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High BMI and Overweight life insurance during COVID-19

High BMI and Overweight life insurance during COVID-19

One of the most commonly linked health problems with higher risks of serious illness from COVID-19, is high BMI and Obesity. There has been several major studies which have shown that people with a BMI of over 35 are 40% higher risk of death due from COVID.

There are currently some issues with life insurance underwriting in the UK and globally due to the current pandemic. Most insurance providers in the UK have restricted there limits so are currently only offering cover up to certain levels.

At iam|INSURED, we’re experts in helping people with medical conditions and health issues to get life insurance at a fair price. Our team of expert advisers speak to literally thousands of people every month to help them to protect their families.

COVID-19 has caused insurance providers to impose extra underwriting restrictions which includes BMI levels. We are constantly reviewing the situation and working with our partners which includes some UK’s top insurance brands.

High BMI (body mass index) and Obesity statistics in the UK

Obesity and high BMI is one of the most common health risks in the UK which is also the most common health disclosures in life insurance.

Facts and figures:

  • 62% of the UK population is overweight
  • 58% of women and 68% of men are overweight
  • Almost a quarter (25%) of UK adults are classed as obese
  • The UK has the highest obesity rates in Europe
  • Around 30,000 deaths in the UK are weight related

What is classed as overweight or obese in the UK?

Weight classification in the UK is linked to Body Mass Index (BMI). Although this is not the most reliable method of calculating a person’s health, it does provide a good indication.

Example: A body builder or rugby player can be healthy and athletic but have a high BMI due to their muscle mass

BMI calculator:

Current BMI categorisation in the UK according to the NHS are:

  • Underweight: Below 18.5
  • Healthy weight: 18.5 to 24.9
  • Overweight: 25 to 29.9
  • Obese: 30 to 39.9

How has COVID-19 affected Obesity and High BMI life insurance?

There have been a number of studies which clearly link high BMI and obesity with serious illness or even death from COVID-19.

Previously, in life insurance in the UK, it has been possible to get cover with a BMI of over 50 from a select group of insurers.

BMI limits for life insurance before COVID-19:

  • Standard life cover: 50
  • Specialist life cover: 55

Current BMI limits for life insurance in the UK:

  • Standard life cover: 40
  • Specialist life cover: 44

What are the health risks for people who are overweight during COVID?

According to recent studies, obesity can increase the risk of death due to COVID-19 by 48%. The study which was carried out by the University of California (UNC) and the Saudi Health Council and World Bank, found that people who were obese were nearly 50% higher risk, which was “scary” a researcher said.

Another study found that people with a BMI of between 35 and 40, were 40% higher risk of death, and those with BMI’s of over 40 were 90% higher risk. This is compared to those who did not have a high BMI.

Other data sources found that 7.9% of critically ill patients with COVID-19 had a BMI over 40, which was compared to 2.9% of the rest of the population.

Medical conditions linked to High BMI and Obesity:

What’s going to happen to life insurance rates for people who are overweight?

The current situation with the pandemic is constantly being reviewed by insurers and by medical experts. We are also speaking to our insurance partners on a weekly basis to find out whether anything is going to change.

The current underwriting guidance is not likely to change for the foreseeable future until the situation with COVID changes. Some insurers are suggesting that they may relax their rules after a 2nd wave or after a vaccine has been released.

What else can I do if I can’t get life insurance currently because of my weight?

There are certain insurance products which are available through iam|INSUREDto help protect your family through this period. It’s our aim to provide some life cover to our customers where possible, regardless of their health.

Some of the other options includes:

  • Over 50’s life cover (if applicable)
  • Guaranteed acceptance life insurance
  • Personal accident (with accidental death)

It’s important to make sure that you’ve got some cover rather than nothing and a lot of these products are cheaper than standard life insurance.

If you’re confused about getting life insurance and don’t know what to do then you can contact one of our experts free on 0800 009 6559

Why have I been refused life insurance and can I still get cover?

