Getting term life insurance with type 2 diabetes used to be a pretty daunting task. Insurance underwriters often rejected or charged a hefty premium just for having diabetes, without taking into consideration other factors.
Millions of Americans are diagnosed with diabetes every year. There is no question that this is a growing epidemic in our country. Those diagnosed with diabetes have to face the challenges of maintaining proper blood sugar control as well as any added expenses they take on due to the need for oral medicine or insulin. Statistics show that those diagnosed with diabetes have health care costs that are 2.3 times higher than what their expenses would be if they didn’t have the disease.
Life insurance is no different. Diabetics have also faced the bleak reality that they are going to pay higher rates for their policy simple because they have diabetes – even if they are doing an excellent job of managing their health. Continue Reading
