When you’re looking to get life insurance, the insurance company is going to look at dozens of different factors when they are deciding how much to charge you for coverage. The most important factor that they would look at is your health. Before the company approves you for coverage, they are going to get a look at your overall health.
There are thousands of people with diabetes that assume that they will be declined for diabetes life insurance because of their pre-existing condition, but in most cases, that couldn’t be further from the truth. As an applicant with diabetes, you can expect to pay much higher premiums, but that doesn’t mean that you can’t get affordable life insurance coverage. It’s important that you get the best plan to meet your needs and get your coverage at an affordable price.
Life Insurance And The Medical Exam
For the insurance company approves your application for coverage, they are going to require that you take a medical exam to determine what your overall health is, and they are going to use that to calculate your risk for life insurance. The higher risk that you are, the more that you’re going to pay for life insurance, and if you’re too big of a risk, then you’ll be declined for life insurance. As a person with diabetes, you’ll be considered a high-risk applicant, but there are several things that you can do to decrease your risk and you thousands of dollars on your life insurance plan.
If you want to reduce your chances of being declined for life insurance, there are several lifestyle changes that you’ll need to make. Making a few simple changes could help drastically improve your chances of getting an affordable life insurance plan. The first thing that you should do is start a healthy diet and cut out the junk food. Those sweets and other junk foods are going to raise your cholesterol, make your gain weight, and cause your blood sugar levels to go crazy.
The next thing that you should do is start getting regular exercise. Hitting the gym is an excellent way to stabilize your glucose levels, help you lose any extra weight, lower your blood pressure, and reduce your risk of being diagnosed with other health complications later in life. It’s time that you start lacing up those running shoes, it could help save you money on your insurance protection.
One of the worst things that you can do when applying for life insurance is smoke cigarettes. If you’re listed as a smoker on your application, it’s going to make you a much greater risk to the insurance company. Coupled with your diabetes diagnosis, there is a chance that you’ll be denied insurance coverage. It’s important that you kick the bad habit before you apply for life insurance. Smokers are going to pay twice as much for life insurance versus what a non-smoker is going to pay for the same amount of coverage.
Working With An Independent Insurance Agent
The best way to guarantee that you get approved for an excellent life insurance policy is to work with an independent insurance broker. Unlike a traditional insurance agent, independent agents work with dozens of highly rated companies across the nation. Every insurance company is different, which means that you could get drastically different rates depending on which company that you get the quote from. Instead of wasting your time calling all of the companies yourself, let our agents do all of the work for you.
Because every insurance company is different, some companies have much more experience working with applicants with diabetics, which means we know which companies are going to give you the best plan to meet your needs. Some insurance companies are going to give you much higher rates, regardless of how well managed your diabetes is, but other companies are going to give you lower premiums if you’re controlling your condition.
Calculating Life Insurance Needs
Before you apply for life insurance, it’s important that you calculate what your life insurance to ensure that your family has the money that they need. When you’re deciding how much coverage to buy, there are several different factors that you should calculate.
The first thing that you should look at is your debts and other final bills that your loved ones would be responsible for if you were to pass away. If something tragic were to happen to you, your loved ones would be stuck with a mountain of debt, which can make an already difficult situation a thousand times worse.
The next number that you should calculate is your annual income. If you’re one of the primary income earners in your home, your family will lose your paycheck, which can leave them without the money that they need. A life insurance plan will give them the money that they need to replace your salary without sacrificing their standard of living.
Life Insurance With Diabetes
Not only can we help you get the lowest premiums for your coverage, but we can also answer any questions that you have about your risk for life insurance as an applicant with diabetes. If you have any questions about getting affordable coverage or about some of the different options available to you, please contact one of our agents today. We would love to answer those questions and connect you with the perfect plan to meet your needs.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the life insurance plan that your family deserves. If something tragic were to happen to you, and you didn’t have life insurance coverage, your family would be left with a massive amount of debt and other expenses.