Getting Life Insurance If You’re A Diabetic


If you are looking to buy life insurance and have a preexisting condition like diabetes, you will find that life insurance will be more expensive. There are several reasons as to why a diabetic will have to pay more for life insurance.

Life Span

Insurance companies exist to make money. If you are a diabetic, you are more likely to have a shorter lifespan than someone without health problems. Insurance companies prefer to insure healthy people with long life span estimates. The longer a person is alive, the longer they can pay premiums to cover the death benefit, resulting in a lower cost. The shorter a person is alive, the more money the company will charge to make the same amount of profit.

Risk Factors

Life insurance companies prefer to take somewhat safe bets with healthy people than gambling with preexisting conditions. Studies have indicated that people with type 2 diabetes are at a higher risk for heart disease than healthy people, which would result in higher payouts from the insurance company. This is true even if the diabetes is under control. If you have your type 2 diabetes under control, the odds are that you will live longer, so life insurance companies may offer you lower costs. Thus, it is important to get your diabetes treated properly not only to have a higher quality of life, but to get lower insurance costs.

However, some life insurance companies dislike dealing with any risks whatsoever despite your current health status and just up the price anyway. Before getting insurance quotes from a company, ask them if their policy is to lump all special risks and preexisting conditions together and charge them higher rates.

At the end of the day however, the company gets to decide whether they want to insure a diabetic or not and there’s not a thing you can do about it. Several groups have been trying to get this rule changed, forcing life insurance companies to take on preexisting conditions that they usually reject, but as of yet these groups have not had a lot of success.

Diabetes Today

Some companies are changing the way they look at diabetes. For example, many companies do not emphasize lower glucose numbers as much anymore.

The diabetics that tend to get the best rates are those who have late onset (after age 50) diabetes, with an HbA1c level of 6.5 or under and no complications.

This was written by Gary Kohler from the life insurance website If you’re looking for term life insurance in Canada then contact them today.

Find more diabetes related posts:

  • Driving Can Be Tough On A Diabetic
  • Are You Being Over-Cared for by Your Doctor?
  • Diabetes – Money Management
  • Better Control of Diabetes with CGM Systems
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    2 Responses to “Getting Life Insurance If You’re A Diabetic”

    1. Long Term Care Insurance Alabama Says:

      Diabetics can indeed get life insurance. You don’t have to settle for a policy that is less than what you really want.You can save money on premiums, get a first day full benefit policy and have all of the same benefits that people that have perfect health enjoy. It’s not a matter of being dishonest on an application or anything that is underhanded. There is no trick. It’s simply a matter of finding the right company.


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