Life Insurance coverage for diabetics depends on factors like age, type of diabetes, its management, and overall health.
If you have a preexisting condition, it's natural to worry you may not qualify for life insurance. The fear may be especially true if you have diabetes.
The Factors Insurers Consider
Health plays a significant role in your ability to secure life insurance. Typically, the younger and healthy you are, the easier it is to find coverage options for your needs.
Having diabetes may increase the likelihood of having health risk factors, such as hearth disease, which insurers will investigate as part of your overall health.
In general, if you are younger, otherwise healthy and are actively managing your diabetes with medical supervision and keeping it under control, you may have a better chance of getting coverage.
However, life insurance for people with Type 1 & 2 diabetes remains a possiblity. Thru John Hancock Aspire's it even makes it rewarding to get life insurance:
Savings up to 25% off the cost of your life insurance
Discounts on healthy foods, fitness devices and travel
What Kind of Options Are Available for People With Diabetes?
Term Life Insurance
With a term life insurance policy, you pick the duration of your coverage, usually running between 10 and 30 years. It typically offers lower premiums. A medical exam may be required.
Universal Life Insurance
You may qualify for universal life insurance. It's a product that can last for your entire life as long as your premiums are paid. A hallmark of universal life insurance is its flexibility of premiums, and some policies also allow you to change their death benefit. You can decrease to a smaller death benefit or add coverage without buying a new policy. A medical exam is typically required.
Tell me how much life insurance with John Hancock Aspire costs ?
No two people with diabetes are the same. To give you the quote that's right for you, we'll need a bit more information. Get in touch today for a quote !
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