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New Life Insurance Diabetes Guidelines for 2016

by Scott G on October 30, 2012

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Great news for people who are being treated for Type II Diabetes and looking for better life insurance rates

There are new underwriting guidelines for diabetics seeking to purchase life insurance.  Some companies are now offering regular-non-diabetic life insurance rates, especially for recently diagnosed, Type II Diabetics.

A highly rated insurer, and part of one of the World’s largest insurance organizations, is now offering the Standard Rate Class to diabetics; who are over 40 years of age and the duration of the Type 2 Diabetes is 5 years or less, with an A1C reading of 7.0 or lower (with a blood sugar reading of 140 or below).  This is great news for Type II Diabetics looking to purchase life insurance or replace their current policy.

In determining your rate with Type II Diabetes, insurance companies are going to look at; age of diagnosis, current age, and current A1C (blood sugar) reading.  This is in addition to the other underwriting factors such as; build, health and lifestyle.

Improved Diabetic Life Insurance Eligibility

 

Also, another huge break for life insurance shoppers is the eligibly guidelines have been relaxed.  Now someone with an elevated A1C reading may still be eligible for life insurance.  For example, a 60 year old diabetic, with an A1c reading of 8.5 or lower, and who has been diagnosed with diabetes for within the past 5 years, may still be eligible for the Standard Rate Class.

Life insurance premiums for diabetics can get expensive.  Contact me using the form on this site or give me a call and I will shop your case around to make sure you don’t overpay for life insurance.

 

 

*The information in this article is for informational purposes only and is not a guarantee of rates and insurability.  Rates and eligibly are subject to the underwriting guidelines of the insurance companies and state in which you live.  Please visit the Disclaimer tab for more information.

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