What to do if you’ve been declined life insurance in the past

(Author – Daniel Sharpe-Szunko)

A lot of people come to us after they’ve been declined life insurance previously. Nobody likes to be turned down for anything and life insurance is no exception. It can feel demoralising or even offensive if you have a medical condition and you get told cover isn’t available.

There are several main reasons why you might have been declined for life insurance by an insurer. It’s important to remember that insurers are all different so just because you’ve been told no before, that’s not always the end of the road. Feeling annoyed or frustrated is totally understandable and it’s natural to question whether applying again is worthwhile.

Why have I been declined life insurance?

You could have been refused cover for several reasons which are unfortunately quite common. Most life insurance applications are declined because of medical conditions, occupation or dangerous activities.

If you’ve applied for cover in the past and your application was refused, then it might be because of:

  • Insurance advisor might not have the expertise and the skills to find an appropriate or suitable insurer
  • Insurance providers have different underwriting philosophies so some may decline cover where others could accept. Your adviser should be able to identify which insurers are best for each situation and persons circumstances
  • Medical disclosures might be incorrect or inaccurate so it might be that there was a simple error with submitting your application
  • Medical evidence may be requested in some instances which can expose additional elements which can cause concern. It’s important to know what might be on your medical report before applying for cover
  • Timing could be wrong so you might have applied when your medical readings were high or not as well controlled. If you’ve made changes to your lifestyle or treatment which has improved your condition then things will have changed
  • Smoking is sometimes a red flag with life insurance and especially with certain medical conditions, such as diabetes, cardiovascular and lung disorders. If you quit smoking more than 12 months ago then definitely try again
  • Underwriting changes could mean that cover which wasn’t available before has now become available. Underwriting philosophies can and do change so you should keep checking just in case this happens

Does being refused life insurance have any impact on future applications?

You should know that insurers do not share personal information about individuals. The only real reason why being declined cover might have an impact in the future, is if you re-apply to the same provider.

It may just be as simple as you didn’t remember which company had declined you in the past, or you didn’t know who they were. It’s a common and simple mistake so don’t worry if this happens. This happens to lots of people and is certainly not an issue so let someone find the right insurance provider for you.

What are the main medical reasons for declined life insurance?

Some of the main things that could cause a medical decline for a life insurance application are:

  • Recent diagnosis such as cancer or heart attack
  • Ongoing treatment which includes chemotherapy and radiotherapy
  • Combinations of conditions such as Diabetes and Heart Attack
  • Undiagnosed conditions where symptoms are identified
  • Outstanding investigations, results or surgeries
  • Higher than normal results or readings (such as blood sugar, cholesterol or blood pressure)

You should know that there are usually other options and solutions in a lot of these instances so don’t be put off. It might also be a case that cover may not be available now through mainstream insurers but there are other options.

Do life insurance companies share medical information?

The simple answer is no they don’t unless it is agreed by the insurance companies and the applicant. Generally this does not happen more often than not because of the potential issues around data protection and sharing of personal data.

Do I have to pay more for life insurance because I’ve been declined?

Again the answer isn’t necessarily yes and some insurance companies might still offer cover and even be cheaper. Insurance underwriting is a complex calculation which is individual to each company and pricing will vary from one company to another.

If you’ve had a quote from a company in the past then by shopping around and applying to the right insurer, you might still be able to get cover cheaper. Your insurance adviser should help you to find which provider is cheapest and who will accept you.

 

Facts about Diabetes Insurance

Facts about Diabetes Insurance

(Author: Daniel Sharpe-Szunko)
iam|INSURED is the #1 life insurance expert for people with Diabetes Type 1 and Type 2 as well as other medical conditions. Over the past 20 years we’ve worked with some of the UK’s leading insurance and medical experts to help our customers to get the best cover to protect their families and homes.

We’re proud to have been part of several major initiatives and product development forums to help improve diabetes life insurance for our clients. Through our many years of working hard to get people the cover they need to protect their loved ones, we’ve developed an in depth understanding of the condition and underwriting terms. Our management team has also been part of helping to develop new ways to offer cover for people with diabetes which includes life insurance, critical illness cover and income protection.

