For a lot of insurance companies and insurance brokerages, the prescience of Novolog Mix 70/30 on any applicant’s prescription database check can often mean an automatic decline.
You see, when it comes to getting approved for life insurance…
After you’ve been diagnosed with type 1 diabetes, some insurance companies out there simply aren’t going to be interested in offering you a fully underwritten term or whole life insurance policy. And to make matters worse, in many cases they may make an applicant feel that because their insurance company won’t provide coverage, no other company will either!
Now we don’t want to “sugar coat”…
Your situation, or make someone think that qualifying for a fully underwritten term or whole life insurance policy after you’ve been diagnosed with type 1 diabetes is going to be easy, because it’s not.
We also don’t want to…
Discourage you from trying to find coverage particularly if you’ve already been turned down from some of the major life insurance companies out there, particularly those companies that also focus much of their time and energy on home and auto insurance. So with that said, let’s learn a little bit more about what we’re working with.
About Novolog Mix 70/30:
Novolog Mix 70/30 (insulin aspart) is a fast-acting form of insulin that is used to treat type 1 (insulin-dependent) diabetes in adults and children that are at least 2 years old. It is typically given together with a long-acting insulin.
About Type 1 Diabetes:
Type 1 diabetes is usually diagnosed in children and young adults and was previously known as juvenile diabetes. Patients with type 1 diabetes do not produce insulin. Insulin is a hormone that is needed to convert sugar, starches and other food into energy needed for daily life. Approximately only 5% of people with diabetes have type 1, which when properly treated is a fully manageable condition.
Now as those who suffer from Type 1 diabetes know that there are many variations of symptoms from one case to the next. Mild cases may only see polyuria (frequent urination) or polydipsia (increased thirst) and polyphagia (increased hunger) while more severe cases can lead to an increased risk of cardiovascular disease, stroke, blindness and kidney failure. Which is why, you going to find that insurance companies are going to be very interested in the “severity” of your diabetes and how well it is being “managed” prior to making a decision on whether or not you’ll make a good “risk” for insurance.
Questions insurance companies will likely ask in order to learn more about your type 1 diabetes:
- At what age where you first diagnosed?
- How long have you been treating your diabetes?
- Is Novolog Mix 70/30 the only medication you are using to treat your diabetes?
- Has your Novolog 70/30 prescription changed during the past 12 months?
- How often do you check your blood sugar and what’s the average level?
- When was the last time you had an A1C test performed and what was that level?
- What is your current height and weight?
- In the past 12 months have you used any tobacco or nicotine products?
- Are you currently working now?
- In the past 12 months have you applied for or received any form of disability benefits?
Now as we’ve said before, getting approved for a traditional term or whole life insurance policy with type 1 diabetes isn’t going to be easy, but if you’re able to demonstrate that your diabetes is being well managed and that it’s not affecting how you go about your daily life, there are several different “top notch” insurance companies that will consider you as a possibility!
So what have you got to lose?
You see, here at TermLife2Go, we’re not afraid to take on a challenge and in fact have built our whole agency around taking on those more “challenging” applications. In fact, it’s the main reason why we choose to work with so many different life insurance companies so that when we do get that call from a client who has already been turned down one or two times, we may still have that third option that may just be the “Answer”!
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.
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.