It is not a secret that all insurance products calculate their premiums based on risk and this fact alone can strike fear into the minds of many people who are diagnosed with diabetes. Diabetes can often lead to heart problems, blindness and many other problems that might indicate to insurance agencies that a life insurance buyer is a high-risk applicant who should be charged top rates. This is a simplistic way to view life insurance. There are still many ways to save money and invest in a cheaper policy, even when you are diagnosed with diabetes.
Taking control and be proactive about your diabetes can save you money on life insurance. Life insurance companies will look at a potential policyholder’s medical records over the past several years and see how well they’ve manage their diabetes. The type of diabetes you have can also play a factor in securing life insurance.
Staying healthy and proactive is the best approach to maintaining your diabetes and securing a reasonably low life insurance policy.