Whenever we have a client tell us that they are currently using Levemir (Insulin Detemir) we to treat their diabetes, the first thing that we need to ask is:
“What type of diabetes do you have? And How well is it being managed?
Regardless of what “type” of diabetes that you have, provided that your diabetes is being well managed and you’re not severely overweight and/or use any type of tobacco, there should still be a very good chance that you’ll still be eligible for a great life insurance rate. You’ll just need to be more “careful” with which life insurance company that you ultimately decide to apply for coverage with.
Levemir (insulin detemir) is a man-made prescription form of insulin (a hormone that is produced in the body). Levemir is a long-acting insulin that works by lowering levels of glucose (sugar) in the blood several hours after injection and keeps working evenly for up to 24 hours. Levemir can be used to help treat those with both type 1 and type 2 diabetes, which is why its important that you choose to work with a life insurance agent who is family with both conditions and understands the different underwriting criteria that will apply to both conditions.
Type 2 Diabetes or adult-onset diabetes and Type 1 Juvenial Diabetes:
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.
Now the main factors that are going to come into play…
With regards to what type of life insurance you’ll be able to qualify for will mostly center around how “well” your diabetes is being “managed”. To determine this, insurance companies will typically have a list of questions that they like to use.
Common questions asked pertaining to the management of an applicant’s diabetes:
- At what age were you first diagnosed with type 2 diabetes?
- What is your current height and weight?
- How long have you been taking Glucophage?
- Is Glucophage the only prescription medication you’re using to treat your type 2 diabetes?
- Do you have any other pre-existing medical conditions?
- Are you taking any other prescription medications other than Glucophage?
- Do you check your blood sugar levels daily?
- What’s a typical daily blood sugar average?
- When was the last time you had an A1C test?
- What was the value of your last A1C?
- How often do you visit your primary care physician?
- In the past 12 months, have you used any tobacco or nicotine products?
Now depending on how you answer these questions, will for the most part, determine which type of life insurance policy you’ll most likely qualify for as well as give us here at TermLife2Go a pretty good idea on “WHICH” life insurance company might be best for you.
Here at TermLife2Go, we’re going to ask a lot of the same questions and the insurance companies, so that we can not only learn which type of life insurance policy you’ll be able to qualify for, but also which life insurance company will most likely be right for you.
This is because…
Each individual life insurance company is going to have its own set of internal rules and regulations when it comes to determining who they wish to insure.
Which means that it’s quite possible that you may find there are several insurance companies out there that are just not all that interested in insuring type 1 or type 2 diabetics!
Which is why their pricing may be “through the roof” while another insurance company is really interested in earning your business and price their policies accordingly!
Confused? Do be, this is why we’re here!
We here at TermLife2Go have chosen to remain and independent life insurance brokerage that is able to work with dozens of highly rated life insurance companies which means that should you choose to apply for life insurance using our services, not only will you have access to dozens of different life insurance companies, you’ll also have your own help life insurance agent guiding you through the entire application process!
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.