Of that 30.3 million Americans, more than 23 million had been diagnosed to have either Type I or Type II diabetes – but 7.2 million were living with diabetes and didn’t even realize it yet.
This dangerous, debilitating, and deadly disease is also the seventh leading cause of death in the United States. More than 80,000 death certificates in 2015 listed diabetes as the cause of death and over 250,000 death certificates in the US had diabetes as an underlying or contributing cause to an individual’s ultimate demise.
Diabetes has become a costly epidemic for American seniors. The cost associated with diabetes are many and can quickly drain your retirement savings – which is why it is so important to protect the financial future of your loved ones with the proper life insurance policy.
Yes, It’s Possible To Get Life Insurance For Diabetics Type 1 or Type 2.
You wouldn’t be the first person with diabetes to fall prey to the misinformation out there, telling people just like yourself that it’s impossible to get life insurance while living with a serious disease such as diabetes.
You Have Options
Regardless of whether or not you are living with Type I or Type II diabetes, you have life insurance options. And those options aren’t as complicated as you might think. Senior diabetics actually have multiple options available depending on your age, coverage amount, and severity of the disease.
Even those that are insulin-dependent can find affordable coverage that’s easy to qualify for. There are several top providers that specifically tailor life insurance policies to those with medical conditions like diabetes.
Best of all, if your health is particularly poor or you just want the easier way of obtaining your policy then there are plans that you CANNOT be turned down due to your health. This includes diabetes of all severities. These policies have zero health questions and can quickly provide a financial safety net for your family without the hassle or medical questionnaires. Life insurance is a tool that millions of diabetic seniors use every year to protect their families.
You may not be able to eat as many sweets as you like due to your diabetes but you condition certainly won’t hold you back from protecting your family financially after you pass. The right life insurance policy can make everything a whole lot easier moving forward.
Qualifying for life insurance as a senior diabetic
Believe it or not, the process for getting life insurance – final expense whole life insurance or guaranteed acceptance life insurance for diabetics, in specific – is a lot easier and straightforward than many people think it to be.
You’ll be asked a handful of questions about your medical history (including when you were diagnosed, the type of diabetes you were diagnosed with, and how you are controlling your diabetes). Type I diabetics will find the process to be a bit involved on the medical history side of things, whereas Type II diabetics – particularly if they have been controlling their diabetes for longer than six months with insulin (or through their diet and exercise habits) – will have a bit of an easier go.
The odds are also good you’ll be asked questions about how long you have diabetes under control, particularly regarding:
- The A1C level you test at consistently (ideally it will sit in the sixes) and
- The blood glucose levels you have when you are fasting (ideally under 100)
These two factors, along with the age of onset of your diabetes, will play the biggest part in determining the ease of you receiving life insurance for diabetics. Remember, you CANNOT be turned down – but you may have to jump through a handful of hoops to get the best insurance rates depending upon the details we highlighted above.
How Can Life Insurance Help Out Diabetics?
There are a variety of different ways that final expense whole life insurance and guaranteed acceptance life insurance are able to make life as a diabetic senior a lot easier.
For starters, you’ll never again have to worry about placing ANY financial burden on your family or your loved one when it comes to funeral costs, medical bills, and other end-of-life expenses. ALL of these expenses will be handled by the right life insurance for diabetics plan.
Secondly, you won’t have to worry about stressing out to your family, your loved ones, or your bank account when it comes to better managing your medical expenses as a senior living with diabetes. The right guaranteed acceptance life insurance plans is going to provide plenty of coverage that you will be able to take advantage of almost right away, making life a lot easier and a lot less stressful, all at the same time.
At the end of the day, the best life insurance for diabetics is a policy that isn’t just going to handle the financial expenses inevitably incurred when you’re living with a disease like this.
The right life insurance plan is going to give you the peace of mind you deserve to know that everything is going to be okay and that your loved ones are going to be able to grieve without the added financial pressures. Rid yourself of financial stress and worry today by taking control and securing a life insurance policy. Remember, the longer you wait the higher the rates. Fill out the Quote Form on the page or give our office a call today.
“Many of our clients in San Diego are older adults who want to stay safe and independent in their homes,” says Wayne Keeton of Keeton Handyman Services. “We help with things like installing grab bars, fixing loose steps, replacing light fixtures, and taking care of those everyday tasks that just get harder with time. It’s about peace of mind — knowing someone local and reliable is there when you need a hand.”
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