Diabetes Life Insurance (February 2017) – New products and lower premiums! The Insurance Surgery is one of the leading life insurance specialists for people with
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.