Hi. I am 28yr old female with type 1 diabetes. I got diagnosed 18 year ago. I have good control and no other medical problems. I'm looking for some life insurance companies. I had a quote but it tripled in price after my medical checks. Can you recommend any companies that specialise in diabetes life insurance? Thanks.
Each company makes their own mind up, based on all sorts of information, including how much risk they have on their books involving diabetes.
I don't know how you decided on the company you applied to. Was it via a bank or mortgage company? I would suggest it's always worthwhile using an IFA who uses pretty much the whole of the market (some use restricted preferred panels) when you have a particular issue, like diabetes to be taken into account. That way, your IFA can pre-enquire on your behalf.
The absolute reality, sad though it may be, is that you do represent an increased risk to other 28 year olds. If you are a smoker, it would be extremely worthwhile giving that up, although it would be a year or so before the life company would be able to consider a non-smoker premium rate.
Good luck with it.