The Best Life Insurance for Type 1 Diabetics

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Securing life insurance for type 1 diabetics is a daunting task for most life insurance agencies, but not for us.

If you’ve ever been told that you can’t get life insurance, or you’ve been denied life insurance, there are still plenty of options such as high risk life insurance, to get the coverage that you and your family deserve.

We've found that most type 1 diabetics we speak with have had a rough time finding life insurance. It doesn’t have to be that way.

Truth is, a lot of companies won’t write life insurance for type 1 diabetics...and most of the companies that will, will do so at very expensive rates.

There are a few companies really leading the pack in more favorable type 1 diabetes life insurance underwriting.  We'll recommend those companies to you if you fit their guidelines.

Here's what we'll need to know in order to find the best life insurance rates for type 1 diabetics:

  • a1c levels (current and past)
  • age diagnosed
  • insulin type: Novolog, Lantus, Humulin, Humalog, Apidra?
  • how many units per day?
  • any other medications?
  • any diabetic complications?
  • height/weight?
  • any other health issues?

With this information, we can find the life insurance company who give you the best rates based on YOUR unique situation.  Every life insurance company will look at your Type 1 diabetes differently, so it's important to pinpoint the one that will look most favorably at YOU. There are also companies who offer guaranteed acceptance life insurance policies even with a variety of health issues you may be concerned about. Even if you are needing life insurance if you're overweight, we can help with this and much more.

We've helped dozens of type 1 diabetics find the cheapest life insurance possible and have a database of those approvals to reference.  We know which companies are giving the best offers and will use this information to help you in your quest for finding the best life insurance rates as a type 1 diabetic.

For those who have their type 1 diabetes under control, affordable rate are available under these conditions,

Diabetes

  1. Compliance with medications and testing. Underwriters want to see documented results and know you’re serious about controlling your diabetes.  The best offers are given to those with consistent follow up on their diabetes with proof in their medical records.
  2. No diabetes related complications.  If you have any eyes, foot or skin complications, you'll have a hard time finding affordable rates.  Depending on the severity, it may still be possible to get your insured, but you may have to settle for a graded death benefit policy.
  3. For juvenile type 1 diabetes, you must be over age 30 and have consistent a1c levels below 7.
  4. For adult onset type 1 diabetes, it must be at least 1 year since your diagnosis and you must have a1c levels below 7.

If you're in line with these conditions, we can find affordable rates.

The biggest mistake type 1 diabetics make when searching for the best diabetic life insurance rates is contacting their bank, State Farm, Farmers or Allstate agent or even a life insurance call center.  These agencies are great at their core business, but aren't specialists in your risk.  Most of the declines we see are from banks, local insurance agents and call centers.

You need an experienced independent agent that has worked with Type 1 diabetes and keeps up with what companies are offering the best rates.

It's all about using the right life insurance company.

No Medical Exam Life Insurance For Type 1 Diabetics

If you would like to skip the medical exam, we have 2 GREAT options right now.

No Medical Exam Option #1

This "A" rated life insurance company will write up to $250,000 of coverage for 10, 15, 20 and 30 year term limits.  This is "1st day coverage", meaning there's no waiting period (other products on the market offer coverage with a 2-3 year waiting period).  This is a term life insurance policy just like any other policy on the market.

This life insurance company will review your medical records - so you can't have any diabetic complications.  Also, we've had approvals all the way up to 8.5 recent a1c levels.

No Medical Exam Option #2

This “A” rated company will write Type 1 diabetics with no medical exam and no medical records. This company will offer up to $50,000 of immediate coverage on a 20 year term OR a whole life policy. Typically, coverage is issued within 10 business days.

Ask us about these 2 companies if you’re interested in the no medical exam route.

The biggest disadvantage to the no medical exam option is that it’s more expensive. Because you aren’t required to take a medical exam, you pose more risk to the insurance company, to balance out some of the risk, you’ll pay more every month.

For life insurance quotes with Type 1 diabetes or if you have any questions, please fill out our quote request form or give us a call.  We represent over 60 life insurance companies and we'll be happy to provide you with the best life insurance options you can qualify for.

