Why Is It So Hard to Get This Life Insurance?
Why Is It So Hard to Get This Life Insurance?
You may have heard it before. Why wont they insure me or my spouse or my friend just becauseof diabetes? here you have a diabetic who is in general good health, exercises, has no other health issues and yet cannot get decent lief insurance. The problem is, they don't take their meds or height and weight is high or they had a triple by-pass a few years ago.... You see, when insurance companies hear the word diabetes, unlike what some may think, they don't automatically decide to just say forget it - we can't insure him or her. If they ever do, it's time to call someone else. Insurance companies, take on a more holistic approach. Really! You see, if a diabetic goes to the Dr., the Dr. may say, "well, your diabetes is in check, go home and enjoy your life". The insurance company is going to look at the whole body, not just the diabetes.
Also, the insurance company will want to know about your other health issues, your height your weight, your everyday activities (are you still working or active in some other activity?), your personal interest in your health (do you take your meds?), your heart or other organs health history... Unlike what some may think, they are not looking at all that to see if they can decline you or charge you as much as possible. It is actually the opposite, they do want to approve you and approve you are the best possible rates. You don't have to take our word for it, just speak to an underwriter and you will see. the question really is not what are they willing to do for you but rather what are you willing to do for yourself. In other words, take care of yourself. If You are too heavy, lose weight. If the Dr. says eat more veggies, then eat more veggies (there are plenty of delicious recipes that do not include fatty foods like fries and burgers). If you smoke, quit...Of course, when you finally approach the insurance company to apply for life insurance, be ready for a bit of an uphill effort. That effort will be well worth it. There is an order of risk though. In other words, if you take insulin you may be considered a bigger risk than if your diabetes is controlled by pills or diet. When the diabetes was diagnosed can also be a big factor - such as juvenile diabetes.
What plans are available to diabetics? The answer simply is all of them. If you can qualify for term life insurance then you can qualify for any other type of life insurance plan. It is worth noting that if your diabetes is such that you are declined or highly rated (charged more) for a term life insurance, it is possible that you will do better with a whole life or universal life insurance.
When it is time to apply, no mater what your past or present health condition, always give the insurance company as much information as possible about your health history and yourself in general. You may have heard others say to just give the insurance company as little as possible but that is counter productive. First of all, they are likely to find all the information you are hiding and some you don't even know about and second of all, if you give them all you know or can remember about your health history, they are more likely to trust you and make an effort to even bend the rules a bit at times.
Once they have your application, an exam may be needed. Particularity, if you are applying for a larger amount ($500,000+) or you just want to get the best price possible. When the nurse calls to set an appointment, it is important to mention to the nurse that you are a diabetic. She may suggest certain tips to make your exam results come out better. You certainly want to make sure that, if you can, you measure your blood sugar the day before and the day of the exam to make sure it is within normal reading.
So you see, if you are a diabetic in need of life insurance, it is not only possible to get approved but even get approved at good rates. As we always say in all of our articles...ask, ask and ask again as many questions as you need to. Be well. Some Popular Centers of Clubbing and Nightlife in Athens AARP term life insurance Understanding When To Consult A Life Insurance Lawyer Life Insurance Basics Types Of Life Insurance Policies The Secret to a Life of Success and Fulfillment The Easy Way To Affordable Life Insurance With Terms OF Ca Life Insurance Procedure Your Waiver of Premium Life insurance coverage Rider Various Life Insurance Choices Top 10 Life Insurance Companies Securing Life Insurance through a Discount Broker Aron Ralston's Real Life and Close Death Experience