Our mission is to make sure that people with diabetes are treated fairly and to give you the best cover as well as saving you money. I personally have helped to develop some incredible products for people with diabetes and worked out new ways to help people with diabetes to get life insurance much quicker.

What is Diabetes?

Diabetes is a serious medical condition which has two main types known as type 1 and type 2, but there are also a number of other types of diabetes as well. It is also a chronic condition which means that once you have diabetes then you will generally have it for the rest of your life.

The body normally produces glucose (sugar) which we all need for energy and insulin which is a hormone that allows the glucose to enter our blood stream to fuel our bodies. Glucose which gives us energy is produced when our bodies break down a thing called carbohydrates which comes from the food we eat and what we drink, the glucose then gets released in to our blood.

Our pancreas produces insulin which the body uses to control the amount of glucose that we have in our bloodstream. This process then allows the body to manage how much glucose getting in to our cells, but for people with diabetes this system doesn’t work properly.

Some of the main symptoms for someone with diabetes include:

  • Excessive urination, usually at night
  • More thirsty
  • Being tired and lethargic
  • Weight loss
  • Thrush or genital itch
  • Blurred vision
  • Scars and wounds don’t heal as quickly

Some people with type 2 diabetes live with these symptoms for up to 10 years before they get them checked by a medical professional.

What are the main types of Diabetes?

There are two main types of diabetes as well as a number of other less common and less well known types.

Type 2 diabetes is the most common type which affects roughly 90% of people who have been diagnosed with diabetes in the UK. People most commonly and mistakenly in a lot of cases, associate this type of diabetes with a poor diet, lack of exercise and being overweight. But this is not necessarily the case as type 2 diabetes can develop for a number of different reasons.

Generally type 2 diabetes will develop later in life and occurs because the body still produces insulin but the insulin can’t work properly which means that glucose levels continue to rise. Over time, higher than normal sugar levels in the body can cause potentially serious and long lasting damage to your heart, eyes, feet and kidneys.

Managing type 2 diabetes is usually done with diet, tablet (Metformin) or in some cases insulin injections. It has been known in recent years for people with mild type 2 diabetes to reverse the condition with a specific diet and healthy lifestyle including exercise.

Type 1 diabetes is a lifelong (chronic) and serious medical condition which is currently found in approximately 8% of people with diabetes in the UK. Generally this type of diabetes occurs more in younger people and is also known as ‘childhood diabetes’ or ‘juvenile diabetes’.

The main difference between type 1 diabetes and type 2 diabetes is that in type 1, the body actually attacks the cells in your pancreas that would normally produce insulin. Whereas in type 2 the body can still produce insulin, in type 1 the body simply does not produce any insulin which can have a dramatic effect on the us and our entire bodies.

Having known someone with quite severe type 1 diabetes for many years I can say from personal experience that this condition can be very scary. Treatment that has included many years on kidney dialysis, eventually receiving a full kidney transplant after several years on an NHS waiting list and almost complete loss of sight in both eyes.

Gestational diabetes is the last of the more common types of diabetes which gets its name from how it develops in pregnant women. This type of diabetes can affect almost any woman at any stage of pregnancy regardless of your diet, lifestyle or health. Gestational diabetes will also generally go after the pregnancy or can sometimes develop in to type 2 diabetes.

Pre-diabetes is a newer type of diabetes which has been developed in the modern medical world to help people to manage their health and make sure that they don’t develop full blown diabetes. Someone may be told by their GP or a medical professional that they have pre-diabetes and then advised on how to manage their health to stop them getting diabetes.

