Most people believe that if a person has insulin dependent diabetes, that he/she is not eligible for life insurance. This is not true. In fact when sitting down with underwriters last week, our team found that many people who are insulin dependent are easily insurable. The rates we have been able to give our clients who have late onset diabetes have been surprisingly competitive and affordable.
In an attempt to not give false hope to folks who have diabetes, we prefer to be clear and to the point with the stipulations surrounding our find. What we found was that when a person is diagnosed as having diabetes later in life, the condition is less life threatening and therefore favorable to insurance companies.
In short, “The Later the Better”. Some one who has been diagnosed as a child is at far more risk than someone who is diagnosed in their sixties, insulin dependent or not.
Most life insurance agents run out the door when they are confronted with someone who in insulin dependent. We want those of you out there to know that this is a common mistake and we are happy to help you get affordable coverage. We recommend specific carriers that specialize in these this particular field and we know that you will find the insurance to be affordable.
This is another situation in the life insurance industry where certain carriers have decided to be competitive with a niche market. We research these carriers in order to provide you with better service and a voice of understanding.
Insulin Dependent Diabetes – Why a late onset diagnosis is still insurable.
