Homeopathic Heal Information - News about alternative medicine

Underwriting Life Insurance For Diabetics and Diabetic Life Insurance Information

Life Insurance Companies differ in their "underwriting philosophy" when it comes to diabetes. Offering life insurance for diabetics can be risky if the underwriters are not fully trained. Underwriters at the insurance companies that are fluent in underwriting diabetes have the ability to look at all of these factors and determine if the company will accept them as a risk. Moderately controlled diabetes cases would usually merit a "rating" or an increase in the premium, but not necesarily a declination for coverage. If the client with diabetes that is looking for life insurance is not controlled, then there are options - it will just cost them more for coverage!

Diabetic Life Insurance can be obtained no matter how severe the diabetes condition is. If the proposed insured has well controlled diabetes and a history of compliance with what the Doctor reccomends, then the rate for insurance will naturally reflect that. The better the control, the better the rate. Clients with well controlled diabetes have a great chance at getting a lower rate from a regular insurance carrier and would qualify for a policy that is fully underwritten. If, at the other extreme, the client has very poor control over the diabetes, the rate will be higher and the client will have to go with a life insurance plan that guarantees acceptance. This type of life insurance is called "guaranteed issue life insurance".

Guaranteed issue life insurance for diabetics is more expensive than regular (fully underwritten) life insurance and is only sold as "whole life insurance". This type of insurance can be advantageous, though, because it builds cash value and is intended to cover the client for their "whole life" as opposed to a "term" period of time. Another provision of guaranteed issue is that the premiums paid into the policy would be paid to the beneficiary PLUS 10% interest if the insured dies within the first 3 years of the policy's inception. After that 3 year period of time, the guaranteed issue policy would pay the full death benefit to the beneficiary.

Fully Underwritten policies take the client's full medical records into account. The doctor's records are ordered, blood is drawn, a urine sample is taken, and a full screening is done to evaluate the client. If the insurance company decides to insure this applicant, it is after the company's underwriters look at the case. If the client is fully underwritten and passes through underwriting, then they would have more options than just whole life insurance (in the case of those who are in need of guaranteed issue whole life insurance). Term insurance, Universal Life Insurance, Survivorship Universal Life Insurance, and regular Whole Life Insurance would be available to these applicants that are fully underwritten.

When evaluating a client with diabetes, the underwriters at the insurance company take into account whether the client is a type one diabetic (type I diabetic, type 1 diabetic, type 1 diabetes, type I diabetes) or a type two diabetic (type II diabetic, type 2 diabetic, type 2 diabetes, type II diabetes). Another thing that the underwriters look at is whether the client is a juvenile onset diabetic or an adult onset diabetic. And yet Another determining factor is the Hemoglobin A1C level (this is a more comprehensive test, showing the blood sugar levels over about a 3 month period of time as opposed to a quick "snapshot" blood level test).

If the client's A1C level is below 8, then fully underwritten life insurance may be available subject to the client's full medical file. If the client's A1C level is above 8, then guaranteed issue life insurance is a more realistic goal.

One of the things that applicants fear in the case of insulin dependent type 1 diabetics is whether or not their insulin pump will prevent them from getting a life insurance policy. An insulin pump is actually a positive factor where life insurance underwriting is concerned because the client's insulin level is kept at a constant level.

How often the client monitors their sugar or glucose levels in their blood is another factor. If the client habitually monitors their glucose level, then this is seen as evidence of compliance on the part of the client. If, on the other hand, the client does not monitor these sugar levels, then this could be seen as a negative in the eyes of the insurers and underwriters.

Have there been any low sugar episodes? Have there been any high sugar episodes? Is the client taking glucovance, glucophage, insulin injection, or other type of medicinal treatment? Is the client controlling the diabetes with "diet and excercise"? These are all questions that will be asked during the underwriting process (unless you opt for guaranteed issue).

By the way...ANYONE can get guaranteed issue; you don't have to be "uninsurable". Guaranteed issue is available for clients between the ages of 46 and 80 and up to $35,000 in coverage. Again, this is the more expensive type of life insurance and it is advisable that if you CAN make it through an underwriting evaluation, you should try unless you just want to pay more and be done with it!

So what kind of companies will accept clients with diabetes? Personally, I broker only with "A" rated companies that have the right combination of price, customer service, product variety, and recognition in the market. I deal with companies that take clients on a case by case basis as opposed to categorizing them "by the book". I have fully researched the market, I am in touch with the underwriters personally, and I assure you that these companies have the proper credentials to back up their policies. My clients are provided with full company backgrounds and financial profiles. I deal with several companies that are in the market to insure diabetics. The reason why I am witholding exactly what companies I deal with is because I want to earn your business and represent you as your life insurance agent. Contact Me for a free consultation!

