As a mother to a child with type 1 diabetes, I know how frustrating and upsetting it can be to venture into the insurance landscape and see the barrier for having this form of diabetes.
When you apply for life insurance coverage, the insurance agents are going to look at a variety of different factors to determine how much of a risk you are to insure. The more risk that you are, the more they are going to charge you for insurance coverage. If you’re too great of a risk, then the company could decline your application.
Life insurance underwriters are employed to assess the risk that you pose to a company. “Risk” means the likelihood that your policy will have to pay out, and since diabetics have a much higher chance of developing long-term health complications, like heart disease, neuropathy, and kidney failure, insurance underwriters automatically label your application as risky. Continue Reading
