Affordable final expense policies and diabetes are not mutually exclusive. Diabetes is a manageable chronic condition. Final expense insurance can be a manageable expense that will pay off in the end. Learn more about how living with diabetes and obtaining final expense insurance is manageable.
Diabetes is a disease that occurs when your blood glucose is too high. Blood glucose is the body’s main source of energy. Insulin is the hormone produced by the pancreas that converts blood glucose into energy and delivers it to various organs and muscles in the body. When you have an insulin deficiency, too much insulin, or your insulin is otherwise compromised, you can experience severe health issues.
As you may know, health problems can complicate your life in multiple ways. One way is making almost everything more expensive. That being true, you might think that affordable final expense insurance is out of the question. Nothing could be further from the truth.
Affordable Final Expense Policies are Available for Diabetics
Remember that in the case of final expense insurance, there is no medical exam. Many diabetics that could qualify for a final expense policy don’t even look into it, because they assume they’ll be denied. We work with several providers that offer guaranteed issue policies and acceptance rates are remarkably high.
In addition to high acceptance rates, most providers have competitive rates that make affordable final expense policies a reality. Companies like Great Western offer several options that make their guaranteed acceptance policies incredibly attractive.
What Questions Will an Insurance Company Ask?
While there is no medical exam, there will be questions about your health. These questions should always be answered honestly, as lying is a form of fraud. No answer to any of these questions means that affordable final expense policies are not available.
Some of the questions for diabetics may include:
- Were you diagnosed prior to age 50?
- What medications are you currently taking?
- Have you ever had an amputation due to your diabetic condition?
- Have you ever gone into insulin shock?
- Have you ever been in a diabetic coma?
- What is your height and weight?
- Is your diabetes type 1 or type 2?
- How many units of insulin are you taking per day?
- Do you have diabetic neuropathy (nerve or circulatory issues)?
- Do you have diabetic retinopathy (eye issues)?
- Do you have nephropathy (kidney issues)?
Remember no answer to these questions will disqualify you or even guarantee that you will pay a higher rate for your final expense insurance policy.
There are also questions you might be preparing for but are almost never asked. Some topics most companies almost never ask about include: A1C levels, how many years you have been diabetic, and family history. If you want to work on improving your health, learn more here.
What if I Have Complications Due to My Diabetes
Diabetes is a common condition. With so many diabetic applicants, most final expense insurance companies have adjusted policies to help diabetics qualify. Affordable life insurance policies are even available if you have serious complications as a result of your diabetic condition.
Some of the conditions that can still allow you to obtain a policy include:
- Neuropathy
- Nephropathy
- Retinopathy
- Diabetic coma
- Insulin shock
- Amputation
While diabetes may have made your life more expensive in other regards, it may not make your final expense insurance policy too expensive.
Affordable Final Expense Policies: How Do You Find One?
The process of finding an affordable final expense insurance policy might seem overwhelming. Benefit Choice Direct exists to make this process easier. Our skilled and experienced agents can help you find the best fit for your needs.
We work with several providers to help our clients find an affordable policy, even with diabetes and conditions that are caused by diabetes.
Speak with one of our experts today to get a quote that will fit your budget and lifestyle.