Many people with type 2 diabetes or other chronic health conditions assume that their disease will make it impossible to obtain life insurance. In reality, thanks to advances in modern medicine, many people with diabetes or other health complications can be insured.
The key to being approved for an insurance policy with type 2 diabetes is having the condition under control. People who are diligent about visiting their doctor regularly and who take their prescribed medications and otherwise follow doctors’ orders may be able to buy insurance without having to pay high premiums for coverage.
When your policy application is reviewed by the insurance company, they will want to review your blood sugar levels and your hemoglobin A1C count, as well as looking at numbers like your blood pressure and weight. These numbers can paint a picture that helps the insurance underwriters determine whether your doctor’s prescribed treatments are effective in controlling your diabetes. Even if your numbers are not in the “good” range, you may still be able to buy insurance, although your policy may be “rated”, meaning you will pay a little more in policy premiums.
If you have type 2 diabetes, the best things you can do to raise your chances of being approved for an insurance policy – and for your health in general – are to follow a healthy diet, exercise regularly, and follow your doctor’s instructions to control your condition. These steps are likely to make you healthier overall, and that should translate into favorable approval and rating decisions for your insurance application.
Some insurers offer life insurance with no medical examinations, even for type 2 diabetics. These policies tend to be more expensive, but they may be options for people whose diabetes is not well controlled by diet, exercise or medication.
To learn more about insurance options for people with type 2 diabetes, and to explore rates, contact Christopher Ferguson Insurance in Tyngsboro, MA today online, or by calling (617) 386-6572.