When you are looking for life insurance, it can be a difficult search. There are dozens of different factors that you’ll need to compare to ensure that you’re getting the best plan possible. If you have any pre-existing conditions, like diabetes, then you may assume that getting affordable life insurance is out of the picture, but that’s not true. Regardless of your health, or any health complications that you have, it’s possible to get affordable and quality insurance protection.
Applying for life insurance can entail a number of different steps. These are typically required so that the insurance company can review an applicant’s overall risk factors – and in turn so that the insurer can make a decision as to whether or not to take on that individual as a policyholder.
For those applicants who are considered to be healthy, the process can be relatively simple. But, for those who have various health conditions such as type 2 diabetes, qualifying for life insurance for diabetics in the USA, may require answering more in-depth questions so that the underwriters can get a more thorough picture of your overall health condition. This is especially the case if you are taking medications such as alpha-glucosidase inhibitors to manage or control your condition.
This article is going to look at the obstacles that you should be aware of when you’re shopping for insurance as an applicant with diabetes. Life insurance is one of the most important purchases that you’ll ever make, and your diabetes shouldn’t prevent you from getting an affordable plan.
How Alpha-Glucosidase Can Affect a Life Insurance Application for Coverage
Alpha-glucosidase inhibitors, sold under the brand names of Precose and Glyset, are sometimes taken by those who have type 2 diabetes in order to help in keeping blood sugar levels within a target range. This medication can do so by slowing down the digestion of complex carbohydrates – which are also referred to as starch.
Some complex carbohydrates can include foods such as cereal, bread, grain, rice, pasta, flour, beans, and vegetables like corn and potatoes. It is important to note that Alpha-glucosidase medications do not change the effect that the simple sugars will have on an individual’s blood sugar. Simple sugars can include foods such as fruit, milk, juice, candy, honey, and many types of desserts.
For the best results, it is recommended that Alpha-glucosidase medications be taken with the first bite of food. This is because the best use of this medication is for those with type 2 diabetes whose blood sugar is the highest after they eat complex carbohydrates.
This particular medicine does not cause the pancreas to produce additional insulin, nor will it cause low blood sugar – also referred to as hypoglycemia – unless the medication is also used with other medications that are used for diabetes, or in conjunction with insulin.
Because medications that are taken for conditions such as type 2 diabetes can cause certain side effects, it is important that the life insurance underwriters have a very clear understanding as to why the medicine is being taken, as well as the dosage of it. Therefore, it is likely that numerous questions will be asked regarding your type 2 diabetic condition, as well as your alpha-glucosidase medication, as a part of your life insurance underwriting process.
What the Life Insurance Company Needs to Know About You
Most applicants for life insurance coverage will need to fully complete an application for coverage. This will require personal details such as your name, age, gender, and contact information, as well as information about your health, and your health history.
Also, given your type 2 diabetic condition, and your prescription medications taken such as Alpha-glucosidase, you will likely be required to complete additional questions for the life insurance underwriters. This will be so that they can get a better understanding of your health and medical condition and so that the insurance company can determine just how much of a risk that it may be taking on.
Some or all of the questions that you may be asked could include the following:
- When were you initially prescribed with Alpha-glucosidase for your type 2 diabetes?
- What was the initial dosage of your Alpha-glucosidase?
- Has the amount of your Alpha-glucosidase changed (increased or decreased) over time since you were initially prescribed with it?
- How, or how well, has the Alpha-glucosidase been helping to manage or to control your type 2 diabetes?
- What are your most recent A1C levels?
- What are your most recent blood sugar levels?
- Have you been hospitalized within the past 12 months due to your type 2 diabetic condition?
- Have you had any relevant testing performed within the past six months due to your type 2 diabetic condition?
- Are you managing your type 2 diabetes in any other manner, such as through diet and / or exercise?
It is likely that you will be required to undergo a medical examination as a part of the overall life insurance underwriting procedure. This will entail the submission of a blood and a urine sample – which will be tested for certain risk factors by the insurance company.
The underwriters may also wish to review your medical records to get a more complete picture of your health condition. These records may come from your primary care provider, and / or from any specialist that you may see. If by chance you are denied life insurance coverage, we can explore the option of a no medical exam life insurance policy, which will come with a higher premium rate.
No exam life insurance plans are an excellent way to get life insurance protection if you have problems passing the medical exam, but just because you have diabetes doesn’t mean that you can’t qualify for a traditional policy. In fact, there are dozens of companies that specialize in insuring high-risk applicants with severe health complications.
No exam life insurance policies should only be used as a last resort for life insurance protection. No exam policies are going to be more expensive than a traditional insurance policy and no exam plans are going to restrict how much you can buy. Most no exam policies will only give you around $250,000 worth of protection. For most families, this won’t be enough life insurance, and not having enough life insurance is one of the worst mistakes that you could ever make.
How Much Will Your Life Insurance Coverage Cost?
The cost of life insurance – especially when you have type 2 diabetes, and you take a medication such as Alpha-glucosidase – can vary. If, other than your diabetes, you are in very good health, you could possibly still qualify as a Standard class. If so, your premium could be that of an average policyholder. If, however, you are classed as a Substandard, the premium will be higher.
If you opt not to go with a medically underwritten plan, you could alternatively apply for no medical exam coverage. While those who have certain health issues such as diabetes may have a better chance of qualifying, the premium on these types of plans will be higher due to the additional risk to the insurance carrier.
Where to Find the Best Premiums on Life Insurance for Diabetics on Alpha-Glucosidase
When seeking life insurance for diabetics on Alpha-glucosidase, we can help you to find the best carrier for you needs. We work with many of the top insurers in the industry – and we can assist you in locating the one that is right for you. When you are ready to proceed, fill out the form on this page to get started on your first set of quotes.
Unlike traditional insurance agents, we are a group of independent insurance brokers, which means that we don’t only work with one single company. Instead, we represent dozens and dozens of companies across the nation, which means that we can bring all of the best rates directly to you. We work with the highest rated companies and we know which ones are going to give you the best rates for people with diabetes. These companies are going to offer you much better rates than other companies. Finding the perfect company could be the difference in getting an affordable plan or getting a plan that breaks your bank every month.
If you have any questions, please feel free to contact us directly. We can be reached, toll-free, by calling 877-801-4402. We understand that you may be apprehensive if you are a type 1 diabetic or have type 2 diabetes and are on medication – but the good news is that you still have many options. So, contact us today -we’re here to help.
Because you never know what’s going to happen tomorrow, you shouldn’t wait any longer to get the insurance coverage that your family deserves. If something tragic were to happen to you, and you didn’t have life insurance protection, your family would be responsible for all of your debts and bills. Don’t let that happen to them, get the insurance protection that they deserve.