Life Insurance For Diabetes

Diabetes is a chronic disease that results in high levels of glucose in the blood , referred to as " high blood sugar " levels. The report mentions the Canadian Diabetes Association , there are currently more than 9 million people have Diabetes.
There are three types of Diabetes, namely :
1 . Gestational diabetes
2 . Diabetes Type 1
3 . Diabetes Type 2
Gestational diabetes or gestational diabetes often occurs in women who are pregnant . Gestational diabetes usually resolves itself after delivery. Type 1 diabetes is the most feared disease . Type 1 diabetes is caused by damage to the pancreas that make the body can not produce insulin. Type 2 diabetes is a type of diabetes that is most common because it is caused by insensitive and rejection of pancreatic insulin produced by the body so the sugar stays in the blood.
How diabetes effects the life insurance application ?.
The term " underwriting " refers to the investigation of the health and lifestyle of the insured by the insurance carrier (determining both eligibility and rates).
Causes of Underwriting
The main factors that underwriters will look / review when underwriting life insurance applications from people with diabetes :
1 . the age of the applicant
2 . weight and height
3 . When diagnosed with diabetes (ie the person's age when diabetes is detected)
4 . Diabetes type (I, II or pregnancy)
5 . The number and type of treatment
6 . Medication ( s ) taken
7 . Degree of control over blood sugar levels
9 . Each complications such as neuropathy (kidney disease), retinopathy, or cardiovascular disease
10 . Applicant blood pressure
Application requirements
People with diabetes who apply for life insurance must file a Statement of Physician
How to Speed Up Application
To expedite your life insurance applicationshould have the following ready :
1 . Age when diabetes is diagnosed
2 . Contact details of your doctor while doing maintenance.
3 . High or low blood sugar levels after treatment begins
4 . Copies of any and all blood tests ( hemoglobin A1c test is important )
5 . Full details of how the risk factors were reduced ( eg diet, exercise, etc. )
Underwriting Decision Likely
The best possible decision underwriting results for applicants with type 1 diabetes are :
If diabetes is well controlled so that no complications then expect 200 % premium ( default premium 2X ) . But , if the diabetes is not well controlled , causing major adverse complications than hoping to be rejected.
The best possible decision underwriting results for applicants with type 2 diabetes :
If diabetes is well controlled so that no complications then the applicant will probably get the standard rate (no increase) . Usually most of the applicants with type 2 diabetes was assessed at 150 % of the standard rate. If diabetes is not well controlled then the applicant may be denied for coverage .