In many ways, purchasing a life insurance policy has never been easier than it is today. With modern advancements in technology, insurance companies are finding may ways to “simplify” the process of applying for life insurance and as a result have, have been able to “flood” the market with a ton of new types of life insurance products and policies.
Advancements in the medical sciences has also allowed insurance companies to being “considering” offering coverage to those who maybe just a few decades ago would have been considered uninsurable!
The problem is…
That with all of these new advancements in technologies and products, at times, it can be difficult for an individual to decide “which” life insurance policy is going to be the “right” life insurance policy for them. This is a problem which will affect most life insurance applicants and will only become more complicated if that applicant is currently using Glyburide (Glynase)!
About Glybruide (Glynase).
Glyburide is a digestible prescription medication that is used to treat/manage type 2 diabetes. Typically, Glyburide will be used in combination with a proper diet and exercise problem to help reduce the levels of one’s blood sugar.
With regards to…
Being able to qualify for a traditional term life insurance policy or whole life insurance policy, what you’re generally going to find is that because Glybruide (Glynase) is an “oral” diabetic medication vs an “injectable” diabetic medication, qualifying for coverage should “theoretically” be easier, and may even make you eligible for a no medical exam life insurance policy!
That said however…
It’s important to understand that prior to being approved for any traditional term or whole life insurance policy, the insurance companies are going to want to know that your type 2 diabetes is well under control. Factors that will be examined when trying to determine how well you’re managing your diabetes will include (your):
- What age, you were first diagnosed with diabetes?
- How long you have been treating your diabetes?
- Current height and weight ratio?
- How often do you check your blood sugar levels and what is your daily blood sugar level average?
- What was the score of your latest A1C?
- Are you experiencing any symptoms associated with your type 2 diabetes?
- In the past 12 months have you used any tobacco or nicotine products?
Then, this information will be combined with other information such as:
- Have you been diagnosed with any other pre-existing medical conditions?
- Have any of your immediate family members (mother, father, brother or sister) ever been diagnosed with cancer, heart disease, stroke or diabetes?
- Do you have any issues with your driving record? Multiple moving violations or DUI’s within the past 2 years?
- Do you have a dangerous occupation?
- Do you participate in any dangerous hobbies?
- Have you ever been convicted of a felony or misdemeanor?
Once the insurance companies determine that you’ve been prescribed Glyburide (Glynase), they’re going to use this prescription as a “road map”, to which follow up questions that they should ask. From there, based on the information that they gather, they will be able to make a decision on whether or not you represent an “acceptable” risk to them. And this is where… TermLife2Go steps in.
Here at TermLife2Go…
We operate as an independent life insurance brokerage that isn’t limited to just one or two different life insurance companies. In fact, we work with several dozen different life insurance companies so that when we do encounter a client that is taking Glyburide to treat their type 2 diabetes, rather than take the approach of seeing if “You’ll” be able to qualify, we here at TermLife2Go look at it like “which” insurance company is going to make the grade!
And while it’s true…
That there will be those who are taking Glyburide to treat their type 2 diabetes that won’t be able to qualify for a traditional term or whole life insurance policy. In which case, we may need to consider a guaranteed acceptance life insurance policy. We work hard every day to make that number of ineligible applicants as small as possible.
So, what are you waiting for? Give us a call today or visit our Term Life Insurance Quotes page and see what we can do for you!