When a healthy person goes into get a life insurance policy, there are a number of tests that may be performed in order to qualify them for the policy. If all goes well, they will be able to get the policy that they want, including a whole life insurance policy. However, if you are a diabetic, this same opportunity may not be open to you because of your health condition. There are some companies that will underwrite policies for individuals that do have diabetes. The following tips are what you should use to obtain whole life insurance for diabetics.
Diabetics And Life Insurance
If you have diabetes, either type I or type II, it’s important to realize that this condition may prevent you from getting life insurance. If you are trying to obtain a term life insurance policy, or whole life, either one can be unattainable. The underwriter will look at your condition and may consider that it presents a high risk for their company. As a result of this, they may not provide you with the insurance that you are seeking. The following suggestions will weigh the odds in your favor for obtaining a whole life insurance for diabetics policy.
Obtaining A Whole Life Insurance For Diabetics Policy
A whole life insurance policy is one that has an attached savings vehicle which takes a portion of your payments and invests it into an account. After a certain time, you are able to withdraw the money. In the event of your death, you will also receive this money as well. To qualify for a whole life insurance were diabetics policy, the company that you work should be willing to grant you a policy despite your disease. There may be local companies that operate in your area that are more lenient about the type of conditions you can have. By doing research on the web, or even asking around town, you should be able to find a life insurance company willing to work with you.