If you are a type 2 diabetic, you may have been told that you cannot buy life insurance or that if you are able to find a policy, the premiums will be too high. However, it is possible to buy life issuance with type 2 diabetes. The following are three tips to help you obtain an affordable life insurance policy.
Get your diabetes under control
Diabetes is a serious condition, and people die from it every day. But there is no reason you can't live a long and healthy life if you can get your type 2 diabetes under control. An insurance company will be looking at your median blood sugar number, also know as A1C. They will also want to know any medication you're taking. Your weight should be in line for your age, gender, and height. If you smoke, you should quit. Although there is no relationship between smoking and diabetes, smoking is not healthy. When an insurance company sees that you smoke along with being diabetic, you will be seen as a greater risk. Ideally, you want your diabetes to be your only health issue, but if this is not possible, you need to demonstrate you have all of your health issues under control.
Get your quotes from an independent insurance agent
This type of insurance agent works with several different insurance companies and can save you a lot of time by focusing on the companies that will insure a type 2 diabetic. They will also know what documentation regarding your condition the insurance company will want. Although independent insurance agents get their commissions from the insurance companies, they are working for you and in your interest. And they can make the path easier for a diabetic seeking a life insurance policy.
Be truthful on the application
Many insurance companies that are willing to sell a life insurance policy to a diabetic may not require a physical; however, there will be an extensive questionnaire. You will need to be honest about every question. Your answers concerning your health, especially how it relates to your diabetes and any other conditions affecting your life span. This also includes lifestyle choices such as smoking. Your premiums will be determined by your answers, even if you supply medical documents. If you were to die and your cause of death is inconsistent with your application, your beneficiary could be denied the life insurance money.
As you are aware, there is no cure for type 2 diabetes, but you are also aware that it can be controlled. If you already have it under control, your next step is to find a good insurance agent to help match you with the right life insurance policy. Be truthful on your application, and you will be able to get the affordable policy you need.
For more information, consult with companies like United Counties Insurance Group.
Share30 September 2016
