A study done by the Georgia Department of Health showed that diabetes was the 7th leading cause of death in their state. The good news noted in an article by eMaxHealth was that with only moderate lifestyle and diet changes diabetes is preventable and in some cases reversible. I don’t need to tell you how important it would be from a life insurance standpoint if someone could actually “cure” their diabetes.
Even a well controlled diabetic with no collateral health issues will likely pay twice as much as a person without diabetes. While underwriters would likely require some time period of sustained control to accept that the diabetes has been reversed, eventually even the most skeptical of them will have to accept that it is not a health issue any longer.
The study should be of significance to anyone that doesn’t exercise and is overweight. It points out that with moderate exercise and a decrease in weight of 5%-7%, diabetes can be prevented or delayed. This is significant when you consider that someone who has type 2 diabetes, on average, will live 8 years less than if they didn’t have diabetes. This, obviously, is also the reason that underwriters are careful to get a complete picture of a diabetic applying for life insurance before they approve it.
The University of Illinois offers some great resources for diet. Maybe someone can offer a link to an exercise program. I know a lot of exercise programs are rather intimidating.
Bottom line. Making the right choices can lead to a healthier life and lower insurance rates.
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.