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Can Diabetics Get Better Rates on Life Insurance?

By Byron Udell | May 17, 2016

Are you a diabetic? Do you have life insurance? If not, there’s some good news. Diabetics may now be able to get better rates for life insurance. To learn more, read on.

Did you know that actor Tom Hanks, singer Patti LaBelle and tennis legend Billie Jean King all have Type 2 diabetes? Diabetes is the 7th leading cause of death in the U.S, with 1.4 million new cases diagnosed each year. According to the American Diabetes Association, complications can include high blood pressure, heart attack, stroke, kidney disease, blindness, and many other maladies.

The two main types of diabetes are Type 1 and Type 2. Type 1 diabetes is often called “Juvenile Diabetes” because it’s typically first diagnosed in children and young adults. With Type 1, the body’s pancreas does not produce enough insulin, a hormone that the body uses to break down sugars and starches into glucose. Only about 5 percent of diabetics have Type 1.

Type 2 diabetes is the most common form of this disease. With Type 2 (also called “Adult-Onset Diabetes”), the body doesn’t use insulin properly, and over time the pancreas can’t make enough insulin to keep blood glucose levels normal. According to the American Heart Association, being “insulin resistant” affects more than 60 million Americans. Lifestyle changes (such as exercise, losing weight and eating healthy) and insulin can typically keep Type 2 diabetes under control.

And here’s some good news. If you have diabetes, you can may still be able to get life insurance coverage at a reasonable rate. Life insurance companies typically use the results of a diabetic’s A1C blood test to determine how well controlled the insured’s diabetes is, and to ascertain life insurance eligibility and pricing. If your A1C levels are steady and consistently under 7.0, and you have no other health issues, you stand a very good chance of getting coverage.

To find out more, watch this short, informative video. Howard Weissman, AccuQuote’s Medical Underwriting Expert, will tell you more about how you can get life insurance – even you have diabetes.

Everyone who has ANYONE depending on them financially needs life insurance. It’s a great, affordable way to help safeguard your family’s financial future when you die. And if you think you’re going to live forever, the last time we checked, the odds of death are still 1 out of ONE.

Questions? Feel free to reach out to us anytime. We take the stress out of shopping for life insurance. You have enough things to think about.

We only work with highly rated insurance companies – brand names you trust. You may be able to save money without sacrificing quality and strength.