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Type 1 Diabetes Life Insurance

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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.

Case Study 1

  • Client: Female
  • Age: 51
  • Smoker status: non-smoker
  • Type of diabetes: Type 1
  • Cover date: Jan 2019
  • Product type: Life Insurance
  • Cover amount: £20,000
  • Cover term: 25yrs
  • Premium: £12.98

We we’re approached by this lady on the 22nd January 2019 after she completed an application through Diabetes.co.uk for diabetic life insurance. Upon receiving this, our advisor Suzie then called her to talk about her medical issues and life insurance needs; this is where she explained that she already had cover with a different company but was looking for cheaper cover. She then explained that she needed £20,000 over a 25-year period; and was a type 1 diabetic non-smoker with a HBA1C reading of 8.6. Due to the fact that she was a non-smoker, with a reasonable HBA1C reading, and the fact that she only needed a relatively small amount of cover, we are able to secure her diabetic life insurance for £12.98 per month with one of our mainstream insurers on the 24TH January 2019. We later offered her the option of using our free trust service to put her policy in trust, meaning that upon her death the policy will pay out quicker, to the intended beneficiaries and will help to avoid inheritance tax, which she chose to use. Overall, we were really pleased about being able to secure diabetic life insurance for this lady as it has really helped to take a weight off her shoulders as it is cheaper as her previous policy. Furthermore, we were also pleased to help another customer as we are passionate about protecting families and we want to ensure that we can help as many people as we can have peace of mind and get the required protection that they deserve.

Case Study 2

  • Client: Male
  • Age: 38
  • Smoker Status: Non-Smoker
  • Type of Diabetes: Type 1
  • Cover Date: November 2015
  • Product Type: Level Term Assurance
  • Cover Amount: £150,000
  • Cover Term: 20 years
  • Premium: £34.68

Treatment Type - Insulin

Case Study 3

  • Client: Male
  • Age: 45
  • Smoker Status: Non-Smoker
  • Type of Diabetes: Type 1
  • Cover Date: October 2015
  • Product Type: Level Term Assurance
  • Cover Amount: £120,000
  • Cover Term: 22yrs
  • Premium: £24.16

Treatment Type - Insulin


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Being a type 2 diabetic trying to find life insurance to cover my Mortgage was a nightmare until I came across The Insurance Surgery, Customer service was excellent and they found me a great deal compare to the other quotes I had been given. use with confidence AAA+ Service 4.8

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