FACT: Diabetics can qualify for Life Insurance

People with diabetes CAN qualify for life insurance and still receive great rates!  

You will need help navigating the different companies and choosing the one that is best for your situation. Every insurance company is different. If you have diabetes, Aultium Agents can help you find the best companies with the best rates. This will not cost you any money or higher premiums.

Some life insurance carriers are more aggressive with diabetics than others. Some insurance companies offer better rates for Type 1 diabetes, and some insurance companies offer better rates for Type 2 diabetes. But the FACT is that life insurance companies are getting increasingly aggressive with diabetes.

Here are some things to keep in mind when applying for life insurance if you have diabetes:

• Control Matters - Keep your diabetes under control. Renew your medication on time and take your medication!! Clients that are keeping their diabetes under control get better rates than others.

• Compliance - Make sure you do admit to diabetes on your application. This will help you!! I know this seems weird, but the insurance companies already know from labs and databases that you take medication for diabetes. So make sure to let your agent know ahead of time. This will also help your Aultium Insurance Agent know which company is better for your situation.

• Company: The company matters!! When you let your agent know your situation, they will know what companies to target. Some companies like AIG (Corebridge Financial), Lincoln, and Banner are really aggressive with diabetics. These companies are strong with Type 1 and Type 2 diabetics.  

MYTH: All insurance companies rate diabetes the same.

FACT: Insurance companies differ in how they rate diabetics, and they have different rating systems.

Insurance companies use A1C levels to see the control of diabetes. Most companies will ask for your medical records—the better control, the better the rating. But don’t wait too long. The older you get, the more expensive life insurance can be, so while you are waiting to correct your diabetes, you are getting older.

Here is the trick!! A lot of insurance companies give you credits or “extra credit” for other procedures or good lifestyle hobbies.

So you can use these “extra credit” points to raise your rating to improve your final health rating. For example, if you have had a recent mammogram or prostate exam, this would count as points to improve your rating. Some insurance companies have up to 15 different “extra credit” points that can help lift you to a better rating. If you have High Blood Pressure keep this under control as well. This will help!

There are other ways to make sure you get the best rating as possible if you are a diabetic. Ideas such as what time of the day you take your medical exam. What you should eat prior to your exam and what kind of exam you should do. All of these can help improve your rating.

Don’t go at this alone! You can use the expertise of an Aultium Insurance Agent to help get you the best rating as possible. To read more about why it is important to have an agent help you with your policy click here. We can help you you get the best premium with the best company for your situation.

If you would like a free quote for life insurance, you can click here.

If you would like a free, no obligation, 10 minute consultation with a professional life agent click here.

Frequently Asked Questions

Question: How do I get life insurance if I have diabetes?

Answer: In 4 easy steps:

Step 1 - The first step would be to speak to a professional agent about where to apply. An agent does not cost you any more money than if you went direct online. In fact, they can only save you money. They have a lot of information that can help save you a lot of money. To read more about why it is essential to use an agent, click here.

Step 2 - When you have found the right insurance companies, then you need to apply. Apply at a couple, and make them compete for your business. Once they come back with the offers, you can decide which one is better. A lot of companies allow you to use the same nurse exam if one is needed. Suppose you use an agent, then they can do all the work for you with minimal effort.

Step 3 - Prepare for the exam. Usually, the exam will be scheduled a week or so out. Be very good this week. You don’t have to be perfect but make sure you take your medications when you are supposed to and eat healthily. For tips on how to take the best nurse exam, click here.

Step 4 - Once you have the offers back from the insurance companies, choose the one that best fits your situation.

Question: I was told not to mention my diabetes on the application, which would save me money. Is this true?

Answer: No. This is not true. The insurance company will see from medical databases that you have been prescribed diabetes medication, so not answering correctly on the application would hurt you more than help you. In addition, if your agent knows about diabetes, they can direct you to the best companies for your type and A1C levels.