Type 2 Diabetes tends to show up after age 40, but some people develop this medical condition earlier in life. Typically, type 1 diabetics appears in childhood or in young adult years. In any case, many people with type 2 diabetes wonder if they can get good life insurance rates.
It is unlikely that people who suffer from this medical condition will qualify for the very lowest preferred rates that you might see advertised on TV. The reality is that few people qualify for these really cheap rates. They make good TV advertisements, but they may not reflect reality for most people, but people with diabetes can get life insurance and rates much less than they expect.
How Can Type 2 Diabetics Find Good Life Insurance?
The best tactic might be to find a specialized broker who has experience getting coverage for people with different health problems. This is particularly true if you need a very high level of coverage. If you just need an average policy, you might simply search for online quote forms that can help you compare a variety of different insurers.
If diabetics manage to keep their blood sugar under control, they might qualify for average prices. Most insurers do not decline or severely rate up applicants just for having type 2 diabetes. They may not be pleased if a diabetic is also very overweight, smokes, or drinks a lot of alcohol though. It is usually a combination of factors that matter, and just one thing might not make that much of a difference.
What kind of life insurance should diabetics get? If you have type 2 diabetes, you will probably get the very lowest rates if you choose term coverage. However, you can lock in rates if you buy a permanent type of coverage like whole or universal life. You have to compare the amount of coverage that you need against your budget and needs.