Whole Life Insurance For Diabetics

Life insurance is an excellent safety net that you can purchase to ensure that your loved ones have the money that they need, regardless of what happens to you. When you’re applying for life insurance, there are dozens of different factors that the insurance company is going to look at when reviewing your application.

Whole Life Insurance For Diabetics may be the best option.

People with Diabetes can often feel like their options are very limited and that protecting their family in the event of something unexpected is not an option. Fortunately though, this is not at all the case and whole life insurance for diabetics can definitely be obtained, and much more easily than you might think.

The main thing to remember when applying for whole life insurance with diabetes, is to always work with a trusted life insurance agent like us, who can ask you the right questions and help you come up with the right answers (truthfully) to be able to keep your rates down as much as possible.

life insurance for diabeticsJust like for any other person, applying for whole life insurance for diabetics means you will have to go through an underwriting process. This goes for people who have Type 1 Diabetes as well as Type 2 Diabetes.

The job of the underwriters is to assess the amount of risk you present to the insurance company by reviewing your health and the severity of your condition.

Obviously, the more severe your condition is, the more risk will be perceived by the insurance company and the more you will end up paying for your whole life insurance.  At Diabetic Life Insurance Solutions we are dedicated to helping you get the best life insurance for diabetics.

While that does not mean it is necessarily the cheapest diabetic life insurance we will make sure you are matched up with the right plan and company for your needs. There are also other types of policies available such as no exam life insurance for diabetics, so do not allow your health to hinder you from getting the coverage that you deserve.

It is also highly likely that you will be required to undergo a physical to test your health, which for Diabetics will also mean they need to have their condition checked out as a part of the physical.

Follow Doctor’s Orders

While we can help you to answer the questions in the correct way,  we can’t help you to get in good shape for your physical. What we can recommend is that you follow everything your doctor has suggested for your particular condition. If you go into your physical and your blood sugar levels are all over the place, you can be pretty confident in the fact that you will end up paying an unnecessarily high price for your whole life insurance.

If your condition is worsening, or you feel you don’t have a good chance of receiving a clean bill of health from the doctor – and ultimately a lower rate on your insurance, you might consider going for another type of insurance altogether.

There are types of insurance such as Guaranteed Issue Life Insurance which can be expensive for people who are fairly healthy, but a great option for people who are in poor health and are anticipating that having to cash out on their insurance policy in the near future is a very realistic situation.

No Medical Exam Life Insurance Plans

If you’re a diabetic, one option to get affordable life insurance is to purchase a no medical exam policy, which will give you life insurance without being required to take a medical exam.

Because you have diabetes, the insurance company is going to give you much higher rates, or even decline your application because of your health, but with a no medical exam, they don’t get that information.

There are several advantages and disadvantages that you should consider before purchasing a no medical exam plan.


The most obvious benefit to these plans is that anyone can purchase life insurance coverage, regardless of health or any pre-existing condition that you have. Everyone should be able to get life insurance coverage, and your health shouldn’t stop you.

Another advantage to these plans is that you can get life insurance coverage much quicker than you can with a traditional policy that requires you to take a medical exam. With a normal life insurance plan, you’ll have to wait to schedule the exam, wait for the results, and then wait for the insurance company to review your results.

The whole process could take several weeks, or even a month, but with a no medical exam you’ll be able to get life insurance in a matter of days. With some companies, you’ll be able to get life insurance in matter of hours.


One of the disadvantages of these policies is that they are going to be much more expensive than a traditional plan that requires a medical exam. The purpose of the exam is to give the company an idea of what your health is, but with a no medical exam, they don’t get that picture of your health.

Because they don’t know how your health is, they are taking a higher risk to give you life insurance, and they are going to offset that by giving you higher monthly premiums. If you want the most affordable coverage, you’ll want to avoid no medical exam plan.

Another significant pitfall of no medical exam plans is that there is going to be a strict limit on how much life insurance coverage you can buy. Most insurance companies will only allow you to get around $50,000 of life insurance without taking the exam.

Most applicants are going to need more coverage than that, which means that you’ll need to purchase more than one policy or apply for a traditional life insurance policy.

Calculating Your Life Insurance Needs

Before you apply for any coverage, it’s vital that you get enough life insurance protection for your loved ones. When you’re determining what your insurance needs are, there are several factors that you should consider.

The first number to crunch is your debts and final expenses that you would leave behind to your family members. If something tragic were to happen to you, your loved ones could be left with a massive amount of debt, which can make an already difficult situation a thousand times worse.

The main goal of your life insurance is to give your family the money that they need to pay off those bills and unpaid costs.

The next number to look at is your salary. The secondary goal of your life insurance is to replace your paycheck if something tragic were to happen to you. If you’re one of the main providers in your house, your loved ones would suffer financially if you were to pass away.

Your life insurance policy will give them the money that they need to pay for basic expenses without having to sacrifice their standard of living.

Getting Affordable Life Insurance Policies

As a diabetic, you’re going to have to pay more for your life insurance plan, but that doesn’t mean that your plan has to break your bank every month. There are several ways that you can secure lower insurance rates from the company.

The first thing that you should do is improve your overall health. There are several ways that you can do that, like starting a diet and getting regular exercise. Both of these are going to help you manage your diabetes, lower your cholesterol, shed extra weight, lower your blood pressure, and much more. All of these are going to translate into lower monthly premiums on your policy.

The next thing that you should do is eliminate any tobacco that you currently use. Smokers or chewing tobacco users are going to pay much more for their life insurance coverage versus what a non-smoker is going to pay. In fact, smokers pay twice as much for the same amount of life insurance protection.  If you want to get the most affordable plan available, you’ll need to kick those bad habits once and for all.

The most important thing to remember though, is that just because you have Diabetes, life insurance is definitely not out of reach for you. There is no reason that your family should have to go through life worrying about what will happen to them if something were to happen to you.

Stop thinking that you are unable to be insured and contact a trusted life insurance representative who can help to walk you through the process of getting yourself a policy you can actually afford.

We know that finding the perfect life insurance plan can be a long and difficult process, especially as a diabetic. Our agents can help you find the best plan to meet your needs at an affordable rate.

You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the life insurance protection that your family deserves.

Not having life insurance is one of the worst mistakes that you can make for your loved ones. If something tragic were to happen to you, you would leave you family with a massive mountain of debt and it will make an already difficult situation a thousand times worse.

Contact one of our agents today and we can get the process started.

2017-07-28T03:38:55+00:00 February 14th, 2017|