Transcript for the CuraVision Diabetes video is available here.
Individuals with type 2 diabetes should have no concerns about applying for Life Insurance for diabetics. Some insurance providers will be able to underwrite your application at the time of submission if you are able to provide your latest HbA1c readings (taken within the prior 6 months) and have no other major health complications. If you are unable to provide these readings or do have other medical conditions your application is likely to be referred to underwriting and the insurance provider will contact your GP for additional information. This is a standard process for a Life Insurance for those with diabetes application and is often an advantage as you can then be confident that the insurance provider has the latest account of your health before determining the policy available to you.
It is possible for a small number of type 2 diabetics to be accepted at normal terms. This would usually be when you HbA1c readings are less than 7, you have been diagnosed for less than 5 years, are over age 50 and have otherwise excellent health. For most people however a premium increase is likely.
Recent changes in the insurance market have seen a couple of Critical Illness policies become available for a select number of type 2 diabetics. Diabetics Critical Illness Cover applications will require the insurance provider to speak with your GP and will follow the same application process as that of Life Insurance. As of 2013, there are three providers who can consider this cover, one will place a large number of exclusions on the policy and the other two will put the prices up.
To be eligible you must fall into the following categories:
Be a type 2 diabetic and have been for less than 15 years.
Be a non-smoker.
Have HbA1c readings that are typically less than 8%.
Have no other associated conditions such as eye, kidney, heart or circulation problems.
Have had a normal urinalysis test.
Whilst Critical Illness Cover for diabetics is only available for a small number of diabetics, these developments will hopefully start the ball rolling for more providers to start offering cover of this type.
Income Protection for type 2 diabetics is available but is very restricted due to the range of conditions that can be linked to diabetes, that can be considered as claimable conditions. There are strict criteria for successful Income Protection applications for type 2 diabetics and you should be prepared to see at least a 100% increase in any provisional premiums you are quoted. To be eligible for Income Protection when you have diabetes you would have to be a non-smoker and the condition be well controlled with no associated conditions.
Are you going on holiday? We work alongside a specialist broker who can help you to understand how travel insurance works when it comes to your diabetes. For more information on diabetics travel insurance, visit our dedicated page here.
Possible Effects on Lifestyle
Common problems experienced by individuals who have diabetes include
Difficulty adjusting to new exercise routines
Yearly foot checks
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
The above list is respective of all of the major groups of medications that are issued for type 2 diabetics: Alpha Glucosidase Inhibitor, Biguanide, DPP-4 Inhibitors (Gliptins), Incretin Mimetics/GLP-1 Analogues, Prandial Glucose Regulators, Sulphonylureas, Thiazolidinediones (Glitazones).
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 2 diabetes is the more common form of diabetes and typically develops after the age of 40. Type 2 diabetes displays a gradual decline in health as the pancreas continues to produce insulin, but no longer develops the correct amount for the body's regular functioning (insulin deficiency). Alternatively, the body may have developed a resistance to the insulin that is produced by the pancreas. Insulin is required to transfer glucose/sugar within the blood to cells that can alter it into energy.
Type 2 diabetes is characterised by low insulin that leads to high blood glucose levels. Initially this form of diabetes can be treat by a change in diet, but as the illness progresses medication in the form of tablets and/or insulin injections is likely to be required. Properly diet-controlled or medicated, a type 2 diabetic can lead a perfectly normal and healthy life. The greatest impact of a diagnosis of type 2 diabetes is the change in lifestyle that is required to improve symptoms, which is dependent upon a positive attitude to alter habits for a longer and healthier 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