Suffering from diabetes doesn’t mean you will automatically pay more on your life insurance. If you suffer with type 2 diabetes and your condition is well controlled in a lot of cases you can receive standard terms on your policy. We work with a expert life insurance brokerage that often get our diabetic clients superior rates on their life insurance, sometimes cheaper than non-diabetics. If you wish to receive a quotation from them feel free to click here.
What is Diabetes
Diabetes can be due to either your pancreas not producing enough insulin or the cells of the body not responding properly to the insulin you produce. There are 3 main types of diabetes mellitus;
- Type 1 diabetes – this is caused by your pancreas failing to produce enough insulin and has normally no cause known.
- Type 2 diabetes – normally starts with your cells failing to respond to insulin properly and then as the disease progresses a lack of insulin may develop. This type of diabetes use to be known as non-insulin dependant diabetes and the primary cause is being overweight and not enough exercise.
- The 3rd type of diabetes is gestational diabetes and occurs when pregnant women develop high blood-sugar levels. After the birth of the child, blood sugar levels usually return to normal.
For more indepth look into diabetes feel free to have a look at some information by Diabetes UK.
Why Can I not get Critical Illness Cover if I have Diabetes?
Historically any form of diabetes was a decline with all the insurance houses in the UK. However now we work with a few insurance houses that will offer critical illness cover with an increased premium to sufferers of type 2 diabetes (where it’s well controlled), however there usually insistant on receiving a report from your doctor first. However for type 1 they will only allow life cover only.