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07-13-2005, 01:05 PM
| | Senior Member
I am a: Type 1 | | Join Date: Aug 2004 Location: northern indiana
Posts: 549
| | | can a diabetic get affordable life insurance
i was wondering if diabetics still have problems getting life insurance? my dad tried to get me some when i was a teenager and because of t1 he had alot of problems getting some that was'nt through the roof.i know when you work full time most jobs offer it but it is possible to get a policy for those who don't work full time or want some extra? |
07-13-2005, 02:22 PM
|  | Member | | Join Date: Jun 2005 Location: DC Metro Area
Posts: 322
| | Quote: |
Originally Posted by christie i was wondering if diabetics still have problems getting life insurance? my dad tried to get me some when i was a teenager and because of t1 he had alot of problems getting some that was'nt through the roof.i know when you work full time most jobs offer it but it is possible to get a policy for those who don't work full time or want some extra? | Christie - I don't honestly know. I had my life insurance in place long before my diagnosis, so I got through that.
I don't know that you'll find a AAA rated policy, but you might be able to find some insurances that are offered without health screenings from the lesser firms. I'd suggest you check some online web sites and independent agents and see what you can find out. Also, if you have kids, buy the policies for them as early as possible before the diabetes issue even creeps into their lives. That will bypass the problem for them.
Also, there are some life insurance policies issued by employers, professional organizations, credit card firms, credit unions, and the likes without health screening mandates. They often aren't high dollar, but they may fit your needs. I believe the Automobile Association of America offers some. Two of my credit unions have as well.
__________________
***
I am "Middle Aged Man." Able to climb tall buildings with the help of an elevator. Adept at filling out government forms and finding tax breaks. Faster than a pet rock. With strength far beyond that of mortal hamsters. Look . . . asleep on the couch . . . it's a rock. It's a sack of potatoes. No, it's Middle Aged Man!!!!!
T2 diagnosed November, 2004 - Taking Metformin and Actos
Wishing Carwy great success in a new life and the defeat of cancer.
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07-13-2005, 02:23 PM
|  | Senior Member
I am a: Type 1 | | Join Date: Aug 2003 Location: SF Bay Area
Posts: 2,868
| | | It was basically impossible a few years ago when my husband and I were shopping it around. Even w/ an A1c in the 6's they'd only give me a maximum benefit of $20k for a ridiculous premium.
A while back, one of our members found a company that was willing to work with him. His name is Statdeac and if you do a search of his posts (possible even the ones he started) you should be able to find it. Good luck!
__________________ 
To err is human, to purr feline >^.^<
T1 since 1991, Cozmo Pump 11/05
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07-13-2005, 05:51 PM
| | Ex-moderator | | Join Date: Dec 2002 Location: North Carolina
Posts: 1,507
| | | Hi Christie,
It has been about 15 years since my diagnosis. It was right after my diagnosis that I started looking for life insurance. I found a company that offered 'level premium' term insurance. I got $100k for $42.00 per month. That is two or three times the prices that were advertised for my age group at the time I began the policy(I was 23.). The original company that issued my policy was absorbed by some other company. Without looking it up, I believe the name of the company in its present form is Mid Continent Life.
You might do a search on level premium insurance. The premium is more expensive when you are younger than average, but doesn't increase as you age.
Travis |
07-13-2005, 07:39 PM
| | Senior Member
I am a: Type 1 | | Join Date: Aug 2004 Location: northern indiana
Posts: 549
| | | i was curious, i was looking for some for my mom and it seemed like everyone i looked at asked if you were a diabetic,which to me feels like a discrimination.i thought that maybe over time companies got a little lenient(sp?) towards diabetics i know when i was a teenager my dad hard a hard time finding some, i think they got a policy for 5,000 and they are still paying it.i don't think these days 5,000 would cover a funeral. |
07-14-2005, 03:49 AM
|  | Senior Member
I am a: Type 1 | | Join Date: Sep 2004 Location: Savannah, GA USA
Posts: 1,519
| | | This is the reason I went to work for the Federal Government. My insurance premiums are $89 every 2 weeks. I have a good fairly comprehensive plan with Blue Cross and they pay for just about everything, minus a standard deductible. Good luck finding it on your own.
