When you’re applying for life insurance coverage, it can be a stressful event. Finding the perfect plan can be a long and complicated process, but it doesn’t have to be. It’s important that you know all of the questions that the insurance company is going to ask when you’re trying to get coverage.
Life insurance is the best safety net that you can ever buy. There are thousands of diabeticss that assume that they can’t be approved for affordable life insurance coverage with diabetes, but in most cases that couldn’t be further from the truth.
The Application Process
Before the company approves your application, there are several different stages that you’ll have to go through. The first stage is the health questionnaire, where the company is going to ask you a long series of questions regarding your health and your family history. There are going to be dozens of questions about a variety of different health conditions and complications that you may have faced in the past. Obviously, this is where they are going to ask you several questions about your diabetes diagnosis.
The first question that they are going to ask is when you were diagnosed with the condition. The longer that you’ve been diagnosed, the more risk that you are to the insurance company. If you’ve recently been diagnosed, you have a much better chance of getting affordable coverage.
The next question that they are going to ask is what treatments or medications that you use to manage your glucose levels. If you have type 2 diabetes that has glucose levels managed safely through a healthy diet and exercise, then you can expect to get much better premiums for your life insurance protection. On the other hand, if you’re reliant on several types of treatments or insulin to manage your diabetes, you’re going to face higher fees for your insurance coverage.
They insurance company will also ask about your A1c levels, which is a reflection of how controlled your condition is. The better your levels, the less risk you are to have diabetes-related complications later in life. If you want to save hundreds of dollars every year on your life insurance, you’ll need to get your A1c levels down. Every insurance company has different classifications for how they are going to rate your A1c levels.
After the questionnaire, the insurance company is going to require that you take a medical exam. During the medical exam, the company is going to take your weight, your blood pressure, your heart rate, and they are also going to take a blood sample and a urine sample.
Getting Affordable Life Insurance With Diabetes
If you’ve been diagnosed with diabetes, you’re going to have higher monthly premiums, but that doesn’t mean that your plan has to break your bank every month. Making a few simple changes could help you save hundreds or even thousands of dollars on your life insurance coverage.
Sticking to a healthy diet and getting regular exercise is an excellent way to improve your overall health, which is going to translate into better premiums from the insurance company. As a diabetic, the insurance company is going to be extremely concerned with how well you control your glucose levels, and diet and exercise is one way that you can do that without using medications.
Another way to ensure that you’re getting better results from the medical exam is to eliminate any tobacco that you currently use. If you’re listed as a smoker on your life insurance application, you can expect to pay much higher premiums versus people that don’t use tobacco. In fact, smokers are going to pay twice as much for their life insurance versus what a non-smoker is going to pay for the same amount of coverage.
Working With An Independent Insurance Broker
The best way to ensure that you’re getting the lowest premiums is to compare dozens of quotes before deciding which one is going to work best for you. Every insurance company is going to different medical underwriting to calculate your life insurance premiums, which means that you could get drastically different rates depending on which company that you get the quote from.
There are thousands and thousands of insurance companies on the market, which means that you could spend weeks looking for the best plan to meet your needs. Instead of wasting your time calling all of the companies yourself, let one of our independent insurance brokers do all of the work for you. Our agents have years of experience working with applicants with diabetes, and we know which companies are going to give you the best rates based on your application.
Life Insurance With Diabetes
You never know what’s going to happen tomorrow, which means that you should always plan for the worst. If something tragic were to happen to you, you could be left with a massive amount of debt and final expenses. That’s one of the worst mistakes that you could ever make for your loved ones. Losing a family member is never easy, but being left with a mountain of debt is going to make the situation a thousand times worse.
If you have any questions about getting life with diabetes or about getting the lowest premiums available, please contact one of our agents today. We would be happy to answer those questions and ensure that you’re getting the lowest rates. We know that nobody wants to think about his or her own death, but it’s important that you make the plans that your family will need.