Old Bay Insurance Agency Blog
Looking for affordable life insurance can be a challenge when you have diabetes, but it’s not impossible. Regardless of your health, there are several ways you can take to get life insurance coverage.
Here are five helpful tips to consider if you’re diabetic and you're finding lower life insurance rates:
Manage Your A1c Level
You might not think about it often, but your A1c level may be your key to getting standard plus rates. The hemoglobin A1c test (also known as HbA1c), is a blood test used to diagnose type 1 or type 2 diabetes. It can also assess how well you’ve managed your blood sugar levels for the past 2 or 3 months.
Generally, if your A1c level is at 7.0-8.0 range, insurance companies will still give you standard life insurance rates. However, anything over 8.0, means you have poor management of your blood sugar levels, and thus companies will classify you under a high-risk category with sub-standard rates.
Switch to Healthy Living Lifestyle
Still, the smartest thing you can do to get better life insurance rates is to improve your health. As mentioned above, it is vital for diabetics to manage their blood sugar actively. To achieve the lowest A1c level possible, you have to bring your average blood sugar level down through regular exercising and maintaining a healthy diet.
Quit Smoking Now
An additional tip to improve your health is to cut down on tobacco use. This is especially crucial for diabetics applying for life insurance because when it's coupled with smoking, there’s a high chance you’ll be charged high premiums, or worst be declined for insurance coverage.
Consider a Non-Medical Life Insurance Policy
If you are not confident with how you can control your type 2 diabetes, then you don’t have to worry because you may still have a way to get lower premiums by opting for a non-medical life insurance policy. People with type 2 diabetes can apply for policies that don’t require laboratory testing or a review of medical records.
Work with a Life Insurance Agent
Because every insurance company is different, it’s essential that you get dozens of quotes to compare rates. But instead of wasting time inquiring from various companies, you can ask for help and advice from a life insurance professional that has a vast experience in helping individuals with diabetes get approved for life insurance.
Having diabetes shouldn’t scare you away from purchasing insurance coverage. Especially if you have dependents, it is wise to ensure their financial security with life insurance.
At Old Bay Insurance Agency, Inc, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (410) 777-5390. Get your free quote today by CLICKING HERE.