Taking out life insurance with
Type 1 diabetes
If you are living with Type 1 diabetes you might worry that it could be complicated trying to take out a life insurance plan.
Thankfully, life insurance with diabetes is fairly straightforward. Insurers are used to dealing with applications from people affected by diabetes, so there are plenty of life insurance companies to choose from.
But finding out which company is right for you needs specialist support and expertise.
Luckily for you, that’s where we can help!
Helping you find the best life insurance cover for Type 1 diabetes
Right now, there are over 4.3 million people in the UK living with diabetes (source: Diabetes UK), of which 8% are believed to be living with Type 1 diabetes.
You might be worried that life insurance providers will be reluctant to offer insurance plans to those with Type 1 diabetes. It’s a logical thought process; after all, “the NHS spends at least £10 billion a year on diabetes, which is about 10% of its entire budget.”
But the good news is that your diabetes diagnosis should not hold you back.
There’s no special life insurance for diabetes plans that you need to search for. Instead, you’ll likely be covered under most standard plans. The only difference is that your life insurance provider may ask you for some specific information to help them assess your level of risk and provide you with an affordable monthly premium.
The even better news is that our experienced team know exactly who to call if you’re searching for a Type 1 diabetes life plan.
We’ve spent decades matching people like you to the right insurance provider, and we love knowing that we’re playing a small role in keeping your family financially safe, no matter what happens.
Why choose The Insurance Surgery?
- Voted Best life and protection broker 2022
- Rated 5* on Trustpilot and Feefo
- Access to high street and independent insurers
- 20 years’ experience
- Price match promise
How do we find the right cover?
Our diabetes experts will find suitable quotes from both big-name and smaller insurers. Once we’ve talked about your life insurance needs and you’ve told us how your Type 1 diabetes affects you day-to-day, we’ll quickly get back to you with the best life insurance quote. One that takes your diabetes into account and protects you and your family when you file a claim.
We can match you to the right insurance firm because we take the time to get to know you.
We understand that diabetes is a complicated disease that can be easily managed. But we also know that not everyone has the same experience with it – particularly if you’ve only recently been diagnosed with Type 1 diabetes. That’s why we pay close attention when we talk. We’ll ask you a few simple questions about your diabetes before we talk to our network of insurance providers.
When you first call us, we’ll ask you a few simple questions.
- What kind of diabetes do you have
- How long you’ve had it
- How you keep your blood sugar levels under control
- Do you have any other health problems
We will also talk about what kind of life insurance you might need.
We don’t expect you to know what you’re looking for immediately. That’s why we promise to take the time to explain the differences between term policies, whole-life plans and critical illness insurance.
By explaining all of your options in plain English, you’ll feel much more confident in knowing that your Type 1 diabetes life plan is protecting you in the way that it should.
Let us do the hard work in searching for diabetic life insurance
Finding a life insurance plan is hard enough, let alone when you have a complicated medical condition such as Type 1 diabetes.
Where do you start? Should you head to a comparison website like Go Compare or Money Supermarket? Or should you search specifically for a Type 1 Diabetes life insurance provider?
Both are viable options – but we know how easy it can be to become overwhelmed by all of the search criteria, especially if you’re not 100% sure what you’re looking for.
But with our help, we promise we can lighten the load and do all of the hard work for you.
We’ll explain how diabetes can affect life insurance, including:
- How to choose the right insurance for your family
- Whether your Type 1 diabetes could impact your premiums, and if there are any other ways of lowering your costs
- How to know how much cover you need, and how any eventual payout could be used to protect your family.
After we talk about your life insurance options and you’ve told us everything we need to know, we get right to work. We won’t recommend any diabetic life insurance policies that aren’t perfect for you.
We promise we will focus on matching you to an insurance provider who will give you the protection you need at the best possible price.
How does Type 1 diabetes affect life insurance?
Diabetes may affect your life insurance, but not in the way that you might think.
You won’t need a particular diabetic life plan.
Instead, your Type 1 diabetes will be treated like any other health condition.
Insurers will be looking to know how you manage your diabetes and whether it has any impact on you day-to-day. They’ll want to know when you were diagnosed, how you manage your blood sugar levels and whether you’ve needed any additional treatment in the past.
That’s why we’ll likely ask you questions about the following:
- Recent Hba1c reading
- How you control your diabetes
- Medication levels (Insulin)
- Date/age at diagnosis
- Any other medical complications
For most people, if your Type 1 diabetes is well managed and you have no other medical complications associated with your diabetes, you should be able to get standard life insurance cover and income protection.
What about if I have other complications, such as high blood pressure?
When you have other complications, such as high blood pressure, eye problems or nerve issues, it can be slightly harder to find a suitable life plan.
But harder doesn’t mean impossible.
Nor does it mean that any life insurance plan becomes prohibitively expensive.
One of the reasons why we are known as Type 1 diabetes insurance specialists is because we focus on positive solutions.
You’ll never hear us say “computer says no”.
That’s because we know who to talk to when people tell us that they have a complicated medical history. We work hard to get as much information as possible from you so we can give an underwriter an accurate assessment of you and your health. It’s this personal approach which is why up to 70% of people who are declined for life insurance elsewhere are accepted by us.
That sounds like good odds to us!
So why not get started by pre-booking a call with one of our advisors? We can talk at a time that suits you – and you can take as much time as you need to find out what you need to know about a Type 1 diabetes insurance plan.