Competitive life insurance quotes have long been elusive for people with type 1 or type 2 diabetes. Many life insurance companies are changing the way they view diabetes and recognizing that there is a substantial difference in the mortality experience between those who choose to meet the challenges of being diabetic head on and those who aren’t that concerned.
Bottom line for life insurance underwriters, whether you are applying for term insurance, whole life or universal life is YMCA! Actually it really ends up being YMCCARF, but it’s my blog and close counts. The acronym stands for YOU MONITOR, CONTROL AND ARE COMPLIANT WITH ALL RISK FACTORS.
You monitor your glucose frequently, preferably more than once a day. If you have hypertension (one of the risk factors) you check it frequently. If you are overweight (another risk factor) you work on changing eating habits and beginning an exercise program. And you monitor the overall effect by seeing your doctor at least 4 times a year and discussing your lab results, specifically your A1C. If you are diabetic and don’t know what your A1C is, time to wake up and do some study.
A definition from www.metrika.com is “A1C, also known as glycated hemoglobin or glycosylated hemoglobin, indicates a patient’s blood sugar control over the last 2-3 months. A1C is formed when glucose in the blood binds irreversibly to hemoglobin to form a stable glycated hemoglobin complex. Since the normal life span of red blood cells is 90-120 days, the A1C will only be eliminated when the red cells are replaced; A1C values are directly proportional to the concentration of glucose in the blood over the full life span of the red blood cells. A1C values are not subject to the fluctuations that are seen with daily blood glucose monitoring.” The A1C is the benchmark of control that an independent life insurance agent will need to know to be able to find you the lowest rates.
Compliance with your treatment is critical, not only to your health, but to competitive life insurance quotes. Taking medication occasionally or only when you feel like you need it isn’t what your doctor prescribed. Eating a more healthy diet except on weekends isn’t what your doctor prescribed.
Compliance and control!!! You can negate the impact of the diabetes on your physical life and you can also negate the impact on your life insurance rates. Compliance and control!!
This post is somewhat dated. Life insurance underwriting is changing and evolving continually. For more updated information check out some of the key word links. If you have a specific question or topic you need information for do a search. If you don’t find the answers you need contact me and we’ll make sure you get the information that is important to you.