Last Updated on February 28, 2021 by Matt Schmidt
While people purchase life insurance for many different reasons, typically it all comes back to the fact that they care about someone and want to provide them with the financial protection that life insurance coverage can provide. For some people, obtaining this type of coverage is as simple as filling out an application and waiting for approval. For others, though, it isn’t quite as easy. This can especially be the case if you’ve been diagnosed with diabetes and you are taking the medication Glucophage.
Oftentimes, having certain types of health-related conditions – and taking the medications that are prescribed for them – can cause applicants to pay a higher amount of premium for their coverage, have fewer coverage options, or be declined for coverage altogether.
The good news is that if you have diabetes and you take Glucophage, you do have options. And, by going with these alternatives, you may obtain the life insurance coverage that you need in order to provide the protection that you want to give your loved ones the peace of mind that they deserve.
How Glucophage Works With Treating Diabetes
Glucophage is a prescription medication that is often used in treating and managing Type 2 diabetes. With Type 2 diabetes, an individual will typically exhibit symptoms of high blood glucose due to an insulin deficiency. This is different from Type 1 diabetes in which individuals show an absolute insulin deficiency stemming from the destruction of pancreatic islet cells.
There are a number of different versions that Type 2 diabetes can take on. These can be very mild to quite severe. Those who have a more mild form of Type 2 diabetes may need to urinate more frequently, a condition that is commonly referred to as polyuria. They may also be more thirsty (polydipsia) and more hungry (polyphagia) on a regular basis.
Those who have more severe Type 2 diabetes, however, can have much more intense symptoms such as being at a higher risk of having a stroke, as well as being more prone to cardiovascular disease, blindness, and / or kidney issues.
Because of the many different forms that Type 2 diabetes can take on, it is extremely important that a person who has been diagnosed with this condition be medically examined in order to obtain a more thorough determination.
In working to manage one’s Type 2 diabetes, Glucophage – also known as Metformin – can work in several ways. First, it can help in reducing the amount of sugar that is made by the individual’s liver. It can also work in limiting the amount of sugar that is being absorbed into the individual’s body from his or her food that is ingested, while also making their insulin receptors more sensitive. This helps their body in better responding to its insulin. Overall, this can have the result of causing a decrease in the person’s level of blood sugar.
Affect On Getting Life Insurance Coverage
It is important to know the severity of one’s Type 2 diabetic condition prior to submitting an application for coverage. This is because it can make a substantial difference concerning the amount of premium you will be charged for the policy – as well as whether or not you will even be accepted for the policy.
If you take Glucophage for the management or the treatment of a diabetic condition, it can affect a life insurance policy application decision by the underwriters. Depending on your diabetic condition – as well as your overall health condition – you could be charged a higher rate for coverage, or you could be declined for coverage altogether. The key factors that will make this determination are typically your daily blood sugar levels, as well as your A1C levels.
It is important to note, however, that not all insurance companies will underwrite their policies in the same manner. What this means is that the very same applicant for coverage may be declined by one carrier while they may be accepted as a Standard by another. With that in mind, it makes sense to have a good strategy if you are buying life insurance while taking Glucophage.
How And Where To Find The Best Policy
If you are seeking the best life insurance with diabates while taking Glucophage, it is a good idea to work with a company or an agency that has access to more than one carrier. This way, you will be able to “shop” your application for coverage to several different insurers in order to compare policies, benefits, and premium rates. In doing so, you can essentially then compare and determine which of the carriers will work the best for your life insurance needs, as well as for your budget.
When you are ready to begin the comparison process, we can help. We work with many of the best life insurance carriers in the marketplace today, and we can help to point you in the right direction in terms of which insurers may work with those who have been diagnosed with diabetes. We can get you all of the information that you need up front – saving you countless hours of time and frustration throughout the application and underwriting process – and essentially getting you the coverage you need in a fraction of the time. If you’re ready to get started, just simply use the form on this page.
If you should have any questions along the way regarding buying life insurance while taking Glucophage, or even about life insurance, in general, our experts will be happy to walk you through the process, step-by-step. We will assist you with questions such as:
- How much coverage do you need?
- What type of policy should you have?
- What is the best insurer for your specific protection requirements?
You can contact us directly, toll-free, by calling 800-470-4122.
We understand that the purchase of life insurance can seem overwhelming – and we want to ensure that you have all of the information that you need before moving forward. So, contact us today -we’re here to help.