Life Insurance for Diabetics
No matter how hard you search, you simply would not be able to find a complete life insurance with awesome coverage for diabetics. This is because diabetes is a disease that affects several parts of the body and the treatments and general hospitalization bills are far too much to consider. If you suddenly develop Type II diabetes while on an insurance, the company simply cannot umbrage you of your cover. However, if you want a life insurance with diabetes, you shall find the task very challenging and uphill.
Are life insurance policies for diabetics impossible to find?
We said you’ll find it very difficult to find good life insurance for diabetics policies. But, we never said it would be impossible to do so. There are a number of high end insurance providers who consider insulin-dependent cases for insurance (life insurance, medical insurance, and the like) but the premium would be decided keeping the risk factors in view.
What risk factors must you consider?
The first aspect that most insurance companies would consider is that whether you diabetes is Type I or Type II. Type I diabetes is a disease caused due to genetics and found since birth. Type II diabetes is an adult-generated diabetes disease. Other risk factors include your age, your gender (less marks for women), your overall health, your family history, and many other details. You might have to sign up for blood tests and others too.
Is it legal for me not to get insurance just because I have chronic diseases?
Unfortunately yes! The Statute leaves the right to grant an insurance policy or not to an individual suffering from chronic diseases entirely to the company and prefers not to interfere. As a result, if you are suffering from thyroid problems, overweight problems, diabetes, cancer or such other ailments, you would most likely never get an affordable insurance.
Are life insurance policies for diabetics impossible to find?
We said you’ll find it very difficult to find good life insurance for diabetics policies. But, we never said it would be impossible to do so. There are a number of high end insurance providers who consider insulin-dependent cases for insurance (life insurance, medical insurance, and the like) but the premium would be decided keeping the risk factors in view.
What risk factors must you consider?
The first aspect that most insurance companies would consider is that whether you diabetes is Type I or Type II. Type I diabetes is a disease caused due to genetics and found since birth. Type II diabetes is an adult-generated diabetes disease. Other risk factors include your age, your gender (less marks for women), your overall health, your family history, and many other details. You might have to sign up for blood tests and others too.
Is it legal for me not to get insurance just because I have chronic diseases?
Unfortunately yes! The Statute leaves the right to grant an insurance policy or not to an individual suffering from chronic diseases entirely to the company and prefers not to interfere. As a result, if you are suffering from thyroid problems, overweight problems, diabetes, cancer or such other ailments, you would most likely never get an affordable insurance.