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Applying for life insurance can require an individual to provide a great deal of information about themselves, as well as about any medication that they are taking. This is because life insurance underwriters need to know any details regarding what could be determined as a potential risk to the life insurance carrier.
Certain health conditions – including type 2 diabetes – are considered to be riskier to life insurance companies. This is because they can lead to more serious complications, which may, in turn, shorten an applicant’s overall life expectancy. The taking of certain medications for diabetes such as Prandin, however, can help an applicant to control their diabetic condition.
How Can Prandin Effect Your Life Insurance Coverage Application?
Prandin – also sold under the generic name of Repaglinide – can either be used by itself, or with other medications, in the controlling of high blood sugar in those who have type 2 diabetes. This medication can also be used in conjunction with exercise and a proper diet.
The controlling of one’s high blood sugar can be helpful in the prevention of kidney damage, as well as the preventing of blindness, nerve problems, the loss of limbs, and sexual function issues that can be present in those who have type 2 diabetes. Having diabetes under proper control can also help to lessen one’s risk of having a heart attack and / or a stroke.
Prandin works in controlling one’s blood sugar by stimulating the body to produce more insulin. This is a natural substance that allows a person’s body to use sugar in the diet in a proper manner.
Because type 2 diabetes can lead to other, more serious, health conditions, it can have an effect on a person’s life insurance application. Therefore, when an applicant who has diabetes – and in turn, takes Prandin – applies for coverage, the underwriters will want to know more in-depth information about him or her.
What Will the Life Insurance Underwriters Want to Know When You Are Taking Prandin?
When an applicant for life insurance coverage is taking Prandin, they will typically need to complete the application for coverage, as well as provide additional information regarding their diabetic condition and the medication. Some or all of the following questions may be asked in addition to the basic application:
- When did you initially begin taking Prandin?
- What was your initial dosage of Prandin?
- Has the amount of Prandin dosage changed (increased / decreased) over time?
- How – how well – has your Prandin medication helped in controlling your type 2 diabetic condition?
- Have you experienced any type of side effects from your dosage of Prandin?
- If so, what type of side effects have you experienced?
- Are you managing your type 2 diabetes in any other way, such as diet and / or exercise?
- Have you been hospitalized due to your type 2 diabetes over the past 12 months?
- What are your current A1C readings?
- Have you had any other relevant testing performed within the past six months?
It may be that the life insurance underwriters will also want to review your medical records from your primary care physician and / or from a specialist medical provider that you may see due to your type 2 diabetes. Also, you will likely be required to undergo a medical exam as a part of the overall underwriting process. During this medical exam, you will be asked for a blood and a urine sample. The medical exam professional will also take a blood pressure and a heart rate reading.
Once all of your information has been received by the insurance company, a more clear determination will be made regarding your life insurance coverage – as well as about an appropriate premium price for your coverage.
How Much Will Your Life Insurance Coverage Cost?
The amount of your life insurance coverage will be determined based upon your age, gender, and overall health condition. Taking Prandin may play a factor – especially if it is helping you to control your blood sugar levels.
If it is determined that your health is good, even with your type 2 diabetes, it could be possible to obtain a Standard policy rating. If this is the case, then your premium rate would be in line with that of an average policyholder. If, however, it is deemed that your health is not as good as someone who is of average health, and then it is more likely that you would be placed into a Substandard class. In this case, your premium rate would be higher than that of an average policyholder.
If you are not able to qualify for a life insurance policy based on medical underwriting criteria, then it could be possible to do so by going with a no medical exam policy. By going this route, there is no need to take a medical exam – and because of this, those who have certain types of health issues are more likely to be able to qualify for coverage.
How and Where to Obtain Life Insurance for People Taking Prandin?
When seeking the best life insurance for people with diabetes taking Prandin, it is usually best to work with either a company or an agency that has access to more than just one life insurer. This way, you can be more apt to apply through an insurer that is more open to accepting those who have type 2 diabetes. We work with many of the top life insurance carriers in the marketplace today – and we can help to point you in the right direction. When you’re ready to move forward, just use the form on this page and we will provide you with an initial set of quotes.
If you have any questions as you go through the process, please feel free to contact us directly. We can be reached by phone, toll-free, by dialing 800-470-4122. We understand that you may be apprehensive about applying for life insurance with type 2 diabetes if you take Prandin – but the good news is that you have many options. So, contact us today – we’re here to help.