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Misleading advert on Diabetes Co lead page

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pippin2345

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6
l am a 55year old IDD for the last 40 years and have life insurance that costs me £67 per month. l received an email from Diabetes.co.uk nd it states that insurance costs have come down in the last 5 years and that diabetics can get insurance for £5 per month. This was an opportunity not to be missed so l thought l'd get a requote. Imagine my anger when l found out it would cost £20 more than l pay now. WHAT A CON!!!!!
 
I am flabbergasted at what you pay now my friend.
Surely there must be somewhere you can get a comparison?
It gets on my nerves when companies jump on the diabetes bandwagon when they offer little or no more than anyone else.
Why do you think tesco pulled their diabetic foods range?
Good luck to you. The forum is the best place to find an alternative recommendation and I'm sure someone can help with a cheaper quote.

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I doubt its a con pippin its just that the older you get the more insurance costs as the risk of a claim increases with every year you live, a 20 year old will get much cheaper insurance than you will and my insurance if I took any out now at 61 would be higher than yours is. Thats just the way it is, not a con.

Any insurance you have is best kept as you will never ever get it cheaper as you get older. Anyone trying to get insurance after a diagnosis of diabetes is going to pay more than a non diabetic as well as the risk of earlier death is increased.

So its not a con but any ins quotes are subject to underwriting conditions that are effected by age and medical history, if a company wants to discount their rates for a period for people such as diabetics then thats up to them but again even a discounted rate will be more the older you are.

Be thankful that you have some insurance already in place as many dont and once a diabetic diagnosis is given, often later in life as with most T2's, the cost can be prohibitive.
 
Insurance costs always go up with age, as your premium rate was set probably at a younger age, it is not suprising that a new quote is more expensive. The new quote may not have been 'loaded' for the diabetes, but it maybe that the company has higher ratings and charges for ages than your other company.
Best thing is to get life assurance prediabetes... If only we knew!!! And stick to it then.
My advice, and I'm certainly not an insurance, assurance or financial person at all is for all parents to get their childrens lifes insured from a young child.. If you have the money to do so....I certainly wish that my parents had done so for me. Trouble is the older you get when first taking out life assurance the more premium will be imposed.

Same with health insurance...I was covered under my hubby no1 on his health plan through his Company (pre diabetes) . As soon as number 1 hubby was no more.. Then the health insurance went too!! Hey ho.. !!!
 
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