What is Type 2 Diabetes?
Type 2 diabetes is a typically referred to as adult onset diabetes. When you have Type 2 Diabetes, enough insulin is not produced by your body. Most type 2 diabetics need to take some type of oral medication to treat their diabetes.
Life Insurance Underwriting and Type 2 Diabetes
InsuranceGlobe.net understands what information life insurance underwriters are looking for when it comes to Type 2 Diabetes and we know which life insurance companies have a tendency to make a better offer on a Type 2 Diabetic. By the same token, we know which companies to avoid if you have Type 2 Diabetes.
Some of the things that life insurance underwriters will want to review if you have Type 2 Diabetes will be your diabetes medications, your current diabetes info like your HbA1C, diabetes history and overall health. In addition, they will look for any history of Proteinuria as part of underwriting.
We will take to get all of the pertinent information about your Type 2 Diabetes history, any medications you are taking and in addition we will pay attention to any positive factors that might help you get a better rate on your life insurance policy.
We will also ask you additional life insurance underwriting questions that we know life insurance companies will be looking for in order to get you the best chance at getting the best and lowest rate on your life insurance policy. We know that life insurance underwriters will be looking at your overall health history not just your Type 2 Diabetes history.
Rest assured, if your Type 2 Diabetes is controlled, we have life insurance companies that will offer you competitive rates on your life insurance.
Is Your Type 2 Diabetes Well Controlled?
Life insurance underwriters will pay particular attention to how well controlled your diabetes is. The most important indicator they will look at is your HbA1c level. Your HbA1c measures your control over a period of time.
Best Scenario – If your HbA1c is less than 7, you have no complications from diabetes, well controlled cholesterol and blood pressure, good height and weight, exercise regularly, eat healthy and follow your doctor’s orders including taking all medications as prescribed.
Average Scenario – HbA1c between 7 and 9, you have neuropathy or retinopathy, slightly overweight, varying history of diabetes control.
Worst Case Scenario – HbA1c is 9 or greater and in addition you suffer from one of the following – stroke, kidney problems, vascular disease, heart attack or severe neuropathy. If you smoke or are overweight in combination with type 2 diabetes, this will severely hurt your chances of getting a good rate on your life insurance.
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