Yes—but there are some important things to know that can affect your options and premiums.
Understanding How Diabetes Affects Life Insurance
Life insurance companies assess risk when determining your eligibility and premium rates. With diabetes, they’ll look at factors like your type of diabetes (Type 1 or Type 2), how well you manage your condition, your overall health, and your medical history. Those who have their diabetes well-controlled with a healthy lifestyle and regular medical care may be offered more favorable rates.
What to Expect When Applying
When applying for life insurance, be prepared to provide detailed information about your diabetes, including your A1C levels, medications, and any complications. Some insurers may require a medical exam to assess your current health. Based on this information, you may be classified into different risk categories, which will influence your premiums.
Finding the Right Policy
While having diabetes may limit some of your options, there are still policies available that can meet your needs. It’s important to shop around and compare quotes from different insurers, as some may be more lenient or offer better rates for individuals with diabetes.
Consider Working with a Professional
Given the complexities of getting life insurance with diabetes, it can be helpful to work with an experienced insurance agent or broker who understands the market and can guide you to the best options. They can help you find a policy that provides the coverage you need at a rate you can afford.
For more detailed information on getting life insurance with diabetes, you can visit this article from the American Diabetes Association: https://diabetes.org/life-insurance-options
If you need assistance in finding the right life insurance policy, we are here to help. Contact us at team@rwealthgroup.com or call/text us at (813) 761-2836 to discuss your options and secure your family’s financial future.