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Getting diagnosed with diabetes often leads to a lot of other problems. One of those may be overpaying for burial life insurance because you are looking in the wrong places.
The truth is, a lot of companies will charge you more, slap you with a waiting period, or deny you altogether depending on your complications or medications for diabetes. But not all companies.
There are a few companies out there that offer rock bottom rates to those with diabetes, even with serious complications.
In this article we are going to go over the top ways to save on your burial life insurance and how to get approved for coverage at the lowest cost.
Table Of Contents
How Insurance Companies View Diabetes
Every burial life insurance company views diabetes differently and responds differently. They all have their own underwriting unique to them.
If you take insulin or not and at what age, if you have complications with diabetes like neuropathy or an amputation, and any other effects from diabetes will be taken into account.
In today’s world, diabetes is a very common condition, so many companies do accept you. The problem is they don’t always accept you at the lowest rates.
So how do you find the best rates? You must work with an independent agency like Seniors Mutual that will find the best carrier for you depending on your unique health conditions.
The truth is, no matter how serious your diabetes is, we have affordable options for you.
If you don’t have any other complications with diabetes, you can qualify for the same rates available to a person without diabetes for most companies.
However, most people do have something else wrong in conjunction with diabetes like…
To name a few. If you have one of these conditions then many companies start to raise rates or offer waiting periods only. But not all companies.
The key to finding the best coverage is for us to go over all of your health conditions to see which company offers the best rate with no waiting period. Many times you pay nothing more than someone in perfect health.
Insulin usage matters to most companies. Some companies only offer no waiting period plans at the best rates available if you started taking insulin after the age of 50. Others are fine with insulin usage any time after the age of 30. Then some are fine with it no matter when you started taking it, even as a child.
Most people looking for burial insurance with diabetes started taking insulin in their older years though, so insulin usage is rarely a concern. Even if you started taking insulin at a young age, we can make sure to pair you with a company that does not penalize you.
No Health Questions
Now if all of this is sounding complicated to you, we get it. Some people don’t want to deal with all of the complicated health questions and getting denied.
There are many companies that offer no health question plans that are called “guaranteed issue”. These policies ask no health questions and everyone is guaranteed an issued policy. You can even buy the policy in minutes.
The catch is they all come with a two year waiting period and at higher rates than the health questions plans.
Some people go with these plans because they don’t want the hassle of the health questions, but we don’t recommend these plans because we can save you money by going with another carrier almost every time.
In the end it’s your decision, and we can help find you the cheapest no health questions policy for you and get you approved in minutes.
Find The Best Rates For Diabetics
The truth is, the only way to find the best rates for any type of insurance is if you work with an independent agency that works with a lot of companies, like Seniors Mutual.
To put the cherry on top, we always work for you completely FREE.
There is no cost or fee to work with us, and we will always give you our best recommendation and help find you the cheapest policy.
Unfortunately, many people do business with the first agent they talk to or their local neighborhood agent. While these are good people, they will not be able to find you the best coverage possible. Most agents today only work for one company.
If you want to find the best rates for your burial life insurance, give us a call, fill out our quote form, or chat with a live agent and we will give you all the pertinent information and get your approved for a policy if you are ready.