The Challenges Associated With Getting A Diabetes Life Insurance Cover

Diabetes Life Insurance Cover

Diabetes is a disease that affects half the world’s population right now. Whether you are prediabetic or suffer from Type 1 or Type 2 diabetes, this single condition opens door for multiple infections and diseases of multiple systems in our body including a higher risk of cardiovascular health.

This is why getting insurance cover if you suffer from diabetes or you are in the high-risk bracket for developing the condition shortly becomes a trickEven if you successfully get a life insurance cover, extra premiums are charged from diabetes sufferers.y game.

Melissa Thompson from Diabetes 365 shares the following “many websites mislead people with diabetes.  Meaning they show ‘fake’ or low-ball rates.  Often times people with diabetes get tricked into thinking they’ll qualify Preferred rates.  That’s simply not the case.  Best case scenario for diabetics in terms of underwriting classifications is Standard ratings.

However, this should not always be the case and every individual must have equal rights on health as well as life insurance covers. If you are wondering why diabetes makes it difficult for receiving insurance covers, let us first understand a bit about the disease itself.

Matt Schmidt with Diabetes Life Solutions, and a type 2 diabetic himself states “almost every person who has a type of diabetes can qualify for some form of life insurance.  Sadly, many people simply work with the wrong agent or website and are told misinformation.  It’s extremely important to work with a diabetic specialist when trying to find life insurance for type 1 diabetics.”

Diabetes – The basics

There are 3 terms related to Diabetes that you must be aware of while filling out an insurance form:

  1. Type 1 Diabetes:

  • The pancreatic cells are destroyed and they fail to produce insulin in the body.
  • Patients with type 1 diabetes have to take insulin injections throughout their life.
  • This form of diabetes starts at an early age and is also called juvenile-onset diabetes.

2. Type 2 Diabetes:

  • It is a lifestyle-related disorder and causes insulin resistance in patients.
  • Thus, the insulin produced by pancreas is not able to counter the increase in blood glucose levels.
  • This form of diabetes usually begins in late adulthood and is called adult-onset diabetes.
  • Obesity and a sedentary lifestyle increase the risk of developing type II diabetes.
  • Healthy changes in lifestyle and diet along with oral medication can keep type 2 diabetes in check.
  • Medications are given to decrease the glucose levels in the blood so that excessive stress on pancreas can be reduced.

3.Prediabetes:

  • This is the condition in which you begin to get consistently higher levels of glucose in the blood but not high enough to be classified as diabetes.
  • It is a reversible condition in which insulin resistance can be reduced by adopting healthier habits.
  • Prediabetes if not tackled can increase your risk of developing diabetes in 5 years.

Diabetes is a chronic condition and many health insurance covers in the UK do not cover treatment of diabetes or its complications. However, if you are still in the stage of Prediabetes where you have not started to have symptoms of diabetes, you can be eligible to get insurance at regular premium rates.

Factors that play a role in getting an insurance cover with diabetes inclusions are:

  • Whether you suffer from type 1 or type diabetes?
  • Your blood glucose level and HbA1c value at the time of testing are done during the application process for the insurance cover.
  • Your current health condition includes medications you are consuming, BMI, other health issues, and the presence of diabetes-related complications.

If your diabetes is well controlled with oral drugs, your chances of getting life insurance increase. At ABC Money, you can find many blogs to educate yourself about tips that can make getting insurance at reduced premium rates even if you have a confirmed diagnosis of diabetes very easy.

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