Affordable Life Insurance for Diabetics in Tennessee

Finding the Right Policy for Diabetics

Finding an affordable and reasonably priced life insurance policy with diabetes is challenging, but it’s not impossible. It just requires you to be patient and spend a bit more time researching your options.

Being educated on the factors insurers look at to determine whether you qualify for their policies can help you find a company that will insure you. Knowing the criteria insurers evaluate you on can also help you manage your life to improve the conditions that are within your control.

Factors Affecting Life Insurance for Diabetics

Control Methods

Medication: Insulin or metforminExercise and Diet: Non-medication control

Blood Sugar Readings

Regular blood glucose meter readings monitor how well-controlled your diabetes is.

Body Mass Index (BMI)

BMI provides a measurement to determine how you compare to those with a healthy body weight.

Physical Activity

Regular physical exercise helps manage stress, decrease blood sugar levels, and improve general well-being.

Presenting Your Condition to Insurers

Knowing how to present your condition to insurers and brokers can also help you receive more favorable treatment. Most consumers don’t realize that every insurance company has different underwriting guidelines depending on your condition. If you suffer from diabetes and you need to buy life insurance, one insurance company may approve you at a Preferred rating while another may offer you a Standard rating. The difference between the two could be a 50% increase in your premium.

If your life insurance agent isn’t aware of the best carriers for diabetes, you could end up paying too much. An independent agent can shop around to multiple carriers and get you the lowest rate. That’s why it’s important to have an experienced independent agent working for you. Not taking the time to find the right agent could be a costly mistake.