How to Get Florida Term Life Insurance if You Have Diabetes

If you are one of the millions of Americans who have diabetes, then you may be concerned that you won’t be able to find Florida term life insurance or that it will be too expensive for you to afford. This doesn’t have to be the case; there are some things you can do to help secure life insurance at affordable rates.

Understanding the Expense

Anyone who has diabetes should be prepared to pay higher premiums for Florida term life insurance than someone who is otherwise healthy. This is because the risks associated with diabetes present greater risks to insurers for various reasons. However, it is still possible to get into a great rating class with excellent premiums, even if you are currently being treated for diabetes. You should understand a few statistics, what insurers are looking for, and what you can do to get the best results possible.

Diabetes Statistics

As of 2013, more than 26 million Americans are living with diabetes and this is a staggering 8% of our country’s population. It is estimated that there are almost six million more people who are living with the disease and don’t even know it, and doctors have determined that there are 57 million people nationwide who have what is known as pre-diabetes. These are the people who have the precursors for developing the condition. The statistic that worries insurance companies the most is that 65% of the people who have diabetes die prematurely of heart attack or stroke.

What Your Insurer Wants to Know

When you apply for Florida term life insurance, you will likely need to take a medical exam and tell your insurer that you have been diagnosed with diabetes. You will need to explain when you were diagnosed, how old you were at the time, the exact diagnosis you received, how advanced the condition is, how well you have responded to treatments, how well your diabetes is controlled, the type of treatments you have received in the past, the treatment you are receiving now, whether or not you use tobacco and if you have any other medical condition. These things will help the insurer determine your overall level of health.

Saving Money

Statistically, several studies conducted with multiple Florida term life insurance providers have concluded that premiums were lower for those who regularly followed up with their physicians, changed their lifestyles, and kept their diabetes under strict control with diet and medication. On the same note, premiums were almost always much higher for those who failed to follow up with a doctor regularly, who did not change their diets, or who did not take their medications as directed. Thus, it can be determined that individuals who are concerned with and who control their diabetes are those who can secure the lowest premiums.

In any case, it is always recommended for you to secure a Florida term life insurance policy with an affordable premium at first. You can always make changes to your diet and lifestyle, better control your diabetes, and work your way into a better rating class as you go.