Diabetes is a complicated and frustrating disease. It impacts every part of your life. If you’re stressed, angry, on a roller coaster, or sometimes just sitting around – your diabetes can react. Maybe you’re too high or you crash. None of this is any fun and your frustration about it just raises your blood sugar. It’s enough to drive even the most level-headed person to aggravation. Diabetes also requires you to know your body in a way you never thought possible.
Well, diabetes doesn’t have to get in the way of protecting your family. Life insurance coverage as a diabetic might be possible. So, don’t just throw in the towel – watch this video and learn!
Great info! Now that you’re clear on diabetes and life insurance, take a min and take our nifty calculator for a spin.
Nifty Life Insurance Calculator
Our Life Insurance Calculator can help you get a rough idea of how much coverage you’ll need to make sure your family is okay financially when you die.
Annual income before tax: $Annual income is an important factor in determining your needs, but it’s not the only one. When you die, your life insurance is like your final paycheck.
% of income needed by dependents: %Because you’ll be gone, presumably they won’t need as much as you’re currently earning. Typically, 80% of your current income is a good place to start.
Your Age: yearsThe younger you are, the more years of your income your family stands to lose when you die.
Number of years benefits are needed:If you died tomorrow, how many years of income do you want to provide for your family?
Annual inflation rate (estimate): %Because of inflation, in order to maintain your family’s current standard of living, you’ll need to plan for increases in their annual income to keep pace. Historically, inflation has averaged between 2% and 4%.
Annual interest rate (estimate): %This is an assumption as to how much you believe your spouse will be able to earn on the death benefit proceeds. We have found that most surviving spouses are usually very conservative in how they invest the death benefit. The most common thing we see is that the money gets deposited into a bank account. You know your spouse better than anyone. Pick a number that you feel your spouse will be able to comfortably earn on the proceeds.
Good for you! You’ve taken the first step in keeping your family safe. So what’s next? Call 800-496-9083 now so we can help you figure out what kind of policy makes the most sense for you.