Diabetes Life Solutions is an online service that provides life insurance quotes instantly from 50 trusted life insurance providers. Customers can buy insurance through any of the firms shown. The findings of the new study confirm that there are many affordable life insurance options to people who have diabetes in control. It also shows that diabetic rates have fallen to record levels.
The Diabetes Association of Nigeria (DAN) said the number of people living with diabetes in the African Region will rise to 54 million by 2045 if there are no urgent interventions. WHO Regional Director for Africa, Dr Matshidiso Moeti, stated this on Thursday in her statement to mark this year’s World Diabetes Day. Many people in Africa are not sure of what their options are for life insurance if they live with a form of diabetes.
These are the lowest rates of life insurance that we’ve witnessed in the last more than 25 years. In anticipation of National Diabetes Month in November, we conducted a fresh study. The results showed that there is a competitive and robust life insurance market available to those with diabetes who adhere to their doctor’s orders and are secure. “We hope that our findings can help those affected by diabetes who are also looking for the best buys in life insurance says Matt Schmidt.”
If there are no other health issues, the chart below provides the most affordable monthly rates for diabetics who are type 2 and who have a 20-year medically insured, standard-term life insurance policy that will cover the death of any cause at any time, in any place, except for suicide during the initial two years of coverage (one year in certain states). The sample 20-year term life rates listed require medical underwriting and are also renewable, with no evidence of insurability, to the age of 90 or more. Certain plans can be converted to permanent insurance without the need to go through any additional underwriting.
| Sample 20 Year Term Life Premiums for Type 2 Diabetics |
| Female Monthly Rates |
| Age | $100,000 | $250,000 | $500,000 | $1,000,000 |
| 25 | $10 | $21 | $31 | $55 |
| 30 | $12 | $23 | $33 | $59 |
| 35 | $12 | $23 | $39 | $71 |
| 40 | $16 | $29 | $48 | $88 |
| 45 | $21 | $40 | $73 | $135 |
| 50 | $28 | $51 | $93 | $173 |
| 55 | $38 | $73 | $138 | $264 |
| 60 | $59 | $120 | $229 | $436 |
| 65 | $103 | $217 | $407 | $777 |
| Sample 20 Year Term Life Premiums for Type 2 Diabetics | ||||
| Male Monthly Rates | ||||
| Age | $100,000 | $250,000 | $500,000 | $1,000,000 |
| 25 | $12 | $22 | $38 | $67 |
| 30 | $12 | $23 | $39 | $70 |
| 35 | $14 | $25 | $44 | $80 |
| 40 | $18 | $33 | $60 | $113 |
| 45 | $26 | $52 | $94 | $180 |
| 50 | $24 | $66 | $124 | $237 |
| 55 | $52 | $99 | $191 | $360 |
| 60 | $84 | $169 | $327 | $621 |
| 65 | $149 | $303 | $600 | $1,181 |
Matt Schmidt stated that the 20-year level term policy was our best-selling plan. Diabetes Life Solutions offers other rate guarantee plans, like 10, 15, 25, and 30-year level-for-life policies. People are able to choose whatever term length, amount of insurance they choose. It’s very important for people to own a policy, that matches their financial goals.
The sample premiums require a completed application, an examination by a paramedic, a review of medical records, and the approval of each insurance company. It’s clear that applicants with diabetes are able to secure assurance of peace of mind with attractive prices, according to Matt Schmidt.
The CDC says that there are two types of diabetes: Type 1 and Type 2. When beta-cells in the pancreas are killed by the immune system, type 1 diabetes sets in. These are the only cells that make insulin, the hormone that controls blood sugar. People with type 1 diabetes generally get insulin every day through an injection or a pump. Young children and young adults are most likely to get type 1 diabetes. About 5% of all cases of diabetes in people are caused by type 1 diabetes.
Type 2 diabetes is the second type of diabetes that affects 90-95% of the US adult population. It usually begins with insulin resistance. The cells can’t use insulin properly and the pancreas eventually loses the ability to produce insulin. For most people, life insurance with type 2 diabetes will not be more expensive, compared to a non-diabetic.
The assessment and underwriting of those who suffer from diabetes by life insurance companies differ widely, which is why it is crucial to research and work with an agency that has had experience working with many insurance companies.
Diabetes Life Solutions can give people with Type 1 and Type 2 diabetes instant life insurance quotes. Customers can now get quotes and buy things online without giving their names. They can also call our licensed phone agents for personalized service and help. Their services are 100% free, and their team is ready to help out the diabetes community.
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