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Diabetes Life Insurance, Critical Illness Cover & Income Protection

Diabetes Life Insurance, Critical Illness Cover & Income Protection

The facts about getting life insurance with Diabetes

It is a common misconception that people who have been diagnosed with Type 1 or Type 2 Diabetes are unable to get life insurance or that it will be unaffordable. Diabetes life insurance rates have reduced significantly over the past several years, especially thanks to several key developments in technology and life insurance underwriting, which includes:

  • Better mortality and morbidity data
  • Improvements in life insurance underwriting technology
  • More claims statistics
  • Competitive insurance markets
  • Greater appetite for Diabetes life insurance business

All of this means that there have been major advances in the ability to get an affordable Diabetes life insurance, critical illness cover and income protection policy in the UK. Historically it has been difficult in some circumstances to obtain a policy to protect your family in some instances but that is constantly improving so the future is looking bright for anyone looking for a Diabetes life insurance, critical illness cover or income protection policy.

What does Diabetes life insurance cost?

If you suffer from Type 1 or Type 2 Diabetes and need life insurance, critical illness cover or income protection then you will need to provide insurers with information about your condition. Insurance underwriters will assess your application for Diabetes life insurance based on the following:

  • What date were you diagnosed with Diabetes
  • Which type of Diabetes do you suffer from (e.g. Type 1, Type 2, Gestational etc.)
  • What medication do you take (e.g. Metformin, Insulin, Diet controlled etc.)
  • Have you ever had any surgery (e.g. Dialysis, transplant etc.)
  • What is your current Hba1c reading
  • Height and Weight (BMI)

Obtaining diabetes critical illness insurance

As mentioned above, diabetes critical illness insurance isn’t suitable for those who have already received a diabetes diagnosis. If you have already experienced a diagnosis, contact our team to discuss alternative life insurance policies available to you 01244 732 890.

However, if you are concerned that diabetes may affect you in the future, obtaining diabetes critical illness insurance will offer you a significant level of support. This policy will provide you with a lump sum to support you in modifying your home and circumstances for any long-term effects from your diagnosis.
 
To retrieve your own personal quote or to find out how diabetes critical illness insurance can support you in the future, contact our expert team today 01244 732 890.
Our mission is to ensure that you receive affordable insurance to fit your personal requirements. If you believe that diabetes critical illness insurance isn’t suitable for your circumstances, but are searching for similar products, click here [LINK to diabetes].

Our team of insurance experts will help you to get some of the best deals from the UK’s top companies to save you money.

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