Getting life insurance when you have diabetes is already difficult but when you have type 1 diabetes it can be close to impossible. Most life insurance companies will turn down anyone who takes insulin. On top of that if you don’t want to go through the traditional medical exam it can be even more complicated. However there is a company right now that is offering a real life insurance solution without any waiting periods and without a need for a medical exam for anyone who is insulin dependent diabetic.
The name of the company is UHL Insurance Company and they are really helping people with type one diabetes get life insurance coverage. They have been around since 1948 and have an excellent rating with A.M. Best. UHL is one of our leading companies for simplified issue life insurance products for insulin dependent diabetics.
It’s quite often that people with type one diabetes get offered a graded death benefit coverage. This is a life insurance policy that gets issued with no questions asked but has a two to three year waiting period before it becomes fully active. Basically if something happens to you during that time usually your family would only get the money you paid into it plus interest.
But there is no need to settle for these plans unless you are in detrimental health condition. Because now insulin dependent diabetics can get up to $50,000 of life insurance coverage that is effective from day one. Depending on your needs you can choose to go with an affordable 20 year term or a more permanent option such as their whole life product. The monthly premiums with these plans are level and guaranteed, so you won’t get any surprises about sudden price increases. If you want to customize the policy you can add an accidental death benefit rider which will increase the death benefit your family would receive if the cause of death was due to an accident. The plans also allow children to be added to the coverage.
Application Process
As far as moving forward with the plan, the application process couldn’t be any simpler. The application is a short series of yes or no questions. There is no medical examination or bodily fluid testing required. Once your application is submitted the company will be able to provide a fast turnaround time. All because there no traditional underwriting so the company will not need to request any records from your doctors. Best part is that whether you got declined for life insurance before you can still be considered for coverage with this company.
Our agents can take you through the whole process by providing you quotes and helping you with the entire application process. If you would like to learn more please contact us at 888-492-1967 or just email us. Hope you found this information useful and if we missed anything please drop a question in the comment section below. Feel free to share this article if you know someone who is also an insulin dependent diabetic.
