Have you recently been diagnosed with diabetes? Or have had diabetes for some time? Are you looking for diabetes life insurance? iLL is a comparison service specialising in helping people with pre-existing medical conditions like diabetes find life cover for themselves and their loved ones. We have a unique comparison service, and work with approved group of impaired insurance specialists. With us you can find the right diabetes life insurance policy at the best price.
Diabetes is classed as a pre-existing medical condition. It is typically lifelong, and occurs when a person's blood sugar levels become too high. Insulin is the hormone that regulates the amount of sugar that is present in our blood. Insulin is produced by the pancreas. As we digest food, insulin from the pancreas moves glucose (which gives us energy) out of our bloodstream and into cells. People with diabetes are not able to break down glucose because of a lack of insulin in their body.
There are two main types of diabetes, type 1 and type 2. A person that has type 1 diabetes suffers from an immune system that destroys cells that produce insulin. A person that has type 2 diabetes won't be able to produce enough insulin naturally. Type 2 diabetes is far more common, with just 10% of adults diagnosed with type 1. Those who are diagnosed with type 1 diabetes do not need to make lifestyle changes, and will frequently require insulin injections throughout their lives. Those with type 2 diabetes will need to manage their weight and sugar intake, exercise regularly and in many cases take medications to keep their blood sugar levels balanced.
As diabetes is common and considered to be a pre-existing medical condition in the world of insurance and underwriting, many insurers will accept applications. Fill in our simple 30-second form to compare quotes for diabetes life insurance from our approved network of impaired insurance specialists.
The life insurance market can be confusing, and it can be difficult to find the right policy for a condition like diabetes without doing great amounts of research. Every life insurance application varies from person to person, and will depend on the answers you give. If you manage your diabetes well by keeping healthy and active, an insurer is likely to accept you for life insurance cover. All insurers will however manage their level of risk when assessing your application. With iLL you can easily find the right diabetes life insurance for your circumstances. Just enter your details into our form on this page to be instantly matched with FCA-regulated impaired insurance specialists that meet your requirements.
Many insurers consider diabetes to be a pre-existing medical condition (like asthma). Generally speaking, if you have a pre-existing condition, you should expect to pay higher premiums than a person with no health conditions at all when applying for life insurance. However, premiums for diabetes life insurance should be no more than other pre-existing medical conditions. Premium costs will however depend on your general health and lifestyle, whether you are overweight, the medications you take to control your diabetes, whether you smoke, and whether you have had any associated health complications that are linked to diabetes such as heart disease or stroke.
Prices from insurers will vary, which is why iLL's matching service is the perfect tool to find the best diabetes life insurance specialist.
You may find that a loading fee is applied to your policy. This is an increase on the price you pay as a premium, depending on your level of risk to an insurer. For instance, if you have had severe health complications such as a heart attack, stroke or heart disease that is linked to your diabetes, or if you are not taking medications to control your symptoms and making healthy lifestyle choices, an insurer may take the view that there is a great chance of a claim being made in future. A loading fee may therefore be applied to cover this risk.
At iLL, our specialist impaired life insurance partners and comparison service can help you find the right FCA-regulated diabetes life insurers that suits your needs. You can compare prices and find the best deal so that all of your insurance requirements are met. It's quick and easy to get your quote.
iLL works with many of the UK's leading diabetes life insurance providers. With our panel of FCA- registered impaired life insurance specialists, you can receive quotes from more than one diabetes life insurance provider. Simply enter your details into one of our quick and easy online forms to receive quotes. This should help you to find:
It is estimated that there are over 4.5 million people in the UK who are living with diabetes. While there are more life insurance options available to those seeking cover, it can be difficult to secure a critical illness cover policy. If you were diagnosed with diabetes over the age of 50, have the condition under control and keep a healthy and active lifestyle, an insurer may consider you for critical illness insurance. On the standard life insurance market, critical illness cover is not offered to people with type 1 diabetes. However, for those with type 2 diabetes there are now a small number of providers offering cover. Some exclusions may apply, including conditions relating to cardiovascular complications and eye health. However, if you have not suffered from weight gain, retinopathy or neuropathy, iLL's policy comparison service can help you find the right cover.
For more information about living with diabetes, visit the following links:
British Heart Foundation – Diabetes