Guides & Tips Life Insurance

Diabetes Life Insurance in the UK

diabetes life insurance

This diabetes life insurance guide will help give you some background to how diabetes may affect your application.

To quickly see the best ways of obtaining Diabetes Life Insurance or any life insurance for pre existing conditions please click the button below.


How to obtain competitive Diabetes Life Insurance

Did you know that 1 out of every 16 individuals in the United Kingdom lives with some type of diabetes? Meaning, there are currently 3.7 million people in the UK who are living with this condition.

What’s more, according to Diabetes UK, the figure is expected to surpass 5 million by the year 2025. Diabetes may also increase the possibility of conditions like stroke, heart attack, and some type of cancers. Hence, sufferers need to take the necessary steps that’ll assist them in setting long-term financial goals. Diabetes Life Insurance can be a cost-effective way to protect your loved ones from major financial difficulties.

Some of the main questions people have in regards to Diabetes Life Insurance include:

  1. How do I find a diabetes life insurance expert (click here)
  2. Will a medical or further underwriting be essential to obtain cover?
  3. Do insurance companies deal with type 1 & 2 diabetes differently?
  4. How are the premiums calculated for life insurance with pre existing conditions in comparison to a regular life cover?
  5. How can we secure appropriate policy using a cost-effective way (click here) ?
  6. What can I do if I am declined for diabetes life insurance?
  7. Where can i find more information about diabetes? (click here)

All these questions are answered in our pre existing condition life insurance article and in the information below.

Both type 1 and type 2 diabetes affect the production of insulin inside your bloodstream. Type 1 diabetes results due to a person’s genetic background while type 2 can be dependant on your day to day lifestyle.

The insulin within our blood plays a key role in breaking down body glucose that we consume through food. The process of breakdown helps you keep up with daily activities by supplying you with energy.

Studies show that 90 percent of the sufferers in the United Kingdom are diagnosed with type 2 diabetes. A major reason for this can be a lack of workouts, an unhealthy lifestyle and being obese, whereas type 1 diabetes results due to a genetic disorder.

Diabetes Life Insurance:

Through specialist pre existing life insurance brokers, you can opt for a life insurance policy even if you’re already diagnosed with diabetes. We think most individuals can benefit from having some type of cover, and due to the additional health risks related to diabetes, a policy could offer you a much-required peace of mind.

Payouts from your life insurance can be used for many things :

Help clear your debts

Minimise financial stress associated with the future costs of living

Pay for a funeral

Offer an inheritance to your family

Pay off outstanding bills

It’s not new to see an application from most diabetics being declined or overcharged for one reason or another. Nonetheless, this does not indicate that securing life insurance is impossible.

Insurance companies tend to classify diabetes into what’s commonly called a pre-existing condition.

When it comes to life cover as a diabetic, your application is likely to go through manual underwriting

The good news is that by using a Diabetes Life Insurance Specialist you can explore the market and locate a suitable policy for your needs. Why not view our full article on Life Insurance for Pre Existing Conditions to view your options.

Type 1 Diabetics Life Coverage:

Because of the increased risk of stroke and heart attack related to type 1 diabetes you may be required to pay higher premium amounts.

In Type 1 diabetes, your immune mechanism destroys the cells that create insulin.

Since this is an autoimmune ailment, it is more challenging to treat as opposed to type 2 diabetes.

The increased probability of heart attack & stroke to the policyholder means they may be required to pay a higher sum for their life insurance premium. This is normal for life insurance with a pre existing condition.

Nonetheless, this does not mean that your cover is bound to be unaffordable. Exploring other options available in the market can help you locate a suitable cover, at an affordable rate. This is why it is so important to use a Diabetes Life Insurance Specialist.

Type 2 Diabetics Life Coverage:

Because of the higher probability of high blood pressure, unbalanced cholesterol, and some cancers, patients of type 2 diabetes may also be charged a higher monthly premium for their life insurance.

This type of diabetes occurs when inadequate insulin is created or the body cells fail to manage the insulin which is produced. It’s often related to obesity and is seen as a major ailment to policyholders as it’s associated with other severe conditions like high cholesterol and blood pressure. Both of these might potentially lead to a heart attack.

Since patients of type 2 diabetes present an increased risk to the insurance companies, odds are high that they’ll charge higher premiums to people with Type 2 diabetes. It is however possible to obtain standard rates. A diabetes life insurance expert will be able to guide you in the right direction.

Although some companies may reject your application if you are living with poorly controlled type 2 diabetes, by using a specialist pre existing condition life insurance broker you have a great chance of finding affordable cover. There are also some last resort options if all else fails.

Using a Specialist in Diabetes Life Insurance can save both your time as well as money by letting them carry out the hard work for you.

Premiums for Diabetes Life Insurance:

Monthly payments for diabetics are calculated taking into account different aspects of their disorder, in addition to how well it is being treated. This process is called ‘loading’.

When a person applies for life cover, they’re required to provide detailed information in regards to their condition and the insurance company may write to your GP. In some cases a medical screening may also be required.

This, in addition to other details about a person’s age, their medical history, as well as the status of smoking, help the insurance company calculate the risk they pose and eventually come up with the final premium amount.

When it comes to your condition, below are some of the key factors which may be taken into account:

Latest HbA1c reading

Age when you were first diagnosed with the condition

Whether you have Type 1 or Type 2 diabetes


Medication (insulin or metformin and diet)

Present diabetes complications (neuropathy, retinopathy, or nephropathy).

How effectively you are coping with the disorder will also be considered, with a few insurers even providing reduced premiums if you are controlling your condition well. Sufferers may get tempted to deny having the disease whilst applying for their cover to obtain reduced monthly payments. But, if after a successful application, it’s found that you deliberately ignored your diabetes when your cover was arranged it will almost certainly make your cover invalid and you will not receive any payout.

Previously Rejected Life Cover?

Even in case, your life cover was previously rejected, sufferers of diabetes can usually secure some form of cover by using the right process.

Simply because your application was previously rejected does not indicate that you do not have any other choices available to you. Specialist pre existing conditions Life Insurance brokers can make sure your application is looked at by companies sympathetic to you particular circumstances. It may be that in the past you simply applied to the ‘wrong’ insurer.

With the assistance of a specialist diabetes life insurance expert, you will be able access numerous companies and they will pick the most appropriate cover for you.

Being Diagnosed in the Middle of Your Cover:

If a person is diagnosed with diabetes while he/she is in the middle of their life cover, the policy will still usually be valid.

If you were totally honest during the application process, being diagnosed with a condition like diabetes in the middle of your term should not affect its authenticity. Thus, if you die in the middle of the policy, due to a diabetic-associated ailment or not, your loved ones can still receive a full payout.

Cover for Critical Illness for the Sufferers of Diabetes:

Cover for critical conditions for diabetics can also be obtained, even though odds are that it may be declined or at best contain several exclusions.

Sadly, very few insurers tend to provide cover for critical conditions to diabetics. Still, it is often possible to obtain some form of cover.

At times, insurers may provide cover for critical illness (more so in case a person suffers from type 2 rather than type 1 diabetes), but, the policy is likely to undergo manual underwriting. Also, it may include quite a few exclusions. Meaning if you are diagnosed with certain critical diseases (especially those possibly related to the presence of diabetes, like stroke and heart ailment), your policy will be invalid.

With the assistance of a diabetes life insurance expert, you can secure an appropriate cover.