Factors to think about for Diabetes Insurance
There are almost 25 million people in the United States, who have diabetes. If you have diabetes, you need to know about diabetes insurance underwriting. Here are 3 underwriting tips to keep in mind to help you choose the best term life insurance company for you.
Tips for getting diabetes insurance
1) Make sure your A1C reading is with what your doctor has recommended. Not only is it important for your general health, but may be the most important blood readings used by underwriters for diabetes insurance cases to determine the term life rates and health rating that you will be offered.
2) Maintaining a healthy height and weight is another factor that is strongly looked at when considering rates for diabetes insurance. Height and weight are key measures for helping diabetics to improve their health, enabling them to get the absolute best possible life insurance rates as a result.
3) Finally, when considering which term life company is best for diabetes insurance, when you were first diagnosed is absolutely critical. As a good rule of thumb, the older you were when you were diagnosed with diabetes, the more favorably underwriting will view your situation.
Other Diabetes Insurance Factors
Usually, type 1 diabetics, meaning they were diagnosed before the age of 18, are pentalized more than type 2 diabetics, who exhibited symptoms of the disease later in life.
Do not get discouraged by negaive feedback, having diabetes isn’t an automatic knockout for getting life insurance. With Life insurance, like many other medical conditions, different companies tend to treat cases differently when considering diabetes insurance. For example, we have gotten some very good offers from West Coast Life and Transamerica Life Insurance for these type of cases, and ING Life Insurance & Prudential Life Insurance are extremely strong when it comes to underwriting type one diabetes.
Always keep in mind, the life insurance companies are never out to get you! They just have their underwriting guidelines that says that certain medical conditions carry with them more risk. This certainly doesn’t mean that you are going to drop dead tomorrow just because you don’t get the best rate!
