Diabetes-symbolYes, you can life insurance if you have diabetes. While diabetes can affect your ability to get the lowest rates, there are several options open to you. It is important to know that not everyone that has the disease will pay increased premiums. If you want to know what your rates would be, here are approximate rates for non-smokers – males and females and for smokers – males and females.

Four factors that impact life insurance rates if you have diabetes

A tailored quote for life Insurance with diabetes
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If you have diabetes, your life insurance rates will typically depend on the following four factors and be classified either as light, average or serious:

  1. Well controlled blood sugar: Life insurance for people with diabetes is easier to obtain if your blood sugar is controlled. You can prove how well your sugars are controlled through a glycohemoglobin test or other measurements performed by your doctor.
  2. Insulin dependency: In some cases, you can control your blood glucose levels through a combination of meal planning and physical activity. Not only will this greatly improve your health, you’ll save financially too since diabetics that are insulin-dependent have higher premiums.
  3. Being older: Age is usually seen as a risk factor for insurance companies, but not when it comes to life insurance for people with diabetes! The older you are, the more it shows you have the disease under control, and insurance companies like that.
  4. Desired insurance product: There are several insurance products that are geared towards life insurance for people with diabetes. Simple or guaranteed issue policies, for example, are specifically designed to cover people with pre-existing conditions and certain illnesses. If you need life insurance, going for one of these policies over a traditional policy may increase your chances of getting coverage. We’ll explore simple and guaranteed issue in greater detail below.

Approximate life insurance rates for non-smokers with diabetes

shugar-meterAn overview below shows the approximate rates for non-smokers. There three different rates depending on how serious your diabetes pre-condition is. This example is shown for a Term 20 Life Insurance policy (with coverage of $200,000).
If you want to get a life insurance quote tailored to your particular situation, get a free, no-obligation quote by filling out a form on the right side of the screen.

 
Male, 35 years old
Female, 35 years old
Light pre-condition
$22
$18
Average pre-condition
$43
$34
Serious pre-condition
$62
$49
 
Male, 50 years old
Female, 50 years old
Light pre-condition
$73
$52
Average pre-condition
$143
$102
Serious pre-condition
$205
$146

Approximate life insurance rates for smokers with diabetes

An overview below shows the approximate rates for smokers. There three different rates depending on how serious your diabetes pre-condition is. This example is shown for a Term 20 Life Insurance policy (with coverage of $200,000).

 
Male, 35 years old
Female, 35 years old
Light pre-condition
$46
$35
Average pre-condition
$90
$68
Serious pre-condition
$130
$97
 
Male, 50 years old
Female, 50 years old
Light pre-condition
$184
$105
Average pre-condition
$359
$205
Serious pre-condition
$515
$294

An experienced insurance broker will help you get a life insurance quote for your diabetes case. This broker has an extensive experience of working with insurance companies specializing on insurance coverage for people with diabetes.