Life insurance Options for Glimepiride (Amaryl) Users.

When it comes to applying for a traditional term life insurance policy or whole life insurance policy after you’ve been diagnosed with type 2 diabetes, what you’re going to find is that the insurance industry is going to be interested in a wide range of factors which could affect your eligibility for coverage.

One of those factors…

Will include what medications you’re using to help treat your type 2 diabetes and how affective those medications have been in controlling your condition.  This is why one of the first questions a life insurance agent is likely to ask once they’ve learned that you have been diagnosed with diabetes is:

“What medications are you using to treat your diabetes and how long have you been taking them?

The good news is that…

When it comes to treating diabetes, most life insurance companies are going to prefer clients who only use “oral” diabetic medications vs “injectable” diabetic medications.  Now it is important to note that individuals who do use injectable types of diabetic medication can and often will be eligible for a traditional term or whole life insurance policy, it’s just that they may not have as many options as those who only take digestible forms of diabetic medications.

About Glimepiride (Amaryl).

Glimepiride (Amaryl), is a prescription medication that is typically used in combination with a proper diet and exercise to help reduce sugar levels in those who suffer from type 2 diabetes.

And as mentioned previously…

Because Glimepiride is an “oral” medication, many individuals who have been prescribed will find that they should be able to qualify for a traditional term or whole life insurance policy.  In fact, many of them may even be able to qualify for a simplified no medical exam life insurance policy which will not only allow them to avoid having to take a medical exam, it could also shorten the application to just a few hours vs several weeks!

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 need to make sure that your diabetes is well under control.

Which is why…

You’re likely to be asked a series of questions about your diabetes which will give your insurance agent and the insurance underwriter a pretty accurate picture of your overall health.  These questions will likely include:

  • How old were you when you were first diagnosed with diabetes?
  • How long you have been treating your diabetes?
  • How long have you been taking Glimepiride (Amaryl)?
  • Are you using any other medications to treat your diabetes?
  • What is your current height and weight ratio?
  • How often do you check your blood sugar levels?  And what would you estimate your daily blood sugar level average be?
  • When was the last time you had an A1C test performed?  What was the value of that last test?
  • 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?
  • Are you currently working now?
  • In the past 12 months, have you applied for or received any form of disability benefits?
  • Do you participate in any dangerous hobbies?
  • Have you ever been convicted of a felony or misdemeanor?

You see…

While being prescribed Glimepiride is going to play a role in the outcome of your application, it doesn’t have to “ruin” it.  Instead, your life insurance agent should use the “Glimepiride” prescription as a “roadmap” in how to underwrite your life insurance application and thus determine which insurance company may be the best for you.

Because it’s important to understand…

Just like every applicant is a unique individual, so too are insurance companies.  And while individual applicants may vary based on height and weight, date of birth, etc, ect…  So, too will insurance companies, only instead of differing based on personal characteristics, they’re going to vary on things like:

  • Price,
  • Product offerings,
  • And underwriting criteria.

And when it comes to…

Helping someone who has been diagnosed with a pre-existing like type 2 diabetes, we here at TermLife2Go believe that having access to dozens of different life insurance companies with a wide variety of products and underwriting guidelines will be the most important factor in helping our clients find the “best” life insurance policy at the “best” price!

About TermLife2Go…

Here at TermLife 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 Glimepiride to treat their type 2 diabetes, rather than take the approach of seeing if “You’ll” be able to qualify for coverage, we like to make it a “challenge” and not just try and find an insurance company that will insure you!  We want to make the insurance companies “compete” for you!

And while it’s true…

That there will be those who are taking Glimepiride 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!

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.

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