Diabetes Statistics (UK)

According to the latest statistics by the leading diabetes charity, Diabetes UK, the latest figures for the UK are:

  • 3.9 million people living with diabetes (plus almost a million with undiagnosed diabetes – making the total over 4.8 million people)*
  • More than 100,000 people were diagnosed with diabetes in 2019 in the UK (projected to increase to 5.3 million by 2025)*
  • 1 in 15 people living in the UK has diabetes
  • 6 in 10 people with type 2 diabetes has no symptoms
  • People with type 2 diabetes are approximately 50% more likely to die early*
  • Risks of Heart Attack or Heart Disease is much more likely in someone with type 2 diabetes (almost 2 to 2.5 higher risk)*

*The latest figures are provided by Diabetes UK, Diabetes Prevalence 2019 report.

Does diabetes affect me being able to get Life Insurance?

People living with diabetes can be extremely healthy and should not be too greatly affected when applying for life insurance. It is increasingly likely that you’ll also be able to get accepted for life insurance without the need for further medical underwriting so can be covered immediately so you won’t need to provide evidence from your GP or Diabetic Nurse. Our experts at iam|INSURED has worked very closely with some of the UK’s biggest and best insurance companies to make sure that people with diabetes get the lowest rates available and the best cover.

A standard life insurance application will ask questions about your general health and lifestyle to gather information about you. In the case of someone with diabetes, you’ll be asked to provide specific information about your condition, such as:

  • Do you take insulin?
  • Which type of diabetes do you have?
  • When were you first diagnosed with diabetes?
  • Has your diabetes affected any other areas of your body (e.g. eyes, kidneys, nerves or limbs)?
  • Have you ever been hospitalised because of your diabetes?
  • When did you last get your blood glucose levels checked by your GP?
  • What was latest HbA1c (or Mmol) reading?
  • Have you been diagnosed with High Blood Pressure or Raised Cholesterol?

These types of questions and some others will enable underwriters to assess your application and apply an accurate decision. Another major positive impact on premiums for people with diabetes over the past 15 years has resulted from insurers competing for policyholders with diabetes. You should also know that life insurance rates and terms for people with diabetes are constantly improving so it’s always worth reviewing existing policies as well.

What about Diabetes and Coronavirus (COVID-19) for Life Insurance?

It is also usually not an issue to get life insurance for someone with diabetes regardless of whether we are in a state of national emergency such as during Coronavirus. These were unprecedented times in 2020 which caused a huge impact on the diabetes community due to the additional cardiovascular risks on these people.

From a life insurance point of view there are no issues with getting cover for people with diabetes as long as they are not exposed to risks or displaying symptoms. This is a highly unusual situation and questions such as:

  • Are you currently self-isolating?
  • Do you currently have any symptoms of Coronavirus (COVID-19)?
  • Have you been exposed to the risk of contracting Coronavirus?
  • Do you know anyone with symptoms who you have been in contact with?

While this is a one off and isolated event, we wanted to mention it as it may have longer lasting effects on life insurance and this is a common question we get asked about.

Which Types of Diabetes get Life Insurance?

It is and always has been possible to get life insurance for both type 1 and type 2 diabetes. The main difference between getting life insurance for people with type 1 diabetes and type 2 diabetes is that generally people with type 1 diabetes will require some additional medical underwriting. We are increasingly seeing applications for type 2 diabetes accepted instantly with no further underwriting requirements which is a smaller percentage for people with type 1 diabetes.

Both type 1 and type 2 diabetes life insurance rates have reduced dramatically over the past 20 years thanks to better treatments, more information about the conditions and higher survival rates which means that people are living longer. All of this has had a positive impact on the cost of cover for people with diabetes which we expect to continue for many years to come.

Which are the Best Life Insurance providers for people with Diabetes?

There are several major life insurance providers in the UK currently which include Aviva, AIG, Aegon, L&G, Zurich and LV. iam|INSURED works with all of the TOP insurance companies in the UK as well as some specialist insurers who provide more bespoke or unique solutions for people with more severe symptoms of diabetes and other conditions.

