You may also want to read our article Life Insurance with type 2 Diabetes: 24 hour Approval.
Whenever we’re working with a client that has been diagnosed with type 2 diabetes and is using a medication like Avandamet, our first priority is to try to determine how well the applicants type 2 diabetes in under control.
We do this by asking 2 basic questions:
- Do you know what your daily blood sugar averages are?
- Do you know what your last A1C is?
These two questions will give us a pretty good idea on first how knowledgeable the applicant is about their health and second how well their diabets is being managed.
Avandamet is a diabetic medication that contains a combination of both Metformin and Rosiglitazone, two oral diabetes medications that help control blood sugar levels. Avandamet can be prescribed to treat type 2 diabetes, and is not used intended for treating type 1 diabetes.
About Type 2 Diabetes:
Type 2 Diabetes or adult-onset diabetes is a metabolic disorder that is characterized by high blood glucose in the context of insulin resistance and relative insulin deficiency. This is in contrast to diabetes mellitus type 1, in which there is an absolute insulin deficiency due to destruction of islet cells in the pancreas. Type 2 diabetes makes up about 90% of diabetic cases.
As a general rule of thumb, it will be much easier for a type 2 diabetic to find life insurance coverage than it will be for a type 1 diabetic.
Underwriting Questions for diabetics:
Type 2 diabetics will generally be asked the following questions in some form or another in order to determine how well their diabetes is being managed:
- How old were you when you were first diagnosed with diabetes?
- How long have you been treating your diabetes?
- How often to you see your primary doctor?
- Do you check your blood sugar daily?
- What is your daily blood sugar average?
- What was your last A1C level?
- What is your current and height and weight?
- Is Avandament the only medication that you are using?
- Have you changed prescriptions to treat your diabetes within the last 12 months?
- Do you have any other pre-existing conditions?
- Are you taking any other prescription medications?
- Do you suffer from any symptoms such as nerve pain as result of your diabetes?
- Are you currently working?
- In the past 12 months have you applied for or received any form of disability benefits?
- In the past 12 months have you used any form of tobacco or nicotine products?
As you can see these questions can be quite extensive, the good news is that they can also be used to pretty accurately determine if you’ll be eligible for life insurance as well as help determine what rate class you may or may not qualify for.
We here at TermLife2Go…
We here at TermLife2Go will also use the answers to these types of questions to help us determine which life insurance company may be best for you.
You see, as an independent life insurance brokerage, we here at TermLife2Go are free to pick and choose between dozens of different life insurance companies in an effort to find you the best possible life insurance policy out there!
Which means that, when it comes to placing those “Higher Risk” applicants such as those with type 2 diabetes, we’re able to “shop” your application with several different life insurance companies that we have found to be particularly friendly when it comes to insuring diabetics.
So what are you waiting for? Give us ca call today and see what we can do for you!
Lastly you may also be interested in taking a look at our Life Insurance Quotes page where you can compare life insurance quote from companies that will require a medical exam vs companies that won’t require a medical exam side by side!
And since we still have your attention…
It’s fair to say that most people who decide to purchase a life insurance policy do so that they can protect their loved one’s financial future in the event of their death.
But what happens if you get sick but don’t die?
Is your family’s financial future still protected? Probably not. Which is why we would encourage you to also take a look at the following articles which will discuss some other “types” of life insurance policies that can not only protect your family’s financial future, they could also significantly help our your own as well.