Type 2 Diabetes Income Protection
Worried that you will get ill and be unable to work?
Type 2 diabetes income protection gives you complete peace of mind. Your monthly premiums mean your insurer will cover your wage shortfall for up to 24 months.
Type 2 diabetic income protection insurance in the UK can cover periods of sickness and absence from work because of retinopathy, low blood sugar or a hypoglycaemic attack. It’s a valuable safety net whether you’re self-employed or in full-time employment, and the lifeline you need when illness rears its head.
Here’s the truth:
who are covered
Managing your diabetes when you’re unwell can be a real challenge, and worrying about your income can be an added stress. Fortunately, getting type 2 diabetic income protection insurance in the UK is achievable, putting your worries on the back burner and letting you focus on getting well.
Comparing Income Protection for Type 2 Diabetes
How does type 2 diabetes income protection work?
It can be a struggle to keep on top of your mortgage or rent and other outgoings when you’re healthy. Losing your income through illness can be a major blow. That’s where type 2 diabetes income protection in the UK steps in.
The wider guide to income protection for diabetes explains how deferred periods and benefit periods affect the support a policy provides.
In return for your monthly premiums, you’ll get a tax-free monthly sum, usually between 50% and 70%. Policies typically cover you for the short term, between 12-24 months.
Do I really need specialist type 2 diabetes income protection in the UK?
Before you take out income protection for type 2 diabetes in the UK, check:
- Whether you're already covered through work. Some employers offer income protection as a benefit.
- If you have savings you could use in the short term. However, income protection may offer better protection if you have prolonged time off work.
- If you have another type of critical illness insurance, usually with your mortgage life insurance.
Mortgage insurance for diabetes concerns the cover you arrange around your home loan, so check its payout separately from any income protection benefit. Type 2 diabetes life insurance is another consideration if your family would need financial support after your death.
If type 2 diabetes income protection is the best choice for your circumstances, call us on 01233 222 008, and our specialist team will be happy to help you get the best deal around.
How can I get income protection for type 2 diabetes in the UK?
The good news is that type 2 diabetes is covered by most UK insurers. Better yet, you may be able to claim if you have an existing policy. Payments are tax-free, but you’ll need your doctor to sign you off, and you may be asked for other evidence such as proof of income.
Insurers typically ask the following questions when you’re looking for type 2 diabetes income protection in the UK. If you don’t give honest answers, any future claims may be invalidated:
- What type of diabetes were you diagnosed with?
- How long have you been living with diabetes?
- What was your most recent HbA1C reading?
- Do you have issues with neuropathy or retinopathy?
Otherwise, take the health questionnaire at More Than Diabetes. It takes just 90 seconds and gives us all the information we need to find you the best type 2 diabetes income protection.
Exclusions in Type 2 Diabetic Income Protection Insurance
Applying for type 2 diabetic income protection insurance in the UK? The likelihood is that you’re going to have a conversation about exclusions and how they affect your policy. These are the most common
- Cardiovascular exclusion. If you're living with type 2 diabetes, you're 4 times more likely to have a stroke according to the British Heart Foundation. By excluding conditions such as angina, stroke and heart attack, you can still get cover for conditions like cancer or mental health issues.
- Direct or secondary complications exclusion. Claims resulting from high or low blood sugar, retinopathy, kidney disease and other direct or secondary conditions are typically excluded.
- Alternative premium loading. Instead of excluding a condition entirely, the insurer adds anywhere up to 150% to your premiums to spread the risk.
Accepting an exclusion is sometimes a pragmatic choice, but we’ll work hard to find you a good deal that gives you the cover you need at a price you can afford.
How can I get the best deals on type 2 diabetes income protection?
At More Than Diabetes, we always see the person, not the risk factor. That’s why our team of specialists work hard to get you the best deal on cover that works for you, whether that’s affordability or peace of mind.
When reviewing your wider diabetes insurance, decide which costs you want each policy to meet and check the terms before comparing premiums.
Here’s how we work for you to get the best specialist type 2 diabetes income protection in the UK:
- Start your free quote with a health check. Our quick and easy health questionnaire gathers all the information we need to get you the best quotes available.
- Get tailored advice. We'll match you with the best insurers and talk through your options, giving you bespoke advice on the issues that matter.
- You're covered. It's as easy as that. Most times you'll be covered the same day with no nasty surprises, hidden fees or GPs' reports.
Otherwise, take the health questionnaire at More Than Diabetes. It takes just 90 seconds and gives us all the information we need to find you the best type 2 diabetes income protection.
Got questions? We’ve got answers. Here’s what people often ask us about Type 2 Diabetes Income Protection.
Type 2 Diabetes Income Protection FAQs
Income protection covers your income if you’re sick or injured. You’ll get a monthly tax-free payment for 12-24 months depending on your policy.
That depends. It could be a way of getting affordable cover for other illnesses and injury. On the other hand, we’ll work hard to find you a policy without exclusions that works for you.
At More Than Diabetes, we’re experts in finding policies for people living with diabetes. We see beyond your condition to provide specialised, peace-of-mind income protection.
Your expertise is real. Your family's protection should be too.
You've managed the unmanageable since childhood. Your family's security shouldn't be another battle.