Diabetic Life Insurance
Our Diabetic Life Insurance guide will help provide you with some of the information needed to help you secure a competitive quote for life insurance.
We would recommend you read the whole of this guide and our main article on finding life insurance for pre existing conditions however if time is short and you just wish to be put in touch with a Diabetic Life Insurance Expert please click the button below.
We would also suggest you read how our site operates to understand how we are here to help you secure competitive financial products.
What questions are we asked about Life Insurance for Diabetics?
These are a few of the FAQs that are often asked. Hopefully, this Diabetic Life Insurance guide will go some of the way to answering them.
- Why do I need Life Insurance?
- How do I find a diabetic life insurance specialist (click here)?
- Will a medical or other underwriting be needed to obtain insurance?
- Are there different outcomes for type one & type two diabetes?
- How are the premiums calculated for diabetic life insurance in comparison to a regular life cover?
- How can I obtain a competitive policy (click here) ?
- If I am declined for Life Insurance what can I do?
- Can i find more detailed information about diabetes?
Why do I need Diabetic life Insurance?
Life Insurance can be used for may purposes such as
- Replacing your income in the event of your death.
- Protecting your Spouses or Children’s Financial Future
- Paying off a mortgage or other debts.
- Provide you with peace of mind.
- Funeral costs.
- Leaving an inheritance to your family.
How do I find a Diabetic Life Insurance specialist?
It is important to speak to a life insurance advisor who has knowledge of diabetes. If you speak to a true specialist they will know which insurance companies are the most competitive for your individual circumstances and will therefore be able to locate a competitive policy.
For example : Some insurance companies will be good for recently diagnosed Diabetics, some will be good for long term Diabetics. Some will be competitive for people with complications. The combinations are many and only a true Diabetic Life Insurance Specialist will be able to select the right company for individuals with a high degree of accuracy.
You can see our list of specialists by clicking here.
Or by using our Step by Step Life Insurance Application Guide.
Or if you’re in a rush simply click the button below to be taken directly to an Advisor who deals with Diabetes Life Insurance.
Will a medical or other underwriting be needed to obtain insurance?
If you’re Diabetes is mild and under complete control and stable it is possible you may be accepted without the need for Doctors Reports or medicals.
In many cases however it is likely that the Insurance Company will wish to write to your GP to obtain information regarding your condition.
In more complicated cases they may aske you to attend a medical but this is only in a small minority of cases.
In the vast majority of cases obtaining Diabetic Life Insurance is a relatively easy process.
Are there different outcomes for type one & type two diabetes?
As a general rule of thumb cover is cheaper for Type Two.
This however is not written in stone a and a well controlled Type 1 Diabetic will probably obtain cheaper Life Insurance than a very poorly controlled Type 2.
How are the premiums calculated for diabetic life insurance in comparison to a regular life cover?
The insurers will calculate the risk involved in providing Life Insurance for a Diabetic.
They will then decide on how much to charge for the cover and probably increase the premium due to the extra perceived risk.
This process is called ‘loading’ and you can read our guide here.
How can I obtain a competitive policy (click here) ?
The easiest way of obtaining a competitive Diabetic Life Insurance policy is by using a specialist.
If I am declined Diabetic Life Insurance what can I do?
Again read our Step by Step Guide.
You may have been declined as you have not used a Diabetic Specialist and therefore approached the ‘wrong’ insurance companies.
If however your Diabetes is so severe that you cannot obtain cover even through Specialists you will find help through our Step by Step Guide and our articles on Last Resort Options.
Can I find more detailed information about diabetes?
Diabetes Facts and information
In the UK around about one in sixteen people have some form of Diabetes. This equates to around about 3.7 million people. This figure continues to grow and it is expected to be over 5 million by 2025.
Both Type One and Type Two diabetes change the way your body produces insulin. Type One is a genetic condition whereas Type Two is generally caused by lifestyle factors.
Insulin helps break down glucose and provides us with the energy to function. If the level of insulin is incorrect it can lead to many problems.
Around 90% of the Diabetic in the UK are Type Two and the numbers keep rising.
Do you or a friend live with an illness?
Please see our other articles below