Looking for the best life insurance policy can be a long and difficult process. There are dozens of different kinds of plans that you’ll need to consider and thousands of companies that offer quality insurance plans. Life insurance is the best way to ensure that your loved ones have the money that they need, even if something tragic were to happen to you.
When you apply for life insurance, the insurance company is going to look at dozens of different factors to determine how much of a risk you are to approve for life insurance coverage. The company’s goal is to offset their risk by charging higher premiums. They are looking to make more money off of the monthly charges than they will have to payout for the life insurance plan.
If you’ve been diagnosed with diabetes, you’ll pose a higher risk to the insurance company, which means that you’re going to pay much higher prices for your insurance protection. When you’re looking to get coverage, it’s important that you get the most affordable plan for your family.
Every insurance company is different, and all of them are going to give you different rates based on your diabetes and other related health. Each insurance company has different medical underwriting and different experience working with applicants with type 1 and type 2. There are thousands and thousands of people with diabetes that assume that they won’t be able to get affordable insurance coverage because of their pre-existing conditions, but that couldn’t be further from the truth. Regardless of your health or your diabetes diagnosis, there are ways that you can get excellent life insurance protection for your family.
Because there are so many companies on the market for you to choose from, you could spend weeks and weeks looking for the best plan for you. There are dozens of insurance companies that specialize in working with people with diabetes, and these companies are going to offer much better rates. Instead of wasting your time to call dozens and dozens of companies, let us do all of that work for you.
Best Life Insurance Companies For People With Diabetes
Every applicant is different, everyone is going to have different medical records, family histories, and needs for their life insurance, which means that every applicant could receive drastically different rates, but there are some companies that continue to offer better rates for most applicants with diabetes.
One of those companies is Banner Life. Banner life has years of experience offer quality life insurance coverage to applicants across the country. If you’re an applicant over the age of 50, and you have been diagnosed with diabetes then Banner Life is going to be an excellent option for you. They tend to give the lowest insurance premiums for any older applicant that has relatively well managed glucose levels.
Another great option for applicants with diabetes is American General Life. They tend to have favorable underwriting for people with diabetes. If you’re A1c levels are higher than they should be, or if you’re insulin-dependent, AIG is still going to give you affordable rates for your life insurance coverage. In fact, if you’ve got excellent A1c levels, you can expect to get average rates for your coverage that the majority of companies won’t offer to a person with diabetes.
Working With An Independent Insurance Agent
The best way to find the lowest rates for you is to work with an independent insurance broker. Unlike a traditional life insurance agent, independent brokers don’t only work with one single company. Instead, they represent dozens of highly rated companies across the nation, which means that they can bring all of the lowest premiums directly to you.
Because every insurance company is different, it’s vital that you get dozens of quotes before you decide which one is going to work best for you. Our agents know which companies are going to offer the best rates for your life insurance plan.
What To Know Before You Apply
Before you apply for life insurance coverage, there are a few factors that you’ll need to know. The first thing that you should decide is which kind of plan is going to meet your needs the best. The two main types of life insurance coverage for term and whole (there are dozens of other variations, but there are the most common) and each of them has different advantages and disadvantages that you’ll need to consider based on your specific preferences. If you’re looking for the most affordable type of life insurance coverage, a term insurance plan is going to be the best option for you.
The next thing that you’ll need to determine is how much life insurance your loved ones will need. When you’re calculating your life insurance needs, there are several categories that you need to account for. Not having enough life insurance is one of the worst mistakes that you can make. The first thing that you should look at is your debts and other final expenses. The first goal of your life insurance is to give your family members the money that they will need to pay off all of the bills they would be responsible for if you were to pass away.
The next number that you should look at is your annual income. The second goal of your life insurance is to replace your paycheck if something tragic were to happen to you. Your family would struggle without that money, but that’s where your life insurance comes in.
There are several decisions that you’ll need to make to ensure that you’re getting the perfect plan for your family, and our agents can help you make the best choices for your insurance companies. It’s our mission to connect you with the best plan at an affordable price.
Life Insurance With Diabetes
Getting life insurance is never easy, but especially if you’ve been diagnosed with diabetes, but we are here to make it as quick and simple as possible. Because you never know what’s going to happen tomorrow, you shouldn’t wait any longer to get the insurance protection that your loved ones deserve. Contact us today and we would be happy to get the insurance process started.