In America, if you have diabetes you can purchase a life insurance for diabetics very easily. If you have diabetes in control then you can get very cheap life insurance. A question pops up in the mind that why there is need of separate Life Insurance for Diabetes? The answer to this question is in the stats you will see below. The statistics show that:
• About 8.4% population of America (nearly 26 million people) have diabetes
• About 7 million people have not been diagnosed yet
• 19 million people in America have been diagnosed with diabetes
What is Life Insurance for Diabetics?
Life Insurance for Diabetes is a type of life insurance which requires criteria on medical basis to be fulfilled. If you are a diabetic then the insurance company will confirm about your condition of diabetes. In order to do so you will be asked to go through a medical exam probably. All the insurance companies offer Life Insurance for diabetics but only few will approve because of high risk. But if your condition is well under control then you will possibly get the insurance.
You must choose the company very carefully because if you are rejected once then it will be very difficult to get the insurance anywhere as you have to tell them that you have been rejected once.
Price of Life Insurance for Diabetics
Price of this type of life insurance is normally higher than to normal life insurance. The cost of your premiums depends upon how you are rated by your company. The rating is based on factors such as, type of diabetes, family history of health, age, medical history, when you were diagnosed, sugar level, medicines that you are taking, height, weight and other risk factors. Normally worth of type 1 diabetes is much low than the type 2 diabetes but after all it all depends on your control over diabetes.
How to Get Best and Affordable Life Insurance for Diabetics?
The most appropriate way to get best and affordable life insurance for diabetics is to find a company which is known as specialist for the high menace life factors. As mentioned above that if you are living a healthy life and have your diabetes under control then you can get the most affordable life insurance. Do not go to the agent of a specific agent. Consult with an independent agent who has multiple options for you.
The best life insurance for diabetics can be defined as, the life insurance that is financially perfect for you and according to your resources. The first priority should be to fulfill the needs of yours. Following are the options for a diabetic:
• Term Life Insurance
Term Life Insurance gives death benefit only if you die within the term of your agreement.
• Permanent Life Insurance
Permanent Life Insurance is the best possible option as it is for lifetime. For more details about these click Types of Life Insurance.
Find an independent agent to get multiple quotes so that you will have more options rather than going just for one company.