What are some affordable life insurance policies for people with diabetes?

Question

Looking for $400,000 in coverage.

Answer 1

You need to work with someone who has experience handling these types of issues.  Expect them to ask questions like:

type I or type II?

how long ago were you diagnosed?

what's your  a1c (or average glucose if you don't know that)?

what meds are you taking?

how often do you see your doctor?

do you have any other ailments like kidney or coronary problems?

any complications like vision problems, tingling in your extremities, etc?

do you use nicotine and what type?

what's your height and weight?

Final offers depend on your experience with the disease, how well it is controlled, and placing your risk with the right company.  Not all companies handle the same risk the same.  I have seen everything from standard to declines.  An "average" offer might be a table 2-4.

Answer 2

Test the market before committing somewhere.

MetLife.com has a good life insurance selector online tool.  I think it gives you a quote on premiums for different amounts.

GHP.com (Global Health Plan)

Ask them for a quote on how much your monthly cost would be with them.

Mercyhealthplans.com

Ask for a quote

Compare the 3 prices.  They should give you a full discription of the benefits to your plan according to the full discloure principle, so just call each up, ask for info, and you'll figure it out.  G'luck

Answer 3

Well, if you're looking to pay $200 a year or so, it's not out there - that's like  finding the $25 brand new Cadillac.

Diabetes doesn't make you uninsurable, if you're a healthy weight and your A1C is good.   You're going to be rated.   But it CAN be affordable, if you're realistic about the prices.

You need to talk to a local, independent life insurance broker, who represents LOTS of companies.   Then you fill out the application, he sends inquiries out to LOTS of companies, and you find out what that much coverage is going to cost you.

You have to keep in mind, insurance is just like gambling.  The rates vs. payouts, are effectively ODDS.  And the odds are ALWAYS going to favor the house.  Can you buy the coverage?  Yes.  Are you going to be willing to pay the premiums?  Maybe not.