Vinny If you were a T1 diabetic, you would almost certainly expect to bear a loading on any life protection product you chose to buy, with certain categories beyond reach. As a T2 it will not be nearly so cut and dried.
Your profile doesn’t give any indication of your age, or any other conditions you may be suffering from. (Your profile does still state you are taking Metformin.)
For T2s, your doctor would almost certainly be asked to provide a “standard” diabetic medical report, where specific enquiries would be made about your condition. You would also have the opportunity to add context to the application form, where you would be asked to provide information regarding the condition. How that would then proceed would very much depend on a number of factors:
- Your age now
- Smoker status
- Your Occupation
- The term of the policy you would be applying for
- The type of benefits (e.g. insurance against death, critical illness or income replacement in the event you became unable to work.)
- Any other relevant health or familial issues
If you are serious about the need for life assurance, you should explore it sooner, rather than later, because I am pretty certain there is no way you would be offered any cover without the insurers having the benefit of a medical report, and the medics have something like 21 days to complete it; if I recall accurately. You would also be best placed to approach a financial advisor who operates independently (as opposed to someone from your Bank, for example), as they would be able to approach more than one company, if you weren’t being offered the terms you wanted.
As a final point, I would suggest Vinny, if you are considering going down this route you get your act in order. Reading back through this thread, frankly, it strikes me that you’re not too clear on certain scores or what various readings and tests mean.
In your shoes, I would want to be able to express my condition, blood results and so on in an accurate, non-emotional way. No insurance underwriter or actuary is ever, ever going to be interested in the injustice of everything you seem to feel, and indeed I would suggest that would go against you in an holistic review. You have some thinking to do.
For the avoidance of doubt, I am not a financial advisor, but I have done a lot of work in life companies, in pricing, underwriting and actualrial areas, so I have had a decent insight.