Life Insurance for People With Diabetes: What You Need to Know

Diabetes is a common chronic condition that affects millions of Americans, yet it often raises questions about life insurance eligibility and affordability. If you have diabetes, you may wonder whether you can qualify for life insurance, how much it will cost, or if you’ll face restrictions.

The good news is that many people with diabetes can and do qualify for life insurance coverage. The key lies in understanding how insurance companies evaluate the condition and what steps you can take to improve your chances.

How Diabetes Affects Life Insurance Underwriting

Life insurance companies assess risk to determine how likely they think an applicant is to pass away during the policy term. Diabetes is one of many health factors they consider, but it’s not an automatic disqualifier.

Underwriters evaluate several aspects of your diabetes, including:

• Type (Type 1 or Type 2)
• How long you’ve had the condition
• How well it’s controlled (A1C levels, blood sugar readings)
• Medications and treatments used
• Presence of any diabetes-related complications

People with well-managed diabetes and no major complications are often eligible for coverage at competitive rates.

Type 1 vs. Type 2 Diabetes: What’s the Difference for Insurers?

Type 1 diabetes typically develops earlier in life and requires insulin therapy from the start. It is generally viewed as higher risk by insurers because of its lifelong nature and potential complications.

Type 2 diabetes often develops later and can sometimes be managed with lifestyle changes or oral medications. Because of this, people with Type 2 diabetes who maintain good control may qualify for better rates.

That said, both types can qualify for life insurance—rates and options depend largely on your health history and management.

The Importance of Control and Complications

Insurers pay close attention to how well your diabetes is controlled. Regular doctor visits, stable A1C levels, and adherence to treatment plans show responsibility and lower risk.

Complications such as neuropathy, kidney disease, or cardiovascular problems can increase premiums or limit coverage options. If you have no or minimal complications, your chances of approval improve.

Coverage Options for People With Diabetes

There are several life insurance options for people with diabetes:

Traditional Underwritten Policies

These require medical exams and full health disclosures. If your diabetes is well-controlled, you may qualify for preferred or standard rates.

Simplified Issue and No-Exam Policies

These policies require limited health questions and no medical exam. Coverage amounts may be lower, and premiums higher, but approvals are faster and easier.

Guaranteed Issue Policies

Guaranteed issue policies require no health questions or exams but usually have higher premiums and lower coverage amounts. They’re often a last resort when other options are unavailable.

Tips for Improving Your Life Insurance Chances With Diabetes

• Maintain regular doctor visits and follow your treatment plan
• Keep your A1C levels within target ranges
• Avoid tobacco and manage weight and blood pressure
• Gather medical records and lab results to support your application
• Work with an experienced agent who understands diabetes underwriting

Common Misconceptions

Many people think diabetes automatically means “no insurance” or “very expensive premiums.” This isn’t true.

Each insurer underwrites diabetes differently, and many have specific programs for people with diabetes. Shopping around and getting professional help can reveal options you might not find on your own.

Final Thoughts

Living with diabetes doesn’t mean you have to be without life insurance protection. With proper management and guidance, many people with diabetes find policies that fit their needs and budgets.

At My Term Life Guy, we specialize in helping people with health conditions navigate the insurance process with confidence and clarity.