Diabetes Talking

Question:

Hmm, a "normal" Beavis…is that a relative term?  <G I have a piddly little policy that I took out when I was single and 25, and I pay an exhorbitant amount based on "information from my doctor" that put me into a "Table 12" instead of a "Table 8" rating.  (And when I was in grad school, I wanted to be an actuary.  Is that poetic justice or what?) I was told that I could have my doctor send amended info in the future should my control improve.  I never did.  My policy probably will cover funeral expenses and that’s it. Shortly after I got married, my husband and I applied for a life insurance policy.  They took blood samples, and they got stuck trying to reach my doctor.  I couldn’t figure out what they wanted from me, because they had the blood test results they took, they had my doctor’s contact info, what else can I do?  Hell, I never even got to see the info my doc supplied to the first insurance company!  (Of course, I turned 30 the following year, so there goes yet another factor in my favor) Some of the insurance companies that boast "no exam required, cannot be turned down for any reason" also do not cover you past your early 60s. I would kind of like to find a decent insurance rate for life insurance, considering that my husband and I are planning to have children in the next year or two.  At least I still have a chance to get a rate for people under 40, MAYBE! — ~ Mookie ~ T1 since 10/80, MDI Humalog/Ultralente

– Hide quoted text — Show quoted text – Has anyone successfully found an insurance company that sells term life policies for those of us with diabetes – at a ‘fairly’ reasonable rate? Any help would be I was quoted 2 figures very recently. The first figure was for me being "normal" and that was 30 UKP per month. The second was for me as I am (T1), and that was 80 UKP per month. I told him to get fucked. (Sorry, but that IS what I said to him) Beav

Response:

Has anyone successfully found an insurance company that sells term life policies for those of us with diabetes – at a ‘fairly’ reasonable rate?  Any help would be appreciated.

I recently was approved by The Old Line Life Insurance Company of America through my Bank.  The price was 1/2 of what my regular insurance company wants. The rep gave me a tip, if your Glucose is above 150 when they do the medical exam, it’s an automatic refusal.  I’m sure that HbA1c has something to do with it. Chris T1.5 Dx Sep. 99, R+N

Response:

Has anyone successfully found an insurance company that sells term life policies for those of us with diabetes – at a ‘fairly’ reasonable rate?  Any help would be appreciated.

Response:

Has anyone successfully found an insurance company that sells term life policies for those of us with diabetes – at a ‘fairly’ reasonable rate?  Any help would be

I was quoted 2 figures very recently. The first figure was for me being "normal" and that was 30 UKP per month. The second was for me as I am (T1), and that was 80 UKP per month. I told him to get fucked. (Sorry, but that IS what I said to him) Beav

Response:

Has anyone successfully found an insurance company that sells term life policies for those of us with diabetes – at a ‘fairly’ reasonable rate?  Any help would be appreciated.

It’s highly unlikely.  Insurers just look at the expected mortality of a particular group in relation to the mortality of some "normal" group, and adjust the rates to cover the expected disparity in payout.  The diabetes group has, as a whole, about a 300% excess mortality, i.e. about 3 times the expected payout.  (Note that it takes years of data to calculate the excess mortality, and since treatment is improving, the calculated excess mortality is probably trailing reality by some fair amount.) Different companies use different subgroups of diabetics as groups to rate, so you will find differences among the rates depending on the details of your situation.  In all cases, however, they will be high. One way around this problem is to work for a large organization that has a group plan which covers everyone at the same rate and from which no employee can be barred. There is an interesting article from an insurance trade journal at http://www.lnrc.com/index.htm?Open=http://www.lnrc.com/eprise/main/lr… go to issue 148 — Charly Coughran

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