diabetes and life assurance

[dmccreefalconer]

My partner looks like she is about to be diagnosed with diabetes. Does anyone know if we have to tell our life assurance provider. And if we do are they likely to load the premium.

 

[mrburden]

If you are already diagnosed when you take out a policy the premiums are going to be much higher that an equivalent application without diabetes. I can't say for sure what an insurer would do if you become diabetic AFTER the policy has started. However, you would need to inform the company of any diagnosis and the loading of the premium will vary for T1 orT2 diabetes. The following link may be of some use:
thisismoney.co.uk/insurance/ask-an-expert/article.html?in_article_id=459301&in_page_id=136

Hope that helps a bit.

 

[Ali H]

Any existing policies were underwritten at the time of inception and based on your health then. You do not need to notify them and your premiums won't alter. You will have to disclose the diabetes on any future applications.

Ali

 

[dmccreefalconer]

Thanks for the advice people, I feel a lot better now.

 

[ross88online]

Getting life insurance as a diabetic can be difficult. It is important when filling in a life insurance policy application form, such as the diabetic life form, to declare both your diabetes and any complications resulting from it. Failure to do so could lead to an insurance company ruling non-disclosure in your case, and invalidating any claims that you make.

Unfortunately, premiums on life insurance for diabetics are likely to be higher than for non-diabetics, as it has been proven that diabetes sufferers are a higher risk.

 

[LetitiaSmith]

Lots of interesting discussions about life insurance and diabetes here. AllClear Life specialises in finding life insurance with medical conditions, including life insurance for diabetics.

It is important to shop around and make sure you get the right quote for your life insurance for diabetes, to make sure that you are fully covered. You can get an instant, indicative quote online for diabetes life insurance here www.allclearlife.co.uk which may be useful for people on this thread...