Can You Get Life Insurance If You Have Diabetes

Diabetes is a life-threatening condition when not managed well. Those with Type 1 or Type 2 diabetes may be at a higher risk to develop health complications. Some people have a shorter lifespan as a result of this condition. From a life insurance point-of-view, insurers may be willing to offer some help to you for coverage. However, you may pay a bit more for this insurance. Here is what you should know. 

Know the Risks of Diabetes 

What You Can Expect from Your Insurance Company 

Millions of people have diabetes. Many of these people are still able to obtain life insurance policies. The key here is control. Many insurance companies want to know that your condition is under control. More specifically, they like to know that it has been for a period of 6 to 12 months. Once this occurs, you may notice your ability to get coverage is better. 

Keep in mind you may still pay a higher rate for coverage than someone without any ailments. Insurers must consider these risks to determine what your costs are. You can work with your insurer to ensure they update your rates as your condition improves. For example, if your A1C, the most common test for measuring the health of a person with diabetes, stabilizes, let your agent know. That may help you to see a lower insurance rate over time. 

If you have diabetes, it is still worth applying for life insurance. Your agent likely needs some information from you. They may require a blood test to determine what your A1C risks are. And, from there, they can offer you policy options to choose from even with your condition. Keep your insurer up to date about changes, too. This can change your coverage options.