Life Insurance for Diabetics

The facts about getting life insurance when you have diabetes.

With diagnoses of diabetes type 1 and type 2  on the rise in recent years, the need for adequate levels of life insurance for diabetics is becoming ever more present.

More importantly it is now becoming easier for someone with diabetes to get some form of cover, whereas historically this was just not possible.

If you have been living with diabetes long term or have just been diagnosed, you may now be eligible for life insurance cover.

Diabetics living in the UK can now be accepted for life insurance, and in some cases income protection. Insurance providers differentiate between type 1 and type 2 diabetes and treat them as such during the underwriting process.

At FOCUS, we have access to specialist insurance providers which means it is possible to arrange life insurance cover for people with a variety of existing medical conditions, including diabetes.

We believe that everyone should have the life insurance protection they need and deserve. With the additional health risks that can be associated with diabetes, life insurance can provide you and your family with financial peace of mind.

Not everyone needs life insurance and you may well have some provision via your employer. But would this be sufficient to cover your mortgage or other living expenses if something happened to you?

It’s not uncommon for diabetics to have an application declined, but that doesn’t mean that taking out a life insurance policy is impossible.

Talk to FOCUS to find out how we can help.

Life Insurance for Diabetics questions

Premiums on life insurance for people with diabetes are likely to be higher than for those without the condition but in today’s world, it is now possible to take out life insurance if you have type 1 or type 2 diabetes.

How diabetes can affect an application for life insurance

If you have been living with diabetes long term or have just been diagnosed, you may now be eligible for cover. Different insurance providers will ask different questions during the medical underwriting process, but there are some key factors that will be taken into account                  :

  • Type of Diabetes  – the underwriting decisions for type 1 and type 2 diabetics will differ.
  • Medication – the application form will ask questions about your current medication type and levels.
  • BMI – you will need to provide details of your height, weight and waist measurements.
  • Smoking habits – Being a smoker will increase the premiums for life insurance and critical illness cover in most cases but as it brings an increased risk of circulatory problems to a diabetic this may mean a decline from an insurer if you have diabetes and are a regular smoker.
  • HbA1C levels – these regular blood tests are usually carried out by your GP or diabetes nurse to check the amount of sugar in your blood. As part of the life insurance application process, you will need to provide your most recent test results.
  • Any complications that have arisen from your diabetes – such as retinopathy, nephropathy or neuropathy, as well as any serious incidents that have resulted in hospitalisation.

The insurance provider is also likely to ask your GP for a medical history report.

The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.