Senior Life Insurance for Diabetics!

Ask any senior citizen who has diabetes if he or she is considering purchasing life insurance for elderly and the answer is likely to be “no”. The vast majority of people in this situation resign without prospecting the market for eventual possibilities of obtaining coverage.

happy_senior_coupleNobody can deny that acquiring senior life insurance for diabetics is quite hard and with little chances of success, but at least they can give it a try and ask risk impaired brokers for help. If you do not take the risk, you may never have a chance of becoming insured.

The chances of being accepted depend greatly on the type of diabetes you suffer. Persons with type 1 diabetes are typically preferred, while those suffering of type 2 diabetes are a bit disadvantages. This was the situation until recently, when a major insurer created a new window of opportunity for type 2 diabetes.

Since then, many persons have successfully applied. There are few issues that you should be aware. Companies will want to know if you can keep your diabetes under control and what treatment you use. For that, you must present some medical results, especially the results for A1C test (glycated hemoglobin test).  Insurers prefer clients with a score of 7.5 or lower for the latest A1C test.

Other relevant criterions of selection are the date when diabetes was diagnosed and absence of other risk factors (heart diseases, cancer, weight problems and other chronic diseases).

Age is another problem. Some companies accept to work with sick seniors, while others categorically refuse it. As you can see, there are some chances, but you must know where to look and who to call for help. Life insurance brokers and online brokerage websites can be used to scan the market for potential offers and contact tolerable companies.

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