Life insurance quotes for diabetics are not easy to find for a wide range of reasons.
By understanding the challenges, it is possible to work around the obstacles to find an insurance policy that works for personal peace of mind. Life insurance provides the mental peace that family members are able to get by financially, so it is important to find coverage. Read also: Who Can Benefit From Term Life Insurance?
How Diabetes Impacts Life Insurance
Individuals who are looking for diabetics life insurance need to understand how the chronic disease impacts the provided quotes. By learning the factors that impact qualifications for insurance, it is easier to work on improving health enough to get the best possible rates.
The major reason that diabetes is a problem with life insurance is the potential risk for early death. Someone who struggles with diabetes is more likely to suffer from severe health conditions that shorten life span. The life expectancy is much lower, so insurance companies will either charge high premiums or refuse coverage in certain situations. Read also: Life Insurance is Necessary for Your Loved Ones.
Seeking life insurance quotes for diabetics requires taking measures to control the disease. Diabetes is not easy to control, but insurance companies are willing to work with those who have their blood sugar levels, particularly the hemoglobin A1C levels, under control. While type 1 and type 2 diabetes vary in appropriate treatment, diet plays a key role in blood sugar maintenance. Following medical advice regarding dietary needs and taking appropriate medications will help control the blood sugar for improved insurance rates.
Beyond controlling the disease and following medical advice to maintain normal blood sugar levels, it is also important to work on obtaining or maintaining a healthy weight. The insurance company looks at weight to height factors. Those who have a healthy weight are more likely to have a lower risk of serious conditions, which makes the premiums a little lower.
The last factor impacting insurance rates is not in personal control. Those who are diagnosed with diabetes later in life will usually have a lower rate than those who have struggled with the disease since childhood. Read also: Is Life Insurance for Babies Really Necessary?
Benefits of Life Insurance
While it might seem like diabetic’s life insurance is too expensive, particularly when working with a company that does not cater to the needs of customers who are diagnosed with diabetes, it is worth the expense. The benefits of life insurance often outweigh the financial cost.
The most obvious benefit is the peace of mind that comes with providing financially for loved ones after death. Knowing that the family will have enough money to get past the funeral and mourning period so that it is possible to get back on their feet is a benefit that is not measured in monetary value.
Beyond peace of mind, life insurance offers the cash to pay for a funeral. The cost of a funeral varies, but can easily add up to $10,000 or more. The insurance removes the burden from a surviving spouse or children. Read also: Things you Really Need to Know about Senior Life Insurance.
Quotes and Comparisons
A diabetic is not without options. Comparing different life insurance companies starts with obtaining several quotes. Quotes are available online at comparison or company websites as well as over the phone.
When obtaining a quote, the company representative will ask a few basic questions. Questions will include whether any other existing health conditions are present, whether individuals engage in risky behaviors like smoking and the current height and weight.
A quote is provided after processing the information. Times vary, but most companies provide an estimate within a few minutes of making a request. The estimate is not the final cost of approval, but it does provide a good idea of the likely costs. Read also: Life Insurance Rates for Seniors.
Compare the cost of insurance and the coverage provided. Coverage is usually the amount selected, but it can vary based on company policies and options.
Companies will differ in whether it is good for personal necessities or not. Some companies cater to younger diabetics while others focus on the needs of older men and women. As a result, it is important to comparison shop. The best life insurance quotes for diabetics differ based on individual health, age and potential risks that might exist beyond the disease.
Diabetes creates a wide range of challenges when it comes to health and life insurance. By looking at companies that cater to men and women who are struggling with diabetes, it is easier to obtain peace of mind and the best possible rates.