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Getting the Right Life Insurance Cover with Diabetes Can Be Difficult – What is Available?

Taking out Life insurance is an easy option for some people, but for those with a chronic, life-long condition like diabetes, it can be a lot harder to find a provider willing to cover you or any further complications related to your condition.


This does not constitute advice and advice should be sought in all instances before acting on it.


More people than ever have diabetes – the volume of people suffering complications or dying because of their diabetes is growing.


According to Diabetes UK, 4.7 million people in the UK are living with diabetes, which equates to one in 15 people. The alarming fact is that around one million of those people have Type 2 diabetes but have not yet been diagnosed.


Learn more about diabetes – World Diabetes Awareness Day on 14 November 


Why it’s a struggle to get cover for diabetes

Diabetes can be a gateway to a multitude of medical complications. Every week more than 500 people with diabetes die prematurely. The problems diabetes cause can be extensive –  it’s one of the reasons some insurance providers will deny cover. Thousands of people in the UK have suffered from heart conditions, amputation, and blindness each week as a complication of their diabetes.


Studies have shown that people with diabetes are 2.5 times more likely to experience heart failure.


If you have life insurance, the last thing you need is to be diagnosed with a condition and then be advised that any complications arising from said condition will not be covered. And it’s a strong possibility that a situation like that will occur considering that the number of diabetes cases has more than doubled in the last 20 years.

So, what can you do?


Your adviser is invaluable to you and your financial planning

How do you navigate around providers and the information you need to supply in order to take out a life insurance plan when you have a pre-existing condition?

A lot of providers offer cover on a moratorium basis, meaning that any complications arising from a pre-existing condition that you have prior to taking out your policy may not be covered. And for someone with diabetes, the list of exclusions can be long. It means that your cover may not be there for you when you need it most.

This is where speaking to the right adviser can be instrumental in finding cover that you can depend on for the rest of your life.


Let us support you in your search for cover

Speaking to an adviser who has experience of working with dental and medical professionals, and works with an extensive list of providers who would cover your condition, can be crucial to protecting your family and finances.

A knowledgeable adviser understands the policy terms and conditions and the underwriting clauses for each provider, and can help you choose the policy that will provide full cover for you. There are specific diabetes life cover policies available out there but it’s finding the most suitable one for you that an adviser can support you with.


Want help to find the right Life insurance?
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Dental & Medical Financial Services have been helping doctors and dentists to build and protect their wealth, whilst saving tax for over 25 years.
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