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Diabetics in 2016 Can Now Obtain the Same Life Insurance Rates as the Average Citizen

by Scott G on December 24, 2012 · 1 comment

Post image for Diabetics in 2016 Can Now Obtain the Same Life Insurance Rates as the Average Citizen

Recent changes to the underwriting guidelines, for a select number of life insurance companies in 2016, has allowed those with well controlled type II diabetes to be approved at the same rates given to the standard applicant.  This is a monumental shift in life insurance underwriting for those who qualify. 

What has changed in 2016?

In years past, obtaining life insurance with diabetes has often been a nightmare.  Not only would the underwriting process take forever, but the rates were exorbitant.  On top of that, many companies have very strict underwriting guidelines which would cause certain applicants to be declined.  Fast forward to 2013, now there are a select few number of A+ rated companies that realize with the advancements in medicine, diabetes is no longer the risk it once was.  This equates to better underwriting and rates for those with diabetes, finally.   

What is the underwriter looking for?

While the insurance company is going to look at many factors to determine your rating class, there are certain criteria the underwriter will look at to assess your rate with diabetes:

  1.  Your current age.
  2. Current A1c and blood sugar reading.
  3. Duration of Diabetes.
  4. Current height and weight.
  5. Any other significant health problems.

For those forty and older, and the duration of the type 2 diabetes is less than 5 years with an A1c less than 7.0, and blood sugar reading of 140 or less, may now qualify for the same rate of the average American. 

What about treatment options?

These new guidelines are available for type 2, adult onset diabetes.  Even if you are being treated with insulin, oral medications and or diet and exercise these new guidelines will apply. 

What if I have type 1 diabetes or was diagnosed at a young age?

If you were diagnosed with diabetes at a young age, are currently overweight, have type 1 diabetes, have an elevated A1c, or the duration the diabetes has been for an extended period of time,   may qualify for life insurance, just at a rate higher than that of the average American.

Sample Rates

A 50 year old male with type 2 diabetes, diagnosed 4 years ago, last A1c was 6.5, takes Metformin, with average build, no other major health problems can qualify for $250,000, 10 year level term life  = $67.19 month

A 60 year old male with type 2 diabetes, diagnosed 8 years ago, most recent A1c was 6.8, takes Metformin, average build, no other significant health problems can qualify for $250k, 10 year level term life insurance = $154.94 month


This is an enormous step forward in diabetic underwriting.  Well controlled type 2 diabetics can now qualify for the same standard rates as the average American.  However, most companies have not yet made this change, only a select few have, so most American will end up overpaying for their life insurance in 2013 unless they choose the correct company or agent.   Use the quoting engine on this site to determine your rate.

*Rates as of 12/24/2012 at the standard rating class. The information in this post 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.

Sunshine January 21, 2013 at 6:45 pm

Approximately 8.3% of the U.S. population has some form of diabetes,If your diabetes is generally under good control, you can expect plenty of offers and reasonable rates for life insurance with diabetes. The time that you were diagnosed with the condition is also important to insurance carriers. If you were diagnosed as an adult, you can expect better rates. Insurance companies also prefer diabetics who have not had the condition very long.

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