So you’re currently taking Humulin 70/30 or Humulin N and you’re wondering if it’s going to affect your chances at getting insured for life insurance, well the short answer is “Yes” using Humalog B to treat your type one (insulin-dependent) diabetes is going to affect your chances at being approved for life insurance.
It’s not the Humulin that’s going to be what’s causing the issue, it’s more the fact that you’ve been diagnosed with type 1 diabetes and most life insurance companies really don’t aren’t all that thrilled about insurance someone who has been diagnosed with type 1 diabetes.
With that said however…
It’s important to note type1 diabetes can still qualify for traditional term or whole life insurance policies, in fact we find coverage for them all the time. Which is why even if you been turned down before, don’t be afraid to give us a call, particularly if…
“You’ve been turned down by a MAJOR insurance company that also likes to insure automobiles and houses!”
(We don’t like to name names so we won’t, but for the record, some of the major life insurance companies that you’ll often see advertising for home and auto insurance are just terrible choices for diabetic life insurance applicants!)
Understanding Humulin 70/30 and Humulin N as well as other important factors in determining your eligibility.
Humulin is a man-made form of a hormone that is produced in the body used to treat type 1 (insulin-dependent) diabetes in adults. It is usually taken with another long-acting insulin that works by lowering levels of glucose in the blood. How well it is working to control your blood sugar levels will usually be determined by knowing what your daily blood sugar average is as well as what your three month blood sugar average or A1C is.
Additional questions that will likely be asked by the insurance company prior to offering someone with type 1 diabetes will include:
- At what age were you diagnosed with type 1 diabetes?
- Do you have any other pre-existing medical conditions?
- Aside from Humulin are you taking any other prescription medications?
- How often do you see your primary care physician?
- Are you suffering from any complications due to your type 1 diabetes?
- What is your current weight?
- Have you experienced any recent weight gains or losses over the past 12 months?
- Have you used any nicotine or tobacco products in the past 12 months.
Now we’re not going to lie to you…
Getting approved for life insurance as a type 1 diabetic isn’t going to be the easiest thing in the world to do, which is why before you actually go through the actual process of applying, you should be sure that your agent is giving you an “accurate” quote before you begin.
This is because, if it doesn’t look like the coverage will be within your price range, why go through the “hassle” of applying?
After all, if you don’t think you’ll want to take the coverage once you’re approved for the coverage, wouldn’t it be easier to simply avoid taking a medical exam and being stuck with a needle and just pursue another type of coverage, maybe one that won’t require a medical exam?
This is why, we here at TermLife2Go…
Will take the time to walk you through the entire process of what it will take to get approved and also do our best to give you an accurate estimate on what we feel the insurance will cost. This way if it looks like it might be a good fit for you, we’ll give it a try.
Now we don’t want to scare you…
Away from applying we just want to give you a “heads up” that in general, most type 1 diabetics that do qualify for life insurance will qualify at what is called a “table rating”.
What is a “table rating”?
Table ratings are rate classes listed below what is called a Standard or “normal” health rating and will therefore be more expensive.
Well that will depend mainly on how old you are when you apply. Which means that if you are thinking about buying life insurance, you really should get started right away!
So what are you waiting for? Give us a call today and see what we can do for you!
Lastly, because well controlled diabetes can possibly qualify for a traditional term or whole life insurance policy without having to take a medical exam, we would encourage you to take a look at our Life Insurance Quotes page that allows you to compare prices of policies that will require you to take a medical exam vs those that won’t.