How To Get Life Insurance With Diabetes

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Understanding Life Insurance for Diabetics

Eligibility and Cost Factors

Securing life insurance as a diabetic is achievable but can be more complex and costly compared to non-diabetics. Factors influencing the cost and eligibility include the type of diabetes (Type 1 or Type 2), age at diagnosis, blood sugar control, overall health, and lifestyle habits.

Type 1 Diabetes

  • Challenges: Individuals with Type 1 diabetes often face higher costs and more difficulty obtaining coverage.
  • Key Factors: Insulin dependency, age at diagnosis, and related health complications significantly impact premiums.

Type 2 Diabetes

  • Easier Management: Often controlled with medication and lifestyle changes.
  • Lower Costs: Generally, individuals with Type 2 diabetes can secure more competitive rates compared to those with Type 1 diabetes.

Tips for Securing Coverage

  • Lifestyle Changes: Adopting a healthy diet, engaging in regular exercise, and quitting smoking can improve your overall health and reduce insurance costs.
  • Medical Compliance: Consistently following your treatment plan can significantly impact your ability to secure affordable life insurance.

How We Can Help

At The Annuity Expert, we understand the unique challenges diabetics face when securing life insurance. With 15 years of experience as an insurance agency, annuity broker, and retirement planner, we are dedicated to finding the best solutions at the lowest costs for our clients.

The primary issue diabetics face is the higher cost and difficulty in obtaining life insurance coverage due to perceived health risks. This not only impacts your financial planning but also causes significant emotional stress as you strive to protect your loved ones.

  • Higher Premiums: Elevated insurance costs can strain your budget.
  • Limited Options: Fewer insurers willing to provide coverage may make the process feel overwhelming.
  • Emotional Stress: The fear of being unable to secure adequate protection for your family can be distressing.

We believe in empowering you with the best insurance options available, ensuring you receive comprehensive coverage at an affordable price. We stand for transparency, personalized advice, and dedicated support in navigating the complexities of life insurance for diabetics.

Can Someone With Diabetes Get Life Insurance

What We Recommend

To achieve the protection you need, follow these actionable steps:

  1. Initial Consultation: Contact us for a free consultation. During this session, we’ll discuss your unique situation, answer your questions, and begin crafting a tailored plan.
    • Benefit: Gain clarity on your options and receive expert guidance.
  2. Personalized Plan Development: Based on the information gathered, we will create a customized insurance plan that fits your needs and budget.
    • Benefit: Secure a plan that offers the best coverage at the most competitive rates.
  3. Policy Implementation and Support: We will assist you in finalizing and implementing your policy and provide ongoing support to ensure your coverage remains optimal.
    • Benefit: Enjoy peace of mind knowing that you and your loved ones are protected.

Features and Benefits

  • Comprehensive Coverage: Policies tailored to your specific needs and health condition.
    • Benefit: Protection that ensures your family’s financial security.
  • Competitive Rates: Access to the best rates available for diabetics.
    • Benefit: Affordable premiums that fit within your budget.
  • Expert Guidance: Personalized advice from experienced professionals.
    • Benefit: Confidence in making informed decisions about your insurance.

Addressing Common Objections

  • “It’s too expensive.”: We work with multiple insurers to find the most affordable options.
  • “I won’t qualify.”: Many diabetics successfully obtain coverage with the right guidance.
  • “It’s too complicated.”: Our experts simplify the process and handle the paperwork for you.

Failing to secure life insurance can leave your family financially vulnerable. Working with us ensures they are protected, providing you with peace of mind and security. Imagine the relief of knowing you’ve made a sound decision for your loved ones’ future.

Contact us today for free advice or a free quote.

Let Us Help You Apply For Coverage With Diabetes

Get help applying from a licensed financial professional. This service is free of charge.

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Frequently Asked Questions

Can I get life insurance with a 7.0 glucose level?

Diabetics with a glucose level of 7.0 can indeed apply for life insurance. A glucose level of 7.0 is generally considered to have average control over the condition. This level of control can influence the underwriting process and the resulting premiums.

Who is the best life insurance company for a diabetic?

United Home Life offers whole and term life insurance to people with diabetes without a waiting period, providing up to $50,000 in coverage. The company does not ask about your diagnosis, type of diabetes, or A1C reading. Established in 1948, United Home Life is a reputable company with an A- rating.

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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