Diabetes Life Solutions<\/a>, an online service that lets people buy life insurance from any of more than 50 well-known companies, just released the results of a new poll today. According to the poll, people who have diabetes under control can get a lot of cheap life insurance choices, and rates for diabetics are at an all-time low.\u00a0 However, the majority of the diabetes community has a misconception that obtaining life insurance is difficult.<\/p>\nThe American Diabetes Association (ADA) says that in 2024, 9.4% of Americans, or about 30 million people, had diabetes. People in the United States aged 18 and up have a condition called pre-diabetes, which makes them more likely to get type 2 diabetes.<\/p>\n
These are the lowest rates of life insurance that we\u2019ve witnessed in the last 25 years.\u00a0We conducted a survey in preparation for November in recognition of National Diabetes Month, and the results show that a robust and competitive market for life insurance exists for individuals suffering from diabetes who are stable and in compliance with their doctor\u2019s instructions,\u201d said Matt Schmidt with Diabetes Life Solutions, the founder and CEO.\u00a0We are hoping that our findings can help those with diabetes who are looking for the best deals in life insurance.<\/p>\n
Assuming no other ratable health issues, the chart below provides the most affordable monthly costs for diabetics who are type 2 on a 20-year, medically underwritten, level-term life insurance policy that will cover death by any cause, at any time and in any location, with the exception of suicide within the first two years of coverage (one year in some states).\u00a0The sample 20-year term insurance rates listed require medical underwriting and are renewable, without evidence of insurability, to age 90+.\u00a0Certain plans can be converted to permanent insurance without the need to undergo further underwriting.<\/p>\n