Type 1 Diabetes Life Insurance
If you have Type 1 Diabetes and are looking for Life Insurance then you will need to know about your condition to get the best possible premiums. Some insurance providers are particularly good for Type 1 Diabetes Life Insurance and will offer very competitive rates. The life insurance premiums you pay for Type 1 Diabetes will depend on a number of key factors.
How Type 1 Diabetes Life Insurance works:
Life insurance for people with Type 1 Diabetes will depend on underwriting and criteria is based on a number of key indicators, such as:
- Hba1c reading (within last 6 months)
- Control of Diabetes
- Medication levels (Insulin)
- Date / Age at diagnosis
- Diabetes complications
The Insurance Surgery is a leading life insurance expert for people with Type 1 Diabetes and other pre-existing medical conditions. Speak to one of our expert Type 1 Diabetes life insurance experts to find out which insurer is best for you and save money on your premiums.
Most Common Questions:
Is it easy to get Life Insurance with Type 1 Diabetes?
Life insurance for Type 1 Diabetes can be fairly simple to get as long as your condition is well managed and there are few or no Diabetes complications. Some people with mild to moderate Type 1 Diabetes can find that life insurance rates can be as low as standard rates or just a small premium loading. For more severe cases where there are serious complications you may find that life insurance for Type 1 Diabetes will either be heavily loaded or even declined.
Can I get any other life insurance products with Type 1 Diabetes?
Generally life insurance is the only product available for someone with Type 1 Diabetes and currently products such as critical illness cover, income protection or private medical insurance. Life insurance is easier to underwrite for conditions such as Type 1 Diabetes but the additional health risks mean that other products that pay out on diagnosis on illness are currently unavailable.
Who offers the lowest life insurance premiums for Type 1 Diabetes?
Type 1 Diabetes life insurance underwriting is constantly changing and evolving which means that insurance providers will usually switch positions in terms of who is cheapest for Type 1 Diabetes. If you already have a life insurance policy and have Type 1 Diabetes then it is always worth reviewing your cover, especially if your health has improved. The Insurance Surgery will review your Type 1 Diabetes life insurance every year with our free Annual Review Service to make sure that your premiums remain low.
Guide to Type 1 Diabetes Life Insurance
Type 1 Diabetes Life Insurance
For someone who has been diagnosed with Type 1 Diabetes and looking for life insurance, results can vary dramatically from one insurance provider to another provider. Some insurance providers can even offer life insurance premiums for Type 1 Diabetes with no premium loading so can be offered at standard rates. Usually for a Type 1 Diabetes life insurance application it will require either a medical screening, GP Report from your doctor or a specific report from your Diabetes specialist.
Life insurance for anyone with more severe Type 1 Diabetes can be restrictive due to the additional health risks relating to the condition, such as:
- Heart disease / Stroke
- Foot ulcers / circulation problems
- Kidney conditions
- Nerve damage
- Eye problems (Retinopathy)
Certain additional factors mean that life insurance will be restricted for someone with Type 1 Diabetes, including someone who has had a heart attack, on dialysis or smokers.
Type 1 Diabetes Critical Illness Cover
Unfortunately Type 1 Diabetes critical illness cover is not available through any insurance provider, however this may change now that more companies will consider critical illness cover for Type 2 Diabetes.
The Insurance Surgery as a leading life insurance specialist for pre-existing medical conditions, is constantly campaigning for more products to become available such critical illness cover for Type 1 Diabetes.
Type 1 Diabetes Income Protection
Income protection for Type 1 Diabetes is also currently not available which is the same as critical illness cover (above).
For more information about Diabetes, visit our Diabetes life insurance page.
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