Life Insurance for Diabetics
Securing a life insurance for diabetics can be tricky and there are a few key strategies that can be employed to help retain a good policy. In general, patients with a better overall picture of health will be better able to find a good policy than those diabetics in poorer health. Insurance companies will hone in on a few crucial elements in a diabetics health picture when considering the customer for a policy.
One of the most important items that insurance companies will inspect is the hemoglobin A1C (HbA1c). The HbA1c is a blood test that is frequently performed on diabetics that reveals how well the disease is being controlled. The test provides an average of blood sugar levels over a period of six to 12 weeks. When blood sugar levels are too high, the sugar binds to the blood’s hemoglobin and stays fixed for a period of time. The higher the level, the more times the blood sugar has been uncontrolled in the past weeks. The binding period of the sugar lasts for approximately 120 days. Most insurance companies require applicants to have a HbA1c of seven percent or less.
A consumer’s height and weight are also very important determining factors when being considered for life insurance. Overweight customers with type 2 diabetes are considered a poor risk for insurance. Maintaining a healthy weight gives customers a better chance at receiving a policy.
The age of onset of diabetes is a determining factor is securing life insurance. Generally, the older a patient at diagnosis, the more likely he or she will be insured.
The presence of the long-term debilitating effects of diabetes will be a great factor in determining insurance eligibility. Factors such as diabetic neuropathy, blindness, kidney pathology and an HbA1c of 10 percent or more can make finding a life insurance policy extremely expensive if not impossible to obtain.
Insurance companies vary in their policies toward orally controlled versus insulin dependent diabetic patients. Some companies are more likely to insure younger insulin dependent diabetics and others tend toward insuring older, orally controlled patients.
Other health issues will also play heavily into the eligibility of a diabetic for life insurance. Consumers with healthy cholesterol levels and good blood pressure are able to find a good policy easier than customers with uncontrolled health problems.
Diabetic patients may have to shop extensively to find a good life insurance policy that they can afford, and keeping health at optimal levels is sure to increase the options.