Last Updated on July 28, 2017 by admin
The reasons for purchasing life insurance can be as varied as there are policy applicants. However, in most instances, people purchase this type of coverage for the purpose of protecting loved ones from the financial devastation that can occur when faced with the unexpected.
Life insurance can provide survivors with the peace of mind that they need – so, in order to obtain such protection, many applicants can simply fill out the necessary paperwork, take the required paramedical exam (unless you have choosen to go with a no medical exam life insurance policy), and wait to hear back regarding their policy approval.
Unfortunately, not all applicants have it this easy though. For some who are afflicted with adverse health conditions, obtaining life insurance can be difficult – if not impossible. Issues such as diabetes, along with the corresponding prescription medications to treat or control diabetes, can make the qualification process quite daunting.
In most cases, depending on how severe the person’s condition is – as well as his or her overall health condition in general – the applicant’s coverage may be accepted only on the basis that they pay a higher amount of premium for their policy. In other instances, the person may be flat out rejected for coverage.
The good news is that even if you have been diagnosed with diabetes and you’re taking a medication for treatment or management such as Humalog, there are still avenues available to you for qualifying for life insurance – and in doing so, we can help. Let us help you find the best life insurance for diabetics.
How Humalog Works With Treating Diabetes
Humalog, also referred to as Humalog B, is a prescription medication that is frequently used in the treatment and management of Type 2 diabetes. For an individual who takes this medication, it can have a major impact on whether or not you may qualify for life insurance coverage. In some cases, you may be “rated” higher and be required to pay a higher amount of premium, and in other instances you could be rejected for coverage altogether.
In still other instances, however, you could be accepted at a Standard policy rating. The primary determinants of your qualification will typically be your daily sugar levels, as well as your A1C levels.
When considering an applicant who has been diagnosed with diabetes, it is important to understand that there are two main types of this health condition. These are Type 1 and Type 2. Those who are afflicted with Type 2 diabetes will typically show common symptoms of being more hungry and thirsty than normal, as well as exhibit more frequent urination.
Type 2 diabetes is further broken down because it can have quite a range in its severity. For example, in its more severe form, individuals may be much more prone to issues such as having a stroke, as well as to having cardiovascular issues, blindness, and to kidney failure.
Type 1 diabetes is often referred to as “diabetes mellitus type 1”. With this form of the diabetes condition, an individual will usually have an absolute insulin deficiency. This will typically be due to the destruction of the pancreatic islet cells. Overall, it is estimated that it is Type 2 diabetes that makes up approximately 90 percent of all those who have this health condition.
When an individual has been diagnosed with diabetes, he or she may begin using Humalog B. This is actually a fast-acting form of insulin and it is typically taken with another longer acting insulin that works by lowering the glucose level in the individual’s body.
How Taking Humalog Can Affect Getting Approved For Life Insurance Coverage
When applying for life insurance coverage, it is important that the applicant clearly state the type of diabetes that he or she has been diagnosed. This way, the underwriters will be able to make a more informed determination regarding the person’s coverage.
It is also important to understand that when applying for life insurance, not all carriers will underwrite someone with the same health condition in the same manner. For example, one insurer may deem a particular individual to be a Standard policy rating, while another carrier may decide that the very same individual should be in a Substandard rating category and pay a higher amount of premium for his or her coverage.
In other cases, this same individual could even be declined for coverage. This is why it is so important to work with the right agency and to have a good life insurance buying strategy. When preparing to purchase coverage, we can help.
How And Where To Find The Best Life Insurance Rates
When buying life insurance while taking Humalog, it is always a good idea to work with an insurance agency or a company that has access to numerous life insurance carriers. This way, you will be able to compare and “shop” numerous policies and put yourself at the advantage – not the insurance company. In doing so, you can also directly compare insurance companies, benefits, and premium quotes in order to determine which best fits your specific needs – and your budget.
When doing so, we can help. We work with many of the top life insurance companies in the marketplace today, and we can get you all of the information that you need in order to make the best decision possible regarding life insurance coverage. We can also help you in answering other important questions, such as:
- What type of coverage is right for you – term, whole life, or universal?
- How much protection do you need?
- What is the best carrier for your coverage for both the short and the long term?
If you are ready to begin searching, just simply use the form on this page. And, if you should find that you have any additional questions regarding how to obtain life insurance while taking Humalog – or even about life insurance in general – feel free to contact us. We can be reached directly, toll-free, by calling 800-470-4122.
We know that life insurance can sometimes seem confusing – and that’s why our experts are available to answer any questions or concerns that you may have. So contact us today – and see how we can help.