people living with diabetes. Our underwriters consider all that an individual is doing and the lifestyle choices theyre making to live a longer, healthier life. We also understand that type 1 and type 2 diabetes are different conditions with unique challenges.

At John Hancock, we dont just see a person with diabetes. We see someone trying to live their best life. We know diabetes does not define you and we want you to know it does not have to stand in your way of quality life insurance.

Connect with one of our Aspire agents today to learn more about John Hancock Aspire and start the application process.

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What Treatment Are You Undergoing

When it comes to applying for life insurance as a diabetes patient, the treatment you are taking may not have much of an impact on your chances of getting a policy. If your diabetes is easily controllable with the help of a controlled diet and exercise, or with the help of oral drugs and not insulin, it is a good sign, which insurers may take favourably. What really matters to an insurer is whether or not the treatment youre taking is giving results.

Is There Any Type Of Specialized Life Insurance For Diabetics

Type 2 Diabetes Quotes. QuotesGram

Most life insurance companies will sell policies to people with diabetes. Still, premiums and coverage levels may depend on the answers to your application questions and your medical exam results. If your condition is advanced, you may want to consider policies that do not require a medical exam or guaranteed issue policies.

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I Do Not Have Medical Aid Will This Affect My Policy Application

No. We do not require you to be on a medical aid scheme. A medical aid scheme may pay for your blood tests and other medical expenses. Not having a medical aid may result in you having to cover the costs of all blood tests and medication yourself, or needing to access treatment through public health facilities.

Do I Need To Disclose My Diabetes

Yes, when you apply for life insurance youll need to tell us if you have ever been diagnosed with diabetes, regardless of how long ago it was. Here is a checklist for the information youll need to disclose

  • When you were diagnosed, and the date of your last diabetic review.
  • Whether your treatment includes insulin injections or an insulin pump.
  • Details of any hospital admissions, excluding regular diabetic clinic appointments.
  • Results of your latest HbA1c test, which indicates the blood glucose levels within red blood cells.
  • Any additional complications such as kidney and eye problems, abnormal urine test results, and any symptoms such as numbness, tingling, or loss of sensation in fingers, toes or feet.

Remember, failure to answer questions truthfully and accurately could invalidate any future claim and result in your policy being cancelled.

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Adult Onset Type 2 Diabetes

Diabetes signifies your blood glucose or blood sugar levels are too high. With type 2 diabetes, the more common type, your body doesnt make or use insulin well.

Insulin is a hormone that helps glucose get into your cells to provide them more energy.

Over the years, high blood sugar may lead to severe issues with your heart, eyes, kidneys, nerves gums, and teeth.

In fact, this can lead you to have pre-existing medical conditions later on in life.

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