When you’re shopping for life insurance coverage, it’s important that you get enough protection for your family. Not having enough life insurance is one of the worst mistakes that you could ever make for your loved ones. When a lot of people calculate their life insurance needs, they are surprised to see just how much life insurance they would need.
While a million dollars of life insurance might seem like overkill, but for most people, it’s the perfect amount of insurance protection. If you’re an applicant with diabetes, then you might be concerned about getting affordable life insurance coverage, especially if you need a large million-dollar policy.
Life insurance is one of the most important purchases that you will ever make for your loved ones. It’s vital that you get the perfect plan for both you and your loved ones. This article is going to look at the different factors that you should know about getting million-dollar life insurance as an applicant with diabetes.
Can You Get Approved for Million Dollar Life Insurance with Diabetes?
Before we start looking at the specifics of getting life insurance, let’s answer the question of “If I have diabetes, can I still get life insurance?” and the answer is yes. Regardless of your health or any pre-existing conditions that you may have, it’s possible to get affordable insurance protection. Don’t let your diabetes diagnoses keep you from getting life insurance.
There are plenty of life insurance companies that specialize in working with high-risk applicants. These companies are going to give you better rates for your life insurance coverage. It’s important that you find the best company for applicants with diabetes.
Getting Better Rates for your Life Insurance Coverage
There are several ways that you can secure better rates from the insurance company. Making a few simple lifestyle changes could have an enormous impact on your overall health and your wallet as well. When you’re shopping for life insurance, it’s important that you get the most affordable plan available.
The first thing that you should do is cut out any tobacco that you currently use. If you’re a smoker, then you’re at a much higher risk for being diagnosed with lung cancer or having a heart attack. That means that you’re going to pose a much greater risk to the insurance company, and they are going to offset that risk by charging you higher premiums. In fact, smokers are going to pay at least twice as much for their life insurance protection versus what you would pay for the same plan if you didn’t smoke cigarettes. Quitting smoking is one of the best ways to lower your insurance premiums.
The next thing that you should do is improve your overall health. Before the insurance company approves your application, they are going to require that you take a medical exam, and the results of that exam are going to play a huge role in how much you pay for your protection. If you want to get lower rates, you’ll need to get better results from the insurance company.
As an applicant with diabetes, you’re already going to have a major red flag on your application, which means that the rest of your health needs to be as good as possible. If you want to increase your chances of being approved for an affordable policy, it’s time that you started lacing up those running shoes and hitting the gym. Getting regular exercise is an excellent way to lose weight, lower your blood pressure, lower your cholesterol, and reduce your chances of being diagnosed with some severe health complications. If you’re overweight, then you could pay 50% more for your life insurance coverage.
Another way to improve your health is to make healthy dietary options. Making healthy food choices can have a huge impact on your overall health. Switching out some of the junk food is an easy way to lose weight and save money every month.
As an applicant with diabetes, it’s important that you follow your doctor’s orders as closely as possible. That means that you should always take any prescriptions, make any lifestyle changes, and schedule follow-up visits every several months. Not only will this help you improve your health, but it will also show the insurance company that you’re dedicated to managing your diabetes.
The best way to ensure that you’re getting the lowest premiums is to compare dozens and dozens of plans before you decide which one is going to work best for you. Every insurance company is different, and all of them are going to give you drastically different rates depending on which company that you get the quote from. Finding the perfect company could be the difference in getting an affordable plan or getting a plan that’s going to break your bank every month.
Getting Life Insurance with Diabetes
When you’re shopping for million dollar life insurance coverage, it’s important that you get a quality and affordable plan. If you’ve been diagnosed with diabetes, either type 1 or type 2, it’s possible to get life insurance that will fit your budget.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance coverage that your family deserves. If you have any questions about getting life insurance with diabetes or about life insurance in general, please contact one of our experienced agents today. We would be happy to answer those questions and connect you with the best insurance plans to meet your needs.