Can I still be approve for life insurance?
First thing to note is that there is a big difference between Type 1 and Type 2 Diabetes, and how the life insurance companies handle the underwriting for these particular cases.
Type 2 Diabetes
Applicants who have Type 2 diabetes can usually qualify for traditional life insurance if the diabetes is controlled. Assuming all checks out and there are not too many additional problems related to the diabetes the client can be approved standard or with a slight to heavy increase in the price. But if their diabetes is not controlled, they could still be rated or declined. The best way to approach this is to deal with an experienced insurance broker who will do his due diligence beforehand to give you an idea.
Type 1 Diabetes
But Type 1 Insulin dependent diabetics are underwritten more stringently than non-insulin dependent diabetics. There are several different outcome for a Insulin Dependent Applicant. The first scenario which is the best case scenario for an insulin based diabetic is likely a policy rating (higher policy rates then a standard healthy individual.) The client could still be declined if the insurance company considers this too high risk or if there are other medical issues that are considered ris
What the Underwriters Look For ?
When the insurance companies Underwriters review your application and medical results and history they will be looking at the insured’s, build, current age,type and dosage of medication, blood sugar readings, past health issues, and related complications and look for some special propositions like Cultural Health Solutions diabetes treatment in Indians.
Non Medical Insurance May be A Solution for Higher Risk Diabetics
There are many non medical insurance policies, that can be used to bypass a decline as they do not have diabetes questions, and very limited questions for that matter. However its always advised if the Diabetes is considered severe that you put the Non Medical Insurance into place as the primary question its will ask is if the insured has been declined for insurance in the last two years?
