Understanding Life Insurance Eligibility for Diabetics
Diabetics with a glucose level of 7.0 can indeed apply for life insurance. A glucose level of 7.0 is generally considered as having average control over the condition. This level of control can influence the underwriting process and the resulting premiums.
The Impact of a 7.0 Glucose Level on Insurance Premiums
- Standard Rating: With a 7.0 glucose level, individuals typically start with a standard rating. This is a baseline for premiums without additional risk factors.
- Table Ratings: Slight increases in glucose levels, such as between 7.5 to 7.8, can affect underwriting ratings, potentially leading to ‘table ratings’. These are higher premiums due to increased risks.
Additional Factors in Underwriting for Diabetics
- Diagnosis Date: The time since diagnosis can impact the assessment of risk.
- Medications: The type and consistency of medication usage are considered.
- Overall Health: General health condition and management of diabetes are crucial.
Table Shave Programs
Some insurance carriers offer a ‘table shave’ program. This can potentially lower premiums for those initially placed in a higher table rating (like table 3) down to a standard price.
- John, Diagnosed at 40: John has maintained a glucose level of 7.0 since his diagnosis at age 40. He was offered a standard rating due to his stable condition and good management.
- Sarah, Recent Diagnosis: Sarah, recently diagnosed and with a level of 7.5, faced a table rating but qualified for a table shave due to her proactive approach to health management.
Life Insurance Ratings for Diabetics
|Typical Underwriting Rating
|Eligibility for Table Shave
|Optimal for lower premiums
|7.0 – 7.8
|Standard to Table Rating
|Slightly higher risk, variable premiums
|Higher premiums due to increased risk
Diabetics with a glucose level of 7.0 have a good chance of obtaining life insurance with a standard or slightly higher premium, depending on various factors like overall health and medication. Programs like table shaves can further assist in reducing costs. Understanding these aspects ensures a more informed approach to selecting life insurance as a diabetic.
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