Having diabetes doesn’t mean you can’t get life insurance, but it does affect your options and rates. Millions of Americans with diabetes successfully obtain coverage every year — the key is knowing which insurers are most favorable to diabetic applicants.
Both Type 1 and Type 2 diabetes are insurable, though the underwriting approach differs for each.
Type 2 Diabetes Coverage
Type 2 diabetes is more common and generally easier to insure. If your condition is well-controlled with diet, exercise, or oral medication, and your A1C level is below 7.0, many insurers will offer coverage at Standard or even Preferred rates.
Insurers look at your A1C history, medications, any complications, and how long you’ve been diagnosed.
Type 1 Diabetes Coverage
Type 1 diabetes is viewed as higher risk, but coverage is still available. Expect higher premiums and more thorough underwriting. Insurers want to see good A1C control, no significant complications, and regular medical follow-up.
Some specialty insurers are more experienced with Type 1 applicants and may offer more competitive rates.
Tips for Getting the Best Rate
Maintain consistent A1C levels below 7.0 if possible, follow your treatment plan, and keep regular appointments with your endocrinologist. Work with an independent agent who knows which companies are most diabetes-friendly.
Apply with multiple companies simultaneously to compare offers and choose the best rate for your situation.