Life insurance for Diabetes is one of the most varied conditions for life insurance underwriters due to the complex nature of the condition and range of severity. Type 1 and Type 2 Diabetes are both eligible for life insurance and can be obtained at very reasonable premiums by approaching the best providers for Diabetes life insurance.
Underwriting for Type 1 Diabetes life insurance will depend on a number of factors to assess the levels of risk and severity of the condition. In most cases a full medical report would be required from your GP to confirm your readings and history of Diabetes. Whereas underwriting for Type 2 Diabetes is slightly different as it is less likely to need a full medical report if your diabetes is under control and can therefore be underwritten online.
Main information required includes:
- Latest Hba1c/Mmol reading
- Medication (e.g. Diet, tablets or Insulin)
- Cholesterol readings
- Blood pressure readings
- Date of diagnosis
- Diabetes complications (e.g. Retinopathy, Neuropathy or Nephropathy)
Diabetes life insurance rates/premiums will depend on your levels of control and how well you manage your condition. There are a number of additional factors which may cause underwriters from certain insurance providers to decline your Diabetes life insurance application, such as:
- Heart problems
- High Hba1c readings (e.g. 10+)
- Other medical issues
Type 1 Diabetes life insurance is readily available through most leading UK life insurance providers. Most people with Type 1 Diabetes looking for life insurance will have been diagnosed early in life which is also useful for underwriters. Typically, the ratings/loadings for Type 1 Diabetes life insurance will vary dramatically so it is vitally important to approach the best insurance provider for your individual circumstances.
Type 2 Diabetes life insurance is also usually available for the vast majority of people living with the condition. There will usually be a small loading applied to the premium for people with Type 2 Diabetes looking for life insurance, however this can increase to a decline if the condition is not well controlled. Due to the fact that Type 2 Diabetes is a lifestyle condition and life insurance underwriting takes into consideration factors such as height, weight, dress or waist size, life insurance premiums will vary depending on your health and lifestyle.