| Life Insurance Companies differ in their | | | | levels over about a 3 month period of time as |
| "underwriting philosophy" when it comes to | | | | opposed to a quick "snapshot" blood level test).If |
| diabetes. Offering life insurance for diabetics can | | | | the client's A1C level is below 8, then fully |
| be risky if the underwriters are not fully trained. | | | | underwritten life insurance may be available |
| Underwriters at the insurance companies that are | | | | subject to the client's full medical file. If the client's |
| fluent in underwriting diabetes have the ability to | | | | A1C level is above 8, then guaranteed issue life |
| look at all of these factors and determine if the | | | | insurance is a more realistic goal.One of the things |
| company will accept them as a risk. Moderately | | | | that applicants fear in the case of insulin |
| controlled diabetes cases would usually merit a | | | | dependent type 1 diabetics is whether or not their |
| "rating" or an increase in the premium, but not | | | | insulin pump will prevent them from getting a life |
| necesarily a declination for coverage. If the client | | | | insurance policy. An insulin pump is actually a |
| with diabetes that is looking for life insurance is | | | | positive factor where life insurance underwriting is |
| not controlled, then there are options - it will just | | | | concerned because the client's insulin level is kept |
| cost them more for coverage!Diabetic Life | | | | at a constant level.How often the client monitors |
| Insurance can be obtained no matter how severe | | | | their sugar or glucose levels in their blood is |
| the diabetes condition is. If the proposed insured | | | | another factor. If the client habitually monitors |
| has well controlled diabetes and a history of | | | | their glucose level, then this is seen as evidence |
| compliance with what the Doctor reccomends, | | | | of compliance on the part of the client. If, on the |
| then the rate for insurance will naturally reflect | | | | other hand, the client does not monitor these |
| that. The better the control, the better the rate. | | | | sugar levels, then this could be seen as a negative |
| Clients with well controlled diabetes have a great | | | | in the eyes of the insurers and underwriters.Have |
| chance at getting a lower rate from a regular | | | | there been any low sugar episodes? Have there |
| insurance carrier and would qualify for a policy | | | | been any high sugar episodes? Is the client taking |
| that is fully underwritten. If, at the other | | | | glucovance, glucophage, insulin injection, or other |
| extreme, the client has very poor control over | | | | type of medicinal treatment? Is the client |
| the diabetes, the rate will be higher and the client | | | | controlling the diabetes with "diet and excercise"? |
| will have to go with a life insurance plan that | | | | These are all questions that will be asked during |
| guarantees acceptance. This type of life insurance | | | | the underwriting process (unless you opt for |
| is called "guaranteed issue life | | | | guaranteed issue).By the way...ANYONE can get |
| insurance".Guaranteed issue life insurance for | | | | guaranteed issue; you don't have to be |
| diabetics is more expensive than regular (fully | | | | "uninsurable". Guaranteed issue is available for |
| underwritten) life insurance and is only sold as | | | | clients between the ages of 46 and 80 and up to |
| "whole life insurance". This type of insurance can | | | | $35,000 in coverage. Again, this is the more |
| be advantageous, though, because it builds cash | | | | expensive type of life insurance and it is advisable |
| value and is intended to cover the client for their | | | | that if you CAN make it through an underwriting |
| "whole life" as opposed to a "term" period of time. | | | | evaluation, you should try unless you just want to |
| Another provision of guaranteed issue is that the | | | | pay more and be done with it!So what kind of |
| premiums paid into the policy would be paid to the | | | | companies will accept clients with diabetes? |
| beneficiary PLUS 10% interest if the insured dies | | | | Personally, I broker only with "A" rated companies |
| within the first 3 years of the policy's inception. | | | | that have the right combination of price, customer |
| After that 3 year period of time, the guaranteed | | | | service, product variety, and recognition in the |
| issue policy would pay the full death benefit to the | | | | market. I deal with companies that take clients on |
| beneficiary.Fully Underwritten policies take the | | | | a case by case basis as opposed to categorizing |
| client's full medical records into account. The | | | | them "by the book". I have fully researched the |
| doctor's records are ordered, blood is drawn, a | | | | market, I am in touch with the underwriters |
| urine sample is taken, and a full screening is done | | | | personally, and I assure you that these companies |
| to evaluate the client. If the insurance company | | | | have the proper credentials to back up their |
| decides to insure this applicant, it is after the | | | | policies. My clients are provided with full company |
| company's underwriters look at the case. If the | | | | backgrounds and financial profiles. I deal with |
| client is fully underwritten and passes through | | | | several companies that are in the market to |
| underwriting, then they would have more options | | | | insure diabetics. The reason why I am witholding |
| than just whole life insurance (in the case of | | | | exactly what companies I deal with is because I |
| those who are in need of guaranteed issue whole | | | | want to earn your business and represent you as |
| life insurance). Term insurance, Universal Life | | | | your life insurance agent. Contact Me for a free |
| Insurance, Survivorship Universal Life Insurance, | | | | consultation!By: Ashley Brooks, CLTCAshley is the |
| and regular Whole Life Insurance would be | | | | marketing vice president for the Family Life |
| available to these applicants that are fully | | | | Insurance Brokerage Business and has a |
| underwritten.When evaluating a client with | | | | background in Health & Financial Underwriting, |
| diabetes, the underwriters at the insurance | | | | Insurance Plan Design, and "best deal" shopping. |
| company take into account whether the client is a | | | | Brokerage Services carries only A rated (or |
| type one diabetic (type I diabetic, type 1 diabetic, | | | | better) companies in their product portfolio and |
| type 1 diabetes, type I diabetes) or a type two | | | | has been serving the needs of Independent |
| diabetic (type II diabetic, type 2 diabetic, type 2 | | | | Insurance Agents since 1977.More Information |
| diabetes, type II diabetes). Another thing that the | | | | about Life Insurance For Diabetics and |
| underwriters look at is whether the client is a | | | | Diabetic Life Insurance.Get a free Life Insurance |
| juvenile onset diabetic or an adult onset diabetic. | | | | Quote at my website, designed exclusively for |
| And yet Another determining factor is the | | | | those searching for a free, online life insurance |
| Hemoglobin A1C level (this is a more | | | | quote. |
| comprehensive test, showing the blood sugar | | | | |