Why Can’t I Get a Preferred Diabetic Life Insurance Rate?

There are currently about 3 out of the thousands of insurance companies available in the U.S. right now that may offer some diabetics a preferred life insurance rate, but 99% or more of all diabetics won’t qualify for a preferred rate.


We had 1 semi-recent case offered preferred, but it was only on permanent life insurance…not term. 


There was a company 10+ year ago called U.S. Financial Life that would offer preferred term life insurance rates to some diabetics, but they’re no longer offering life insurance at all…


Pay more attention to the actual cost 


U.S. Financial’s preferred rates were equivalent in cost to other companies standard or regular rates, but it was a great ploy to get many diabetics to feel good about getting a “preferred” life insurance rate.


Could it be that they closed up shop because they got too many claims, I’m not sure…


But they closed up shop very quickly after AXA Equitable took them over. 


Why You Can’t (usually) Get A Preferred Diabetic Life Insurance Rate


Diabetes is the body’s inability to utilize glucose. So what’s the big deal?


Glucose is our supply of energy, it’s the fuel that allows us to live.


But what happens if glucose cannot get out of the bloodstream and into the cell?


The first thing to happen is that the level of glucose in the bloodstream begins to rise.


As the glucose begins to rise, its eventual passage into the cell will cause damage to the cell and to the very small vessels called capillaries.


Think of glucose as sand in the bloodstream, the more sand (glucose) the more damage to the vessels and the end organs, such as: the kidneys, the heart, eyes, the peripheral vascular system and many other systems.


Diabetes increases likelihood of other health issues


Based on statistics from the American Diabetes Association, adults with diabetes have heart disease death rates about 2 to 4 times higher than adults without diabetes.


The risk for stroke is also 2 to 4 times higher among people with diabetes.


We have been asked the question “I’m diabetic, why can’t I get a preferred rate” so many times.  So the above info is really why life insurance companies charge more to most diabetics.


What Life Insurance Companies are Really Good for Diabetics Now


Fortunately, there are a handful of life insurance companies that will make much better offers to diabetics than the majority will.


A and A+ rated companies like John Hancock, Prudential, Lincoln National, American General, United States Life, William Penn and Banner Life are all currently really aggressive companies for diabetics and will many times offer the best diabetic life insurance rates.


They definitely aren’t the only aggressive companies for diabetics as we’ve found others that have beaten offers by all of the companies above on some occasions.


You Gotta Shop Around…and Hold Your Agent Accountable


You really have to shop to make sure you’re dealing with a broker or website that has a lot of experience with diabetes cases and that really cares about getting you the best offer. 


If you provide an accurate A1C and other health information to your agent up front and then you don’t qualify for the rates you were quoted, you need to hold your agent accountable and get specifics as to why you did not qualify for the rates that you were originally quoted.


Don’t accept any policy if you’re not satisfied with the rate you’re offered. 


We’ve been working since 1969 to get our clients the best available diabetic life insurance rates. We’ve been able to get the best available rates for diabetics because we have long-term relationships with all the top insurance companies and we can simultaneously get offers from multiple diabetic-friendly insurance companies.

Best Case Scenario Diabetic Life Insurance Rates


Let’s take a look at what all of the competitive insurance companies may offer very well controlled later age onset diabetics that are in good health otherwise…


Important to remember that underwriting guidelines are always changing and the rate for which you’ll actually qualify will be determined by MANY different variables, so these rates below are all best case scenario rates right now: 






The reason most won’t qualify for a Preferred rate is that you’d have to be diagnosed over the age of 50 – 55, your A1C would have to be 6.5 or less, you’d have to have a history of great blood sugar control with no present or past diabetic complications and your health would have to be excellent otherwise (i.e. perfect blood pressure, cholesterol, ht/wt, etc.).


Even most non-diabetics are not in “perfect” health based on life insurance company guidelines.


The underwriting issue for diabetics is the increased potential for health issues because of the diabetes.


Below is some information from one of the best insurance companies for diabetics about the real issues that cause insurance companies to charge more to most diabetics.


Contact us to see if you qualify for a preferred diabetic life insurance rate.