By: Ashley Brooks, CLTC

Ashley is the marketing vice president for the Family Life Insurance Brokerage Business and has a background in Health & Financial Underwriting, Insurance Plan Design, and "best deal" shopping. Brokerage Services carries only A rated (or better) companies in their product portfolio and has been serving the needs of Independent Insurance Agents since 1977.

More Information about Mr. Ashley Brooks - http://www.ashleybrooks.info

More Information about Brokerage - http://www.BrokerageServicesOfCarolina.com

Join our free online Insurance & Financial Forum - http://www.AgentForum.net

Bach Flower Therapy
About this therapy
Bach Flower Essences Shop (German)
Bach Flower Essences Shop (UK)
Where to buy Original Bach Flower Remedies
Doc Nature - Bach Flower Remedies Advisor
How to use Bach Flowers
About Bach Flower Remedies & Essences
Dr Bach
Read more about the life of Dr Bach

MORE ARTICLES:

An Introduction to Bach Flower Essences Part II – The Seven Helpers
The 12-7-19 Method of Bach Flower ClassificationDr. Edward Bach, developer of flower essence therapy, classified the original 38 essences he used in his practice according to the 12-7-19 method: the Twelve Healers, the Seven Helpers, and the Second Nineteen.

Genital Warts Natural and Alternative Treatment Remedies
Have you been diagnosed with genital warts caused by the HPV virus? If so, your physician has probably advised you of the more conventional treatments available such as pharmaceutical ointments, cryosurgery (freezing), electrocautery (burning) or laser treatment. While many people undergo these types of treatments, some opt for a less invasive natural solution by visiting a Naturopathic doctor.

Effective And Original All Natural Acne Medicine Remedies
In pursuance for more than beautiful skin both gentlemen and women have a number of choices. At this time there are so many solutions along the shelves that you could take your time standing in a store meditating on them. Many discreet individuals Do not have that kind of time, Therefore we have to guess and even trust on what the ads tell us. Unfortunately advertisements are contrived to get you to purchase and its not unequaled for the accuracy to be debased a bit or even to be entirely overlooked. When you wish to find all natural acne care , situations can get slippery.

Home Remedies, Treatment To All Ailments By Herbal Homemade Remedies
Given below the list of Best Home Remedies for all common diseases and conditions. Try these effective home remedies for a few days and see the results.

Bach Flower Remedies
Bach Flower remedies are 38 plant and flower based remedies which where created during the 1930s by Dr. Edward Bach.

Common Uses For Bach Flower Essences
For thousands of years, our ancestors used natural remedies to help individuals with physical or mental health problems These formulas were passed from generation to generation for centuries until modern medicine came into being

New Holistic Acne Healing Remedies
Exfoliation is absolutely vital to maintaining a clear, healthy and glowing skin The only snag though, is that as we gradually age, the exfoliation process tends to dramatically slow down

Natural Health Remedies and Your Health
Health remedies are among the most important things you can utilize to gain full control of your health. Those that are natural are even better for you then others.

Natural Health & Holistic Medicine Verses Doctors & Conventional Medicine
Our argument for choosing Natural Therapies over conventional medicine is this

Natural remedies and Home remedies for Dark Circles Under Eyes
Dark circles under eyes are a common beauty problem. These under eye dark circles give us an appearance of tiredness or illness. They make us to feel worse and are rather detrimental to our self esteem.

An Introduction to Bach Flower Essences Part I – The Twelve Healers
What are Bach Flower Essences?Pioneered by Dr. Edward Bach in the 1930's, a flower essence is a liquid preparation imprinted with the etheric pattern of a particular flower.

Targeting Your Health Through Natural Health Remedies
I am sure that you have heard the saying, ?Your health is all you have?. Well, it?s true. Without your health, you couldn?t do the things you normally like to do. Without your health, your days seem numbered, not unlimited. It is important to take care of your health in any way you can. Optimizing your health should be a main concern of yours. But, there are ways to doing this that are not so bad.

Natural Sleep Aid Tips and Remedies
This article is a summary of some of the sleep aid remedies that are described in greater detail and with recipes and instructions at www.sleep-aid-tips.

Genital Herpes - Natural and Alternative Treatment Remedies
Modern medical science has not been able to produce a cure for the herpes simplex virus (HSV) and can only offer pharmaceutical solutions that help ease the pain and speed up recovery from a genital herpes outbreak. For those that don't want to turn to medication to manage a lifetime of outbreaks, several holistic and natural remedies may offer a safer alternative.