Why Having Type 2 Diabetes Affects Your Application for Life Insurance
According to the American Diabetes Association, there are approximately 1.4 million Americans who are diagnosed with diabetes every year. Unfortunately, although it is a common condition that can cause a person to have high blood sugar, diabetes is also considered to be the seventh leading cause of death in the U.S.
There are two types of diabetes. Type 1 and Type 2. About 95% of those who have this condition have Type 2 diabetes. This means that they have high blood sugar that is primarily due to a lack of insulin.
Although there are ways Type 2 diabetes can be treated and controlled, at this time there is no cure. If the condition is not controlled or managed, Type 2 diabetes can lead to more serious health issues, including heart attack, stroke, and kidney disease.
For these reasons, when a person with Type 2 diabetes applies for life insurance coverage, the underwriters will more closely review their application.
In some cases, depending on how long an applicant has had Type 2 diabetes, as well as how serious the condition is, the application for life insurance coverage may be denied altogether. Or, it may be approved, but at a substandard rating and higher premium cost.
How to Control / Manage Your Type 2 Diabetes
There are ways to help in controlling and / or managing Type 2 diabetes. One way is to ensure that you eat a healthy diet. Another way is to maintain a regular exercise program and to stay active. By doing so, the insurance underwriters will see these as positive steps.
Regularly visiting your health care provider is also viewed by the insurance underwriters as a plus. This shows that you are taking an active role in your health and that you are doing what you can to treat your condition in the best manner possible.