If you’re looking for the best life insurance rates, you could spend hours on the phone talking to different companies. In the end, you wouldn’t know if you were getting the lowest rates out there. Instead of answering the same questions over and over, let us do all of the work for you. Our quote form can give you the lowest rates based on your information.

The Importance of Life Insurance

Because life insurance can be difficult for type 1 diabetics to secure, a lot of people in the diabetic community skip getting a policy. This is one of the worst financial mistakes that you can make for your family.

If you were to pass away, how much debt would you leave behind? If you’re like most people, you would leave your loved ones with mortgage payments, credit card bills, student loans, and much more. This doesn’t even account for the income that your family would lose if something tragic were to happen.

This is where life insurance comes in. An adequate policy can give your family the money they need to pay for any bills that you leave behind. Losing a family member or someone you love is never easy. It’s a difficult time mentally and emotionally, but having additional financial strain can make it a thousand times worse.


With type 1 diabetes, you’re going to be paying more than a non-diabetic, but that doesn’t mean that your life insurance policy has to break your bank. We will work with you to make sure that you get the perfect life insurance policy that you can afford. Everyone deserves to have the life insurance coverage they want to protect their family.

How Much Life Insurance do You Need?

Aside from finding the right company, a lot of type 1 diabetics don’t know how large of a policy they should purchase. While the answer depends on each person’s situation, there are a couple of questions that you should consider to help you decide.

How much debt do you have? As we mentioned earlier, one of the main goals of life insurance is to pay for any final expenses that you leave behind. Sit down and add up all of the debt that your loved ones would be responsible for. Be sure to include the cost of a funeral (which can be as much as $10,00). The number that you end up with is a good starting point for your life insurance policy. No matter if you are looking for a $100,000 policy or a million dollar policy, we can help.

Aside from paying off debts, you also have to consider how many of your family members rely on your salary. The other goal of life insurance is to replace any financial loss that your family will suffer after your passing. There is no perfect number for life insurance, but most people suggest that you get around ten times your annual salary. This will give your loved ones plenty of funds to get through this difficult time. You don’t want them to feel pressured to go back to work dealing with the emotional pain.

As a diabetic, there is one more factor that you have to think about when purchasing a life insurance policy, and that is medical bills. With a chronic condition like type 1 diabetes, the healthcare bills can add up to a massive bill. If something were to happen to you, all of those debts would be left to your loved ones. We all want to leave a heritage to our children, but that’s not the kind you want to leave.
 

About Jeff Root

is the owner of rootfin.com. He's an independent life insurance agent who has helped 1,000's of consumers purchase life insurance online and over the phone.

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6 Comments

Rev James Grumbine

I am seeking LI rates for my daughter who lives in Maine and is a type I diabetic. She is 38 in August, has moderate eye issues but no other underlying medical conditions.

July 18, 2015 at 11:43 am
    Jeff Root

    We can help her. We even have an option with no exam she can qualify for. Give us a call at 888-430-7668 and we’ll give you the details/rates

    November 16, 2015 at 1:57 pm
Jackie OBrien

My diabetes has been under control for a long while. I am 36 and have a 2 year old daughter. I have been rejected by numerous places and think its ridiculous I can’t leave something for my daughter years from now when I do pass. Not anytime soo . but I should be entitled to insurance. I didn’t ask for diabetes and keep it well maintained

February 29, 2016 at 9:19 pm
    Jeff Root

    You’ve just used the wrong companies. We sent you an email – feel free to call us any time and we’ll provide REAL options of companies that will approve you along with their rates.

    September 14, 2016 at 8:45 am

33 year old about to be 34. diagnosed with type 1 at age 9. currently on a pump. no complications no hospital visits ever from Type 1. no medications except insulin pump using humalog insulin. 6′ 1 211 . Taking out a business SBA loan for $700,000 need to collateralize a life policy with it. looking for term 20 years. who are your go to insurance companies?

December 29, 2016 at 4:58 pm
    Jeff Root

    You’ll likely have trouble securing coverage. You’d should look into a specialty policy from Petersons International made specifically for those qualifying for SBA loans – most banks take it. Good luck!

    June 21, 2017 at 11:06 pm
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