Does diabetes affect term life insurance?

Diabetics can often get approved for term life, although it may be with a higher premium. If you are approved for a term life policy, consider longer coverage periods. This will lock in your premiums, which rise as you get older or your health changes.

Can people with diabetes buy insurance?

If you can demonstrate that you have your diabetes under control, you can qualify for insurance, often at better rates than you might think. The best life insurance companies for diabetics provide affordable coverage to customers with varying conditions that are different ages and income levels.

How many years a diabetic person can live?

A 55-year-old male with type 2 diabetes could expect to live for another 13.2–21.1 years, while the general expectancy would be another 24.7 years. A 75-year-old male with the disease might expect to live for another 4.3–9.6 years, compared with the general expectancy of another 10 years.

When are you considered diabetic?

At 2 hours, a blood sugar level of 140 mg/dL or lower is considered normal, 140 to 199 mg/dL indicates you have prediabetes, and 200 mg/dL or higher indicates you have diabetes.

Can you get diabetes at 30?

Type 1 diabetes used to be called “juvenile diabetes,” because it’s usually diagnosed in children and teens. But don’t let that old-school name fool you. It can start when you’re a grownup, too. Many of the symptoms are similar to type 2 diabetes, so it’s sometimes tricky to know which kind you’ve got.

Do you have to tell insurance about diabetes?

Anyone with diabetes should inform their insurance company that they have diabetes and of any change in either your condition or treatment.

Do I need to tell life insurance I have diabetes?

Yes, if you’ve been diagnosed with diabetes you should tell the insurer when you apply.

Can you get term life insurance if you have diabetes?

If you have poorly managed diabetes you won’t qualify for the above term life insurance products. You may however qualify for a small burial insurance policy for up to $35,000 of coverage if you’re over the age of 50. These policies take higher risks.

Which is the best life insurance company for type 2 diabetes?

Protective Life – Protective offers longer length polices than its competitors. Prudential Life Insurance – Prudential is more lenient with the height and weight build chart. Banner Life – Banner Life is excellent for Type 2 diabetes with good control. Banner Life is an excellent life insurance company for people with Type 2 diabetes.

What is the ideal blood sugar level for life insurance?

The ideal blood sugar level for a normal person is 140. However, insurance providers will also allow people with blood sugar level of up to 180, to apply for a life insurance plan. Some insurers will also consider the patient’s fructosamine levels which is essentially the patient’s blood sugar levels for the past 2 to 3.

How much does diabetes affect your health insurance coverage?

Approximately $9,601 of those costs are diabetes-related. 11 So whether you have family members with diabetes or have diabetes yourself, taking the time to evaluate your health insurance coverage will help you get the best coverage, and save money to avoid unnecessary medical debt.