Diabetic Life Insurance
Diabetes affects an estimated 18.2 million Americans, and the number rises each year. The life insurance industry recognizes a type l diabetic or juvenile diabetic to be diagnosed under the age of 40. Most life insurance companies will not underwrite this type of risk or are highly rate for the disease. The key element an insurance company looks at for diabetics is the control which is measured by the glycohemoglobin A1C level and total glucose level. The life insurance industry views good control if the A1C is 6.5 or less.
There is a life insurance company that will not rate a type l diabetic if their A1C level is 8 or less and the proposed insured meets all underwriting criteria as well.
Type ll diabetics or adult onset are more liberally underwritten in the life insurance industry. Some carriers will only entertain this risk if the A1C level is 6.5 or less. If higher a rating will be assessed to the base premium. Other carriers are more aggressive and will not rate up to an A1C of 8. Above 8 those life insurance carriers that will entertain this risk will assess a rating.
In addition to, weight, medication, overall health, and lifestyle is viewed when underwriting diabetics for life insurance. If you have type 1 or 2 diabetes, you know that blood sugar control, a balanced diet, weight management, regular exercise, and checkups are vital to your health. Taking special care of every part of your body to avoid serious complications is just as critical.
Among your biggest concerns with diabetes care are:
Foot infections
Chronic skin infections
Gum disease and tooth loss
Vision problems
Heart disease and blood circulation problems
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