It’s important to get the very best protection for your family so that they’re protected if anything happens to you. Life insurance gives you peace of mind that they won’t suffer financially in the future, regardless what life throws at you. People with diabetes are often put off applying for life insurance because they don’t think it’s available or they think it’s too expensive. Don’t let others put you off applying for life insurance and speak to one of our diabetes life insurance experts to see how easy it can be. We work with the UK’s top experts and they are the very best people to help you to find the best cover for you and your family. We aim to save you money by searching the market to find the best insurance provider for you. Compare quotes and get the right diabetes life insurance policy for you.
What is life insurance?
Life insurance will pay out a lump sum or regular amounts on the death of the person covered by the policy. The benefit (payment) pays out to your family or dependents to support them financially after you have passed away. The pay out that they will receive will depend on how much cover you take and what type of life insurance policy you purchase.
How to get life insurance with diabetes
Getting the best cover to protect your loved ones and your home is an extremely important financial decision. It’s important to make sure that you speak to someone who understands about diabetes and can get you the best cover at the right price. Our team of diabetes life insurance experts has over two decades of experience in helping to protect families like yours. We make it simple to compare life insurance from all of the UK’s top insurers. Here we’ll explain how life insurance for diabetics works, including:
- Getting the best cover for your family
- Save money on your premiums
- Understand how life insurance for diabetics works
- Help save you time and hassle
There are lots of things to consider when looking for life insurance with diabetes or any other medical condition. The most important thing is to make sure that you speak to an expert who understands your situation and can help you to get the best cover.
Types of diabetes and life insurance
There are two main types of diabetes (type 1 and type 2) as we know and some less common types of diabetes which are all coverable with life insurance. The main types of diabetes life insurance include:
- Type 2 diabetes life insurance
- Type 1 diabetes life insurance
- Gestational diabetes life insurance
- Latent autoimmune diabetes life insurance
- Neonatal diabetes life insurance
You should be able to get life insurance for most types and severity levels of diabetes as long as you get expert advice from a specialist.
Does life insurance payout for diabetes?
Yes – if you take out a new or have an existing life insurance policy then you should be covered for death related to diabetes. It is less likely that diabetes will be fatal in most cases but there are risks that it can cause severe and life threatening complications. Diabetes has been shown to affect life expectancy. You mustdisclose your diabetes on your life insurance application and make sure that you answer all questions truthfully. If you don’t have the information then your GP can provide you with it or the insurer can write to your GP directly.
Best life insurance for diabetics
There are lots of options when it comes to getting the best life insurance for diabetics even though the cover is quite simple. Some of the main cover options that are available include:
- Family life insurance
- Mortgage life insurance
- Family Income Benefit
- Accidental Death and Personal Accident
- Guaranteed life insurance
- Whole of life insurance
- Business life insurance
The best life insurance policy for you will depend on your circumstances and what it is that you would like to protect (e.g. family, home, or business).
Can diabetics get life insurance?
Yes – if you have been diagnosed with diabetes then you should be able to get some life cover to protect your family. The best cover for you will depend on your own situation and how well your diabetes is controlled. Most people with diabetes are able to get standard life insurance through the main life insurance providers. Our life insurance partners include:
- Aegon
- AIG
- Aviva
- Blueberry Life
- Canada Life
- Exeter
- Legal & General
- LV=
- Royal London
- Vitality
- Zurich
There are also specialist providers and policies that we have that may be more suitable and more affordable for you depending on your circumstances. One of the main areas that insurers will want to know about is your current Hba1c (blood glucose) levels to understand your diabetes control.
| Levels | mmol/mol | Percentage (%) |
|---|---|---|
| Low (Well controlled) | Below 53 | Below 7.0 |
| Moderate (Normal control) | 54 to 74 | 7.0 to 8.9 |
| High | 75 to 85 | 9.0 to 9.9 |
| Very High | Above 86 | Above 10.0 |
Cheap life insurance for diabetics
There are many ways to manage the cost of your life insurance premiums and some extra things to consider with diabetes. You can easily reduce your premiums by following some quite simple steps, such as:
- Age: take out life insurance cover when you’re younger because premiums will be lower and you will generally be in better health
- Smoking: non-smokers will naturally pay less for life insurance than smokers, who will pay higher premiums, and this is especially true for people with diabetes
- Get expert advice: speak to a diabetes UK life insurance expert or specialist who has relevant experience and expertise
- Compare insurers: some life insurance companies are far cheaper than others and especially for people with diabetes, so it’s important to apply to the right provider
- Find affordable cover: you can get lower premiums with some cover options that might be more suitable for your budget
The main thing for life insurance is to make sure that your cover is suitable to protect your family and affordable now, and in the future.
Does diabetes affect life insurance?
Life insurance is exactly the same whether or not you have diabetes or any other pre-existing medical condition. Your life insurance policy will pay out a lump sum upon your death to your family and loved ones to help them financially when you can no longer provide for them. A standard life insurance policy does not exclude any pre-existing health conditions and so won’t be any different because of your diabetes. Some of the main things that can affect your life insurance premiums with diabetes are:
- Your age
- Whether you smoke
- How well controlled is your diabetes (Hba1c readings)
- Any diabetes complications (e.g. retinopathy, neuropathy, etc.)
Your diabetes life insurance premiums will be based on your own situation and can be tailored to suit your budget and needs.
Medical conditions linked to diabetes
Some of the common disclosures that we see with life insurance for diabetics include:
- High BMI (commonly linked to Type 2 Diabetes)
- High blood pressure
- Raised cholesterol
- Cardiovascular disease
- Heart attack
- Stroke
- Retinopathy
- Neuropathy
- Nephropathy
- Amputation
- Gum disease
- Cancer(s)
Diabetes if not properly managed can lead to a number of health complications. Chronic, high blood glucose levels over time can can cause serious issues if not properly treated. To avoid this, try and keep your blood glucose levels in range for as long as possible.
