Transcript for the CuraVision Diabetes video is available here.
Life Insurance for those with diabetes is often possible to arrange. If you have no other major health complications it is often possible for some insurance providers to fully underwrite your application at the time of submission. Should you have other medical complications or if your HbA1c reading is quite high, then insurers will likely contact your GP for a full assessment of your health. Whilst this will delay the start date of your policy it will ensure that the insurance provider provides terms on your policy based upon their full understanding of your health. GP reports are a standard practice with Life Insurance applications and are nothing to be concerned about, you will not be charged for the report and you can ask to see a copy of the report before it is sent to the company.
As a type 1 diabetic you are likely to receive a premium increase on your Life Insurance, the increase will depend on the length of diagnosis, HbA1c readings and any other health factors. If you have not had the condition for a long time and your HbA1c readings are good you may get accepted with a low premium increase. If however you have been diagnosed for a long time or have high readings your plan may be accepted with a higher premium. If you are young and a non-smoker the overall cost for insurance is still likely to be low compared to the sum assured on the policy. When you apply for your Life Insurance you should have your latest HbA1c reading to hand (taken with the last 6 months) in order for the insurance provider to be able to underwrite your application.
Unfortunately Critical Illness Cover is not available to type 1 diabetics. Some providers have now started to consider cover for well controlled type 2 diabetics so hopefully this will soon follow for type 1 diabetics in the future.
Income Protection for type 1 diabetics is currently restricted to company directors only as there is only one company who can offer cover and the policy must be owned by a company. This has not always been the case and hopefully will change in the future.
You may be able to look into an Accident, Sickness and Unemployment policy but you will not be covered for anything linked to your diabetes. We would recommend that you speak to a qualified adviser before taking out cover so that they can explain what is covered and what it not.
Are you planning on going abroad? It is important that you know what your travel insurance covers you for, when it comes to your diabetes. Take a look at our travel insurance page for more details here.
Possible Effects on Lifestyle
Some potential problems experienced by individuals who have diabetes include
Discomfort from daily injections
Difficulty adjusting to new exercise routines
Skin problems - dry, slow healing and increased risks of bacterial infections.
Anxiety and low mood
Additional medical treatments - daily blood sugar monitors, yearly flu jabs and pneumoccocal vaccinations are recommended
For more information on specific health conditions, pastimes, occupations and countries please select here:
Request a Callback
By clicking on submit I / We give consent for you to call me / us on the number provided to discuss my / our financial requirements.
Talk to a Friendly Adviser
Please feel free to call us on 0800 567 7450 and one of our qualified insurance advisers will be happy to assist you.
Type 1 diabetes is usually diagnosed in childhood. If left untreated, it can cause a rapid decline in health, over days or weeks, due to the pancreas no longer producing insulin. This is likely caused by a mixture of genetic factors and an autoimmune deficiency where the body produces antibodies that attack cells within the pancreas that produce insulin. Insulin is an essential part of the body's functioning as it controls the absorption of glucose/sugar within the blood to cells that can alter it into energy.
Type 1 diabetes is treat by a change in diet, regular exercise, daily blood sugar monitors and several insulin injections a day. Type 1 diabetics who stick to a strict daily regimen of injections, diet and exercise can lead full and healthy lives. A primary concern that comes with the diagnosis of type 1 diabetes is the uncertainty and worry that comes with the diagnosis of such a serious illness at a young age. However on a positive having to change lifestyle behaviours at a young age can be far easier than having to adapt later in life.
Other Services Available
You can apply for any of the following services through ourselves
By clicking on the link(s) above you will be departing from the regulatory site of Special Risks Bureau. The Special Risks Bureau (Cura Financial Services) is not responsible for the accuracy of the information contained within the linked site(s).
We are specialist high risk insurance advisers who are dedicated to helping everyone get the insurance that they need.
The materials in this website are in no way intended to offer medical advice. Please consult your doctor if you notice medical symptoms or feel ill.
Information regards taxation levels and basis of reliefs are dependent on current legislation, individual circumstances are not guaranteed and may be subject to change.
Special Risks Bureau is a trading style of Cura Financial Services Ltd, which is authorised and regulated by the Financial Conduct Authority.
The Financial Conduct Authority does not regulate trusts.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.
Cura Financial Services Ltd is Registered in England and Wales, Number 8478749, 2 Station Approach Offices, Filey, North Yorkshire, YO14 9PF