We know the best insurance companies for each person based on their medical history, health and age but this can vary dramatically. It’s very difficult to say which insurers are best for each condition simply because of the fact that people’s circumstances are so different and no application is generally the same. Also the fact that underwriting can change dramatically and quickly which means that there can be a major shift in the insurers we would go to at any time.

Once we know more about you and your medical history then we can simply apply our expertise to help get you the best cover to protect your family. The main reason why you would use an expert like iam|INSURED is to save time and money to make sure that you get the cover you need at the right price.

How does my HbA1c reading affect Life Insurance rates?

The main consideration and influencing factor for underwriters looking at life insurance for people with diabetes is their HbA1c (Mmol) reading which is the blood sugar levels. The term HbA1c is an abbreviation for Glycated Haemoglobin which develops when haemoglobin (a protein in red blood cells that carries oxygen through the body) meets glucose in the blood, which becomes glycated.

There are two types of measurements for this type of reading which is usually taken by your doctor, the readings can be given as mmol/mol or % (HbA1c).

HbA1c levels for people with diabetes are as follows:

    Levels Mmol/mol Percentage (%)
    Normal Under 42 Under 6.0%
    Prediabetes 42 to 47 6.0% to 6.4%
    Diabetes Over 48 Over 6.5%

In terms of life insurance underwriting for people with diabetes there are several levels to consider that have an impact on your premiums:

    Levels Mmol/mol Percentage (%)
    Low (good control) Under 53 Under 7.0%
    Moderate (could improve) 54 to 74 7.0% to 8.9%
    High (poor control) 75 to 85 9.0% to 9.9%
    Very High Over 86 Over 10.0%

You should also know that in recent years there has been changes to the acceptable levels so more and more we are seeing decisions for people with readings over 10.0% (86Mmol/mol). We also appreciate that this is not an exact science and there are situations where people are asked by their GP to maintain higher readings, such as sports people.

Can I get Critical Illness Cover with Diabetes?

In recent years we’ve found that more and more that people with diabetes are able to get critical illness cover again thanks to changes in underwriting rules. Currently critical illness cover is only available for type 2 diabetes from the mainstream or more popular high street insurance providers. It is possible to get more specialist critical illness style products for people with type 1 diabetes which come with slightly different terms to standard cover.

You can now get critical illness cover through the major insurance providers as long as you fit certain criteria. These criteria questions include:

  • Do you smoke?
  • Have you got type 2 diabetes?
  • Do you have any diabetes complications (e.g. Retinopathy, Neuropathy or Nephropathy)?
  • What is your height and weight (BMI)?
  • Is your diabetes well controlled and readings low (HbA1c / Mmol)?

As long as you can answer these questions positively then you should have no problem being able to get critical illness cover. These terms are constantly changing so you’ll find that this will change over a period of time which we’ll be able to keep you informed about through our blogs and news articles.

Can I get Income Protection if I’ve got Diabetes?

It is also now possible to get income protection insurance with diabetes which is a more recent development and again shows promising signs for the future. In previous years it would have seemed almost impossible to get more strictly underwritten products like income protection insurance for someone with diabetes so this is good news. We appreciate that this may not seem incredibly positive to everyone but from our perspective it shows that things are progressing.

Income protection can provide cover for someone if they were unable to work because of long term sickness or because of an accident. The reason that diabetes has historically been difficult to get this type of cover is because of the strict underwriting guidance but with new technologies and bespoke products, this is changing.

There are also products that are available through some of the major insurance companies that offer a short term income protection cover (called Accident and Sickness) with no medical underwriting. This type of product is quite unique and we’re delighted to be able to offer this as a solution to our diabetes clients. This type of cover can be incredibly cost effective to people with both type 1 and type 2 diabetes to you with the solution that you need.

How much is Travel Insurance for Diabetes?

Anyone who is travelling overseas who has a medical condition such as diabetes, should have adequate travel insurance in case anything happens to them whilst abroad. Diabetes travel insurance is no different and as long as you disclose details about your medical condition then you will be fully covered. You should be aware that if you fail to disclose certain information about your medical history then you may not be covered.

