The Truths About Life Insurance for Diabetes

Diabetes is no big deal if you are planning to buy life insurance for diabetes. According to research, approximately 9% of Americans are suffering from one form of diabetes or the other. And below are the truths you need to know about life insurance for diabetes.

  • You are highly likely to get life insurance coverage if you have diabetes, whether Type 1 or Type 2 diabetes
  • Your insurer will not approve your application if you cannot control your diabetes.
  • If you have diabetes, you can get approval without undergoing any medical exam.
  • You will pay more if you want life insurance for diabetes with no-medical exam.
  • How much premium your insurer will ask you to pay depends on the severity and type of diabetes you have.
  • The more critical your diabetes is, the more premium you will pay for getting coverage.
  • Lying about your health status will not prevent insurance companies from knowing that you have diabetes given that they will examine your health if you did not apply for no-medical exam policy.
  • Some of the important questions you will be asked during life insurance medical exam include your age, when you were diagnosed of diabetes, your current medication, additional health problems, and the type of diabetes you have.
  • You can get any type of life insurance policy you want if you have diabetes.
  • You are likely to get the best rates if you hire an independent life insurance agent to do the search for you.