Type 2 diabetes life insurance may be available if you have been diagnosed with the condition. The cover and premium you are offered will usually depend on many factors such as your HbA1c results, treatment, age, general health and whether you have developed any diabetes-related complications.
Insurers assess type 2 diabetes differently. Sports Financial Services has almost two decades of experience helping people with medical conditions approach providers whose underwriting may be better suited to their individual circumstances.
Contact us on 0345 565 0935 or complete our online form for a free, no-obligation quote.. We will ask about your health, the cover you need and any previous applications. We can then discuss the options available to you to protect yourself and your family.
Can You Get Life Insurance With Type 2 Diabetes?
Yes, it is possible for people living with type 2 diabetes to obtain life insurance. Your application will be assessed individually, rather than being accepted or declined based only on the name of your condition.
The terms available can vary considerably between insurers. One provider may apply a higher premium, while another may take a different view of the same medical history. This is why applying through a specialist such as ourselves can be helpful, particularly if you have previously been declined or quoted more than expected.
We also regularly help people apply for pre-existing condition life insurance . If you have wider protection needs your adviser can identify insurers whose underwriting is most appropriate for your medical history and lifestyle.
What Is Type 2 Diabetes?
Type 2 diabetes is a condition that causes blood glucose levels to become too high. It develops when the body does not produce enough insulin or does not respond effectively to the insulin it produces.
It can be managed in different ways, including changes to diet and physical activity, tablets or injectable medication. Some people also use insulin.
Life insurers do not assess the diagnosis alone. They will usually consider your wider lifestyle, such as, how long you have had diabetes, your recent results, the treatment you use and whether the condition has affected other areas of your health.
What Could Life Insurance Help Your Family Pay For?
Type 2 diabetes life insurance is designed to provide financial support to the people who depend on you. If you have a partner, children or other relatives who rely on your income, the payment from a policy could help them manage financially after your death.
The money could be used to:
- Repay some or all of a mortgage
- Cover rent and regular household bills
- Replace part of your income
- Pay for childcare or education
- Meet funeral expenses
- Leave financial support for your family
Insurers will also consider health factors that can be associated with diabetes, including blood pressure, cholesterol, weight, kidney function and cardiovascular health. Where several conditions are present, the insurer will assess their combined effect rather than reviewing each diagnosis in isolation.
Read more about applying for high cholesterol life insurance.
What Will Insurers Ask About?
The insurer will normally ask questions about your diabetes and your wider health. Providing accurate information helps the insurer assess your application and reduces the risk of problems with a future claim.
Questions differ between insurers and we may want to gather information about:
- Your age when you were diagnosed
- Your most recent HbA1c result
- How your HbA1c has changed over time
- The medication or treatment you use
- Whether your treatment has recently changed
- Your height and weight
- Your blood pressure and cholesterol
- Whether you smoke
- The date of your most recent diabetes review
- Any problems affecting your eyes, kidneys, nerves, heart or circulation
- Other medical conditions
- Previous life insurance applications
Depending on the information provided, the insurer may request a medical report from your GP or ask for additional evidence. You will be asked for permission before a report is obtained, and your dedicated adviser at Sports Financial Services will explain what is required at each stage.
Mental and physical health can both affect an application. If you have experienced anxiety, depression or another diagnosis alongside diabetes, our advisers can also explain the options available for life insurance for mental health.
How Much Does Type 2 Diabetes Life Insurance Cost?
There is no standard price for type 2 diabetes life insurance. Your premium will depend on the amount of cover you need, the policy term, your age and your medical history.
Insurers may also consider how long you have had diabetes, how it is controlled and whether you have experienced complications. Applicants whose condition is stable and regularly reviewed may receive different terms from someone whose treatment has recently changed or whose blood sugar levels remain high.
You may be offered standard terms, a higher premium or cover with particular conditions attached. In some cases, the insurer may postpone its decision until more recent medical information is available.
Our specialist team can compare the available options and explain what each insurer’s decision means. We already help people arrange life insurance with medical conditions, so we understand that the lowest initial quote is not always the most appropriate policy.
How Does the Application Process Work?
We will first discuss the cover you need and your medical history. This helps us decide on your options and which insurers are likely to consider your circumstances most appropriately.
You will then complete an application with accurate details about your diabetes, treatment and wider health. The insurer may make an immediate decision, ask additional questions or request information from your GP.
Once terms are available, your adviser will explain the premium, policy conditions and any alternatives before you decide whether to proceed.
What Type of Cover Could You Choose?
The right policy will depend on what you want the cover to protect, examples include:
Level Term Life Insurance
Level term life insurance provides a fixed payment if you die during the policy term. It may suit people who want to leave a set amount for their family.
Decreasing Term Life Insurance
Decreasing term life insurance provides a payment that reduces over time. It is commonly used alongside a repayment mortgage because the outstanding mortgage balance should also reduce.
The amount and length of cover should reflect many factors such as your mortgage, income, family responsibilities and existing protection. Our specialist team can help you assess these commitments without pushing you towards more cover than you need.
Why Choose Sports Financial Services?
Medical underwriting can vary significantly between insurance providers. We use our experience of protection providers and pre-existing conditions to decide where an application is most likely to receive careful consideration.
Our specialism includes:
- More than 20 years of specialist insurance experience
- Access to a range of UK insurance providers
- Support for people with pre-existing medical conditions
- Clear explanations without unnecessary insurance terminology
- Assistance with cover for specialist hobbies, sports or occupations
- Help gathering the information needed for underwriting
- Free, no-obligation quotations
We understand how discouraging it can be to receive a high quote or an automatic rejection. A previous decision does not always mean that every insurer will respond in the same way.
Our broader life insurance for diabetes service supports people with different forms of diabetes and a wide range of treatment histories. We use this experience to help you approach suitable providers and give your application a fair opportunity to be assessed.
Get a Free Type 2 Diabetes Life Insurance Quote
You should not have to navigate the insurance market alone or assume that your diagnosis rules out suitable cover. We will review your circumstances, discuss the protection you need and search for an insurer whose underwriting approach fits your medical history.
Please complete our contact form to request your free, no-obligation quote. Our team will explain the next steps and answer any questions you have about medical history, medical evidence, premiums or policy options.
You can also call us on 0345 565 0935 to speak directly with one of our specialist advisers.