The main reason why it is essential to have appropriate levels of cover when travelling abroad is to make sure that you don’t get stuck with expensive medical bills if anything happens to you. It can be extremely difficult and costly to get treatment or medical attention in a foreign country, and especially for those with a pre-existing medical condition such as diabetes. If you’ve got diabetes then you’ll know that your health and your symptoms can be unpredictable which is why it’s important to be covered.

You should also be able to get travel insurance which can cover any specific diabetes equipment whilst you are abroad. There are policies that will cover your medications and specialist equipment which includes diabetes pumps, insulin injections, tablets and other related items.

What about Diabetes Complications with Life Insurance and other type of Cover?

There are a number of diabetes related complications which can have an effect on all types of insurance when making an application. The main types of diabetes complications that can impact your insurance terms include:

  • Retinopathy which is a common form of eye disease in people with diabetes which is most common in people who have had diabetes for longer periods of time
  • Neuropathy is a nerve disorder which comes in three main categories including Sensory Neuropathy, Motor Neuropathy and Autonomic Neuropathy
  • Nephropathy also known as Kidney Disease which will affect approximately 40% of people with diabetes

Anyone with diabetes who has any of these complications will usually still be able to get cover and may find that there are some limitations such as insurers prepared to offer terms.

Diabetes Awareness events

Due to the high levels of diabetes both in the UK and globally, there are a number of major events that have been dedicated to raising awareness for diabetes. These events are annual events which help to raise money for research as well as raise awareness for people living with diabetes and the risks of developing diabetes.

Diabetes events include:

World Diabetes Day which is held every year on November 14th to increase awareness around the world for diabetes. The reason that the event is held on this specific date is that it coincides with the birthday of Dr. Frederick Banting who helped to discover insulin

Diabetes Awareness Week is held in the UK usually in June and is operated by Diabetes UK which is the biggest British diabetes charity

National Diabetes Month is primarily an American event which is held by the JDRF (Juvenile Diabetes Research Foundation) and the American Diabetes Association

Diabetes Charities and Support organisations (UK)

Over the past century there have been a number of organisations that have been established to help people living with diabetes. These charities and companies provide vital information, guidance, support and services to people with diabetes. Some of the main organisations include:

Diabetes UK

Link: https://www.diabetes.org.uk

Helpline: 0345 123 2399

Address: Wells Lawrence House, 126 Back Church Lane, London, E1 1FH

Diabetes Research and Wellness Foundation

Link: https://www.drwf.org.uk

Helpline: 0239 263 7808

Address: Building 6000, Langstone Technology Park, Havant, Hampshire, PO9 1SA

Diabetes.co.uk

Forum: https://www.diabetes.co.uk/forum/

Address: Technology House, Sir William Lyons Road, University of Warwick Scient Park, Coventry, CV4 7EZ

For more information or if you’ve got any questions about insurance for people with diabetes, call iam|INSURED on 0800 009 6559 or submit an enquiry

Guide to Diabetes Life Insurance

Guide to getting Life Insurance with Diabetes

(Author: Daniel Sharpe-Szunko)
If you suffer from Type 1 or Type 2 Diabetes and you need to get some life insurance to protect your family, home or business then there are things to consider which will have an impact on your cover or premiums. iam insured is one of the top Diabetes life insurance experts in the UK with over 20 year’s experience in helping people with Diabetes to get the best cover and to save money on their premiums.

If you need life insurance to protect your loved ones then you should speak to one of our iam|INSURED Diabetes life insurance experts who will help you find the cover you need. We know more about Diabetes life insurance underwriting than 99% of advisers thanks to the fact that we have helped thousands of families to get the best cover at the lowest rates.

