What You Need To Know About Life Insurance As A Diabetic

When it comes to life insurance, having an autoimmune disease like diabetes can make it difficult to get. Diabetes increases your risk of many long-term complications, and when paired with the mortality rates, it makes many life insurance companies reluctant to provide a policy. There are several things that will factor into your eligibility and insurance risk as a diabetic. Here are a few of the things you need to know before you start shopping for life insurance after a diabetes diagnosis.

The Underwriting Process

Most insurance companies will spend the underwriting process evaluating your medical history to assess your control of your condition. You’ll have to be able to show that you’re not only controlling your blood sugar, but also taking the steps to care for your overall health.

The underwriters will evaluate this by checking several things. This starts with an evaluation of your medical records. Your A1C is one of the things that the underwriters want to see. It is a representation of your average blood sugar readings from the last few months.

They’ll also look at how long you’ve been diabetic. The longer you’ve had your diagnosis, the greater the chances that you’ve gotten control of and learned to manage the condition. You’ll probably have to provide several days of blood sugar logs and a list of the medications you’re on.

The last thing that most underwriters look at is any complications that you’ve experienced. If you’re suffering from neuropathy, hypertension or cardiovascular problems, you’re at higher risk, which makes your premiums higher or may result in a declined application.

Improving Your Odds

The best way to improve your odds of approval for the life insurance policy is to take every possible step to improve your health. Eat a healthy, balanced diet that includes whole grains, complex carbohydrates and a lot of fruits and vegetables. Work out as regularly as possible to help keep your heart healthy.

You can also improve your chances by working with an insurance broker. Brokers like those from Cambridge Insurance Brokers (Preston) Ltd have several companies to work with, so you’ve got a better chance of finding a company that will insure you even with your diagnosis. Talk to the broker about your concerns and ask him or her to help you find a life insurance policy that will work for you, even with your chronic condition. The right broker can connect you with an insurance company that will extend coverage.

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