You may also want to read our article Best Life Insurance for Diabetes
Whenever we get a client asking us if their Lantus or Glargine prescription is going to affect their life insurance application the first thing that we need to remember is that Lantus is one of those few prescription medications that can be used to treat BOTH type 1 and type 2 diabetes. Which means that, the first thing that we need to determine is, what TYPE of diabetes do you have?
Additionally, it’s important to note that since Lantus is an “injectable” form of insulin, there will be some insurance companies that will immediately “penalize” applicants using Lantus vs another “orally” administered diabetic medication (Not to worry, we know which insurance companies will and won’t penalize our clients).
Often referred to as juvenile diabetes or insulin-dependent diabetes, is defined as the chronic condition in which the pancreas produces little or no insulin.
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.
Lantus (glargine) is a long lasting, man-made, form of a hormone that is produced in the body and used to treat type 1 or type 2 diabetes, it works by lowering levels of glucose in the blood. It is designed to begin working several hours after injection and work evenly for 24 hours.
Now it goes without saying that…
Type 1 diabetics are typically going to have a more difficult time finding coverage than type 2 diabetics will, however it should be noted that “well managed” diabetics regardless of what “type” they are should be able to find coverage provided that they know where to look.
Questions used by the insurance industry to determine how “well” your diabetes is being managed will include:
- What is your current height and weight?
- At what age were you first diagnosed with diabetes?
- Have you been diagnosed with any other pre-existing medical conditions?
- Aside from your Lantus prescription, are you taking any other prescription medications?
- In the past 12 months have you used any tobacco or nicotine products?
- Do you test your blood sugar daily?
- What’s your average daily blood sugar level?
- What was the value of your last A1C?
- How often do you visit your primary care physician?
- Have you ever been hospitalized due to your diabetes?
- Are you currently working?
- In the past 12 months have you applied for or received any form of disability benefits?
From here, the insurance companies can get a pretty accurate idea of how well your diabetes is being managed and determine whether or not it will be necessary to order medical records.
Now as a general rule of thumb…
You’re going to find that a lot of life insurance companies will be hesitant to insure any type 1 diabetics or any type 2 diabetics that are currently using an “injectable’ form of insulin. The good news is that relatively recently, several “highly rated” life insurance companies have begun to “loosen” up on their underwriting guidelines.
Which means that…
Provided that your Lantus is working, you still may be eligible for a great fully underwritten term or whole life insurance policy provided that you know where to look!
So what are you waiting for?
Here at TermLife2Go we work with dozens of highly rated life insurance companies so that when it comes time to finding coverage for those more “difficult” cases, we know right were to look! So just 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.