Chances are, if you've landed here, type 2 diabetes touches your life or affects someone close to you. Well, here's a comforting fact: about 90% of adults with diabetes in the UK are just like you, dealing with type 2.
This form of diabetes happens when the body either doesn't produce enough insulin or the cells just give insulin the cold shoulder. Granted, this might sound a bit intimidating. However, the treatment is often as straightforward as changing your diet or managing your condition with medication. Only if things progress do you need to think about insulin injections.
So, with this backdrop, how does type 2 diabetes affect your life insurance options?
Can I Get Life Insurance with Type 2 Diabetes?
Let's clear the air: Absolutely, you can! As we've already covered, type 2 diabetes is the most common type and can often simpler to manage than type 1 (or other types). Consequently, insurance companies are generally more lenient and understanding.
You might be thinking of higher costs (and you're not entirely wrong), but the silver lining is that you probably won't be jumping through the hoops to get accepted for life insurance.
If your Type 2 diabetes is complication-free, you might even get an insurance decision on the spot!
Will the Insurance Policy Cover my Diabetes?
In plain words, yes. If, heaven forbid, something happens to you because of your type 2 diabetes, your policy will cover it.
While this is unlikely to happen (you're much more likely to pass away from something unrelated to your diabetes), it gives peace of mind to know that your diabetes is not excluded.
The only reason a life insurance policy will not pay out is if the claim is assessed as invalid or there are specific exclusions. It is your advisers job to make you aware of any issues that could arise.
Does Getting Covered Take Forever Because of My Diabetes?
Surprisingly, not necessarily. Our diabetes life insurance assessment is designed to streamline the process by addressing all pertinent questions right from the start, ensuring a quicker and more efficient application experience.
As well as this, many insurance companies have grown more knowledgeable about the nuances of type 2 diabetes. This means that the process has just generally become faster over the years.
It's worth noting, however, that in cases with additional complications, companies might still need to liaise with your GP for further clarity.
Will I Need to Pay More with Type 2 Diabetes?
It's likely, yes. But don't imagine skyrocketing costs. It really hinges on how you handle your diabetes, your general lifestyle, and a couple of other health checkboxes. But fret not, there are different options for cover out there that won't make your wallet weep.
More information on how the insurance companies work out the price of your insurance here.
Which Insurance Is the Best for Someone with Type 2 Diabetes?
That's a tailor-made answer. Everyone's journey is unique, and your ideal insurance should match your path. But that's what we're here for – to help you find the perfect fit.
Conclusion
Type 2 diabetes, prevalent and better understood in today's world, doesn't need to be a barrier to securing life insurance. Our diabetes life insurance assessment is tailored to simplify and speed up the process, ensuring that your unique needs are addressed from the get-go.
Insurance companies are becoming increasingly in tune with type 2 nuances, making obtaining life insurance not only feasible but also more straightforward than ever.
Not to mention, there's actually a whole company out there that's totally committed to helping people living with type 2 diabetes find the right life insurance policy.
Click here to find out how Type 1 diabetes can affect your life insurance.
