What Every Diabetic Needs to Know about Life Insurance

Life insurance is a vital part of protecting your family in the event of an unfortunate event. It provides financial stability in times of need, which is why it’s important for everyone, including those with diabetes, to have life insurance. However, being a complex financial product, life insurance requires careful consideration. 

It’s important to understand what life insurance is, what it covers, and how it can help you protect your family. To assist you in your endless endeavor to provide for your family, in the following sections we’ll discuss everything you need to know about life insurance for those with diabetes.

What Life Insurance Can You Get Being a Diabetic?

Generally, insurance companies will reject people with preexisting conditions. And, if they do offer a policy, it’s likely going to be more expensive than usual and come with a myriad of caveats. The question isn’t whether or not you can get life insurance as a diabetic, but how much will it cost? These are all things you should consider when determining what type of policy is right for you.  Bottom line is this.  Life insurance for diabetics is easily obtainable, and very affordable.

Factors like your age, health status, and family situation play an important role in finding out what type of life insurance is right for you. Take time to review each section below as they provide valuable information on finding affordable coverage that fits your individual needs. However, suppose you don’t want to go through the usual process of acquiring a new insurance policy.

In that case, you may want to consider no medical exam life insurance policies, also known as guaranteed issue policies. This is because these policies have been designed specifically for high-risk individuals such as those who suffer from diabetes. Don’t let being a diabetic stop you from securing life insurance; there are viable options available to help make sure your family’s future is secured regardless of any preexisting condition.

Pros and Cons of No Exam Life Insurance

Just like every other product on the market, you’re going to want to weigh all your options before purchasing anything. Although no exam life insurance may seem appealing at first, is it really worth it? Or would it be better for you and your family if you spent a little more time researching your other options. 

Let’s discuss some pros and cons associated with these policies so that you can make an informed decision that’s best for your financial situation.  For some, non medical exam life insurance for diabetics may be the best option.


1. The primary benefit offered by no medical exam guaranteed issue life insurance is that they don’t require any physicals or blood work prior to issuing coverage. This means that regardless of whether or not you are a diabetic, obese, or suffer from any other preexisting condition, you will still qualify for coverage under these plans.

2. Your premium rate will be determined by your current age, ability to manage your diabetes, and many more.


1. You will have to pay higher premium rates for your life insurance policy because you are considered a high-risk individual. This is why it’s important to make sure that you shop around for insurance quotes from different providers prior to deciding on a plan so that you can find one that fits within your budget and also provides suitable coverage for your family.

2. Oftentimes, no medical exam life insurance policies aren’t as comprehensive as others, meaning there may be limitations on what you can claim or what’s covered in these plans versus others.

3. If you happen to demise within the waiting period, your family or loved ones won’t receive any death benefit.

How Type-1 Diabetes Affects the Cost of Life Insurance

Type-1 diabetes, also known as juvenile diabetes or insulin-dependent diabetes, is a long-term disease that occurs when your pancreas fails to produce enough insulin. Essentially, it prevents you from being able to control your blood sugar levels and forces you to rely on multiple injections each day for survival. It’s a serious condition but one that can be managed with proper care and treatment if caught early enough. 

Just because you have type-1 doesn’t mean that you’ll be automatically denied life insurance coverage. It all depends on factors such as how well you manage your disease, for how long you’ve had it, your current age, and more.  However, life insurance for type 1 diabetes will be more expensive compared to a person with type 2 diabetes.

How Type-2 Diabetes Affects the Cost of Life Insurance

With type-2 diabetes, also known as noninsulin-dependent diabetes or adult-onset diabetes, your body becomes resistant to insulin, so your pancreas makes more in order for you to properly control your blood sugar levels. The good news is that, unlike type 1, it can often be managed through diet and exercise instead of medication. You’re not going to be automatically denied life insurance if you have type 2, either. 

While some companies may charge you a little bit more due to these medical conditions, it doesn’t mean that you can’t find suitable coverage with a low premium rate elsewhere. For certain individuals, you may qualify for life insurance with type 2 diabetes at the same rates nondiabetics qualify for.  It all depends on how well you manage your disease and what options are out there for you when it comes time to purchase coverage.

Management of Diabetes can Help You Lower Your Rates.

The most important thing you can do in terms of managing your medical condition is to remain as healthy as possible. The healthier you are and more stable your disease is, means that you’re less likely to experience any complications that could potentially impact your future health or interfere with life insurance coverage. It also means that you’ll be seen as a lower risk for life insurance companies which means that if anything does happen, like, say, a heart attack, they’re going to have more of an incentive to pay out claims.

As long as you stay on top of things and take proper care of yourself now, it will only help ease some stress off your shoulders and allow you to focus on enjoying your life versus stressing over how much everything costs.

How To Find the Right Life Insurance Coverage?

When it comes time to find life insurance, you’re going to want to make sure that you shop around and compare prices from multiple companies. This is because every company will have different rates, meaning there’s a possibility that another provider might be able to offer a lower premium rate or more comprehensive coverage than your current one. 

Make sure that you look for quotes from both large and small insurance providers as well as those that are local in your area. What you want is the lowest premium rate with the best value, so don’t settle just because an insurance company has an office.

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