__________________ The only way to manage diabetes is to CURE it... Diabetes since December, 1983 Meds: Humalog/Pump since 1998, Synthroid 88mcg, Zetia 10mg, Altace 10mg, Prevacid 30mg, Benfotiamine 600mg, 1-a-day multivitamin, Aspirin 325 mg, Garlic-geltab 4,000mg, methylcel. fiber therapy 2,000mg(for cholesterol) So, what's in your lunchbox?  |
07-14-2005, 07:02 AM
| | Member | | Join Date: Jun 2005 Location: DC Metro Area
Posts: 322
| | Quote: |
Originally Posted by archimeech This is the reason I went to work for the Federal Government. My insurance premiums are $89 every 2 weeks. I have a good fairly comprehensive plan with Blue Cross and they pay for just about everything, minus a standard deductible. Good luck finding it on your own. | Archimeech - Blue Cross would be health insurance. And you are right, the Federal Government doesn't allow exclusions of pre-existing conditions from their insurers. However, the question is life insurance. The Feds again do offer a no background life insurance plan to their new employees, but it is also a term policy that rapidly grows in cost as you age. I'm not sure if the poster wanted term or whole life, but the point is good . . . just that FEGLI (Federal Employee Group Life Insurace) and FEHB (Federal Employee Health Benefits) are different programs.
__________________
***
I am "Middle Aged Man." Able to climb tall buildings with the help of an elevator. Adept at filling out government forms and finding tax breaks. Faster than a pet rock. With strength far beyond that of mortal hamsters. Look . . . asleep on the couch . . . it's a rock. It's a sack of potatoes. No, it's Middle Aged Man!!!!!
T2 diagnosed November, 2004 - Taking Metformin and Actos
Wishing Carwy great success in a new life and the defeat of cancer.
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07-15-2005, 06:41 AM
| | Senior Member
I am a: Type 1 | | Join Date: Sep 2004 Location: Savannah, GA USA
Posts: 1,519
| | | Oops, thanks Middle-aged. I read through here too quickly and saw Insurance and didn't pay attention to the type.
I suggest you try to get one of the plans that doesn't require a health exam. Depending on the State laws governing insurance you may be able to hold our a couple of years and wether you have a pre-existing or not, they can't cancel your insurance.
for example:
State of South Carolina
If you lie on the policy and state you are in perfect health and keep up your premiums; after 2 years if they find out you have diabetes, heart condintion, whatever, they can't cancel you insurance due to the condition. even if they do, they are required to reimburse you all of your premiums.
I also have FEGLI, and signed up for 5 times my salary in life insurance. I pay $8.00/2 wks for the policy. I'm 34, so my premium is going up, next year, I think. I suggest you check into what your state laws regarding policies sold in the state and wether or not, you can buy policies from other states...
__________________ The only way to manage diabetes is to CURE it... Diabetes since December, 1983 Meds: Humalog/Pump since 1998, Synthroid 88mcg, Zetia 10mg, Altace 10mg, Prevacid 30mg, Benfotiamine 600mg, 1-a-day multivitamin, Aspirin 325 mg, Garlic-geltab 4,000mg, methylcel. fiber therapy 2,000mg(for cholesterol) So, what's in your lunchbox? |
07-15-2005, 09:13 AM
| | Member | | Join Date: Jun 2005 Location: DC Metro Area
Posts: 322
| | | If it helps, my wife tried to buy whole life from NY Life recently. When the agent told us they declined coverage (pregnant with gestational diabetes), they offered a group of other options for coverage.
We're fans of AAA rated insurance, so we're holding off a while and going back. It's a 7 year medical history, so we're hoping to get 7 years out of the gestational period. Fortunately, she still has lots of time.
I also have FEGLI and some random policies from credit unions and other organizations.
__________________
***
I am "Middle Aged Man." Able to climb tall buildings with the help of an elevator. Adept at filling out government forms and finding tax breaks. Faster than a pet rock. With strength far beyond that of mortal hamsters. Look . . . asleep on the couch . . . it's a rock. It's a sack of potatoes. No, it's Middle Aged Man!!!!!
T2 diagnosed November, 2004 - Taking Metformin and Actos
Wishing Carwy great success in a new life and the defeat of cancer.
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07-15-2005, 02:41 PM
|  | Senior Member
I am a: Type 1.5 | | Join Date: Feb 2005 Location: Grove City Ohio
Posts: 2,093
| |
Quote: |
Originally Posted by christie i was wondering if diabetics still have problems getting life insurance? | I have been denied twice for Life Insurance.
__________________ Jim  Diagnosed April 1990 Pumping with the Clear 722 along with the CGMS
Last A1C 7.1 ( February 2008 ) Diabetes & Endocrinology Center Of Ohio Website Proud Fan Of NASCAR Nextel Cup Driver Jimmie Johnson, Lowes #48 the 2006 AND 2007 Nextel Cup Champion. The opinions expressed are mine alone and do not necessarily represent
those of my wife who runs our house and makes more important decisions
than I do |
08-26-2006, 01:14 PM
|  | Senior Member
I am a: Type 1 | | Join Date: Feb 2002 Location: USA
Posts: 949
| | | Hey, guys! U.S. Financial Life Insurance Company is the name of the one that I found.
If your A1c is good, and other test results are in line, they factor all that stuff in and don't just deny you or blow you away with a high premium because you have diabetes.
In fact, I was able to get $250,000 for $400/yr. Not bad.
__________________
Statdeac |
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