When you are trying to get a life policy as a diabetic, the process can be tricky. Bad advice abounds, but if you follow some simple steps, you can almost always get coverage issued.
If you have no insurance now, be careful about taking a medical exam. Why? Because you need to get insurance in place for your family. Unless you know exactly what the nurse is going to find when testing your blood and urine, I’d avoid policies that require a paramed exam. You don’t want the paramed to be your first physical exam in 3 years. If they find something new in your health, it may ruin your chances for getting anything at all. Remember what you are trying to do. Everyone wants a good deal, but this is about your family and they need the coverage. You may need to take a bit less than you originally wanted, but it’s better than nothing isn’t it? Get a policy in place first and then shop later for better rates. Make sense?
So what do you do? Find an agent who specializes in life insurance for diabetics. They will know what companies offer underwriting and policies that will maximize your chances of getting approved. Once your policy is in place, your agent can get more aggressive in finding something that is better priced or has a higher face amount.
For more information or to speak with one of our Life4Diabetes specialists, please fill out our quote request form.