You should also know that Diabetes life insurance rates and cover has evolved greatly over the past several years thanks to point such as:

  • Improvements in underwriting
  • Higher levels of care
  • Medical advances
  • Morbidity and mortality data
  • Demand for Diabetes Life Insurance

Diabetes rates are increasing constantly in the UK as we often here in the national and local press so insurers are simply responding to demand. Recently there have also been a number of products released by some of the UK’s biggest insurers specifically designed for people with Diabetes. We are also proud to have assisted with the development of a number of Diabetes Life Insurance products to help our diabetes clients.

How Diabetes life insurance works

If you have been diagnosed with Type 1 or Type 2 Diabetes then you will find that there are additional underwriting requirements from life insurance underwriters to assess your application. Diabetes life insurance underwriting is based on the severity of your symptoms primarily and the treatment or medication that you receive to manage your condition.

Some of the main factors that have an impact on your Diabetes life insurance premiums and your cover

Hba1c/Mmol readings: The thing that will have the biggest impact on your Diabetes life insurance premiums will be your latest reading from your diabetes nurse or your GP. If you do not know your latest reading then you can either obtain this yourself from your GP or this can be collected by the insurance provider as part of the application process.

Date of diagnosis: As with most other medical conditions, you must disclose the date that you were originally diagnosed with your condition for your Diabetes Life Insurance application. This information will help underwriters to accurately review your case to ensure that they apply the correct decision when they make an offer of cover.

Treatment and medication: Another of the main points to be considered on any application for Diabetes Life Insurance is what treatment or medication you receive. There are three main types of treatment or medication which are diet controlled (Type 2), Medication such as Metformin (Type 2) and Insulin dependent (Type 1 and Type 2). Your rates for Diabetes Life Insurance will depend on your treatment which will be lower for diet controlled and higher for insulin dependent generally.

Smoker status: You should also be aware that when you apply for Diabetes Life Insurance and you declare that you are a smoker, it can cause issues. It is generally considered to be more high risk for people with Diabetes if the smoke or have smoked in the past 12 months because of the additional risks relating to the use of tobacco or nicotine products.

Diabetes related complications: There are a number of possible issues connected to diabetes that will be questioned on an application for Diabetes Life Insurance which include Retinopathy (including laser surgery), Neuropathy and Nephropathy. An underwriter will ask whether you have experienced any diabetes related complications as well as whether you have had any treatment for those complications.

Each application for Diabetes Life Insurance will be assessed in a similar way in terms of the information that is required, however certain underwriters will view this information differently. iam insured will help you to find the most suitable insurer for your Diabetes Life Insurance based on your individual circumstances and requirements.

About Type 1 Diabetes life insurance

Currently around 10% of all diabetics in the UK have Type 1 Diabetes so this is by far the least common type of diabetes but still seeing the same improvements in underwriting as Type 2 Diabetes. Generally this type of Diabetes is diagnosed younger in life and it is treated with a medication called ‘insulin’ to help control blood sugar levels which is how rates for Type 1 Diabetes Life Insurance are generated. The risks for Type 1 Diabetes are very different to Type 2 Diabetes because of the vast differences between the two, even though they share the same group name of ‘Diabetes’.

Some of the main points to remember for Type 1 Diabetes Life Insurance are:

  • Type 1 Diabetes critical illness cover and income protection are not currently available from any insurance provider in the UK
  • Rates for Type 1 Diabetes Life Insurance can vary from standard rates for well controlled mild late onset to decline for severe or poor control
  • Medical underwriting for Type 1 Diabetes Life Insurance will almost always require evidence from a Doctor, GP or diabetes specialist to support your application
  • Almost all applications for Type 1 Diabetes Life Insurance will require manual underwriting so cover will not be accepted online immediately

As you will know, Type 1 Diabetes is a complex condition which can vary from mild and well managed to severe with some extreme complications that can cause major issues for Type 1 Diabetes Life Insurance rates. You may not know however that underwriting and premiums for Type 1 Diabetes Life Insurance will vary dramatically from one insurer to another so it is vital to make the right decision to get the best cover. Our team of Type 1 Diabetes Life Insurance experts will talk to you about your condition to get the information that we need to make sure that we apply to the right insurance providers for you to protect your family, home and business.

About Type 2 Diabetes Life Insurance

Type 2 Diabetes is by far the most common in the UK and globally of the Diabetes conditions with millions of people in the UK currently diagnosed. It is also said that currently there are over 4 million people in the UK alone who have been diagnosed with this type of Diabetes which is why Type 2 Diabetes Life Insurance is such an important part of the insurance market. The main difference between Type 1 and Type 2 Diabetes is that 1 is a chronic medical condition and 2 is a lifestyle condition which can now be reversed and also can be controlled with diet rather than medication.

Some of the main elements to consider for Type 2 Diabetes Life Insurance:

  • Type 2 Diabetes critical illness cover and income protection are currently available through a limited number of providers and based on underwriting
  • Rates for Type 2 Diabetes Life Insurance can vary from a small loading (usually 25%) if well controlled with no complications and low Hba1c
  • Some providers will now accept Type 2 Diabetes Life Insurance applications with no medical evidence in some cases
  • Type 2 Diabetes Life Insurance underwriting can vary dramatically from one insurance provider to another

There are a number of standard variables which can affect your premiums and underwriting for Type 2 Diabetes Life Insurance which can include:

  • Body Mass Index (e.g. Height, Weight and Waist size)
  • Smoker status (Smokers will pay more for Type 2 Diabetes Life Insurance)
  • Hba1c reading (see below)
  • Complications (e.g. Neuropathy, Retinopathy, Nephropathy etc.)
  • Hospitalisation
  • Time off work

Most applications for Type 2 Diabetes Life Insurance will ask about your health as well as your medical status to give underwriters a clear view of your circumstances. You should ensure that you disclose all information accurately to ensure that there are no questions about cover if you need to claim on your Type 2 Diabetes Life Insurance.

How does Hba1c affect Diabetes Life Insurance premiums?

You will be required to disclose your latest Hba1c reading when applying for Diabetes Life Insurance which will be used to determine how well controlled your condition is. There are a number of other elements that will be considered when applying for Diabetes Life Insurance, however Hba1c is one of the main factors. Insurance underwriters currently assess an application for this type of cover based on whether your condition is well controlled with diet or medication.

Levels of Hba1c for Diabetes Life Insurance:

  • Under 6: Very well controlled
  • 6 to 8: Good control
  • 8 – 10: Average control
  • 10+: Poor control

You will find that your premiums and levels of cover that are available for Diabetes Life Insurance will depend primarily on your Hba1c reading followed by other Diabetes related elements.

How has Diabetes Life Insurance changed?

The way that Diabetes Life Insurance risk is viewed by insurers has improved greatly over the past 10 years and especially over the past 3 to 4 years. There has recently been an evolution of Diabetes Life Insurance products which has included several of the UK’s top insurance providers developing specific Diabetes Life Insurance products which are tailored to your needs.

iam insured advisers have specialised in Diabetes Life Insurance for over 10 years and has helped thousands of Diabetics to protect their families, homes and businesses. Our team of very highly experienced experts has a detailed and in-depth knowledge of Diabetes Life Insurance underwriting to help:

  • SAVE YOU MONEY (lower premiums)
  • Better cover (get quotes for Diabetes critical illness cover and income protection)
  • Guaranteed acceptance

Most of the top UK insurance providers now offer very competitive rates and products for Diabetes Life Insurance, critical illness cover (several insurers) and income protection (currently very limited). You should be able to find the Diabetes Life Insurance cover that you need to protect your family, home or business depending on your circumstances and your health.

Diabetes insurance products from iam insured:

  • Diabetes Life Insurance
  • Diabetes Critical Illness Cover
  • Diabetes Income Protection
  • Diabetes Relevant Life Insurance
  • Diabetes Key Person Insurance
  • Diabetes Travel Insurance

Useful links:

If you need help to get the BEST cover and the LOWEST premiums for Diabetes Life Insurance to protect your family, home and business then you should contact iam|INSURED today on 0800 009 6559.