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  • FIRST POST
    • Lukeedwards88
    • By Lukeedwards88 14th Feb 18, 11:25 AM
    • 13Posts
    • 0Thanks
    Lukeedwards88
    Life Insurance and Diabetes
    • #1
    • 14th Feb 18, 11:25 AM
    Life Insurance and Diabetes 14th Feb 18 at 11:25 AM
    Hi All,

    I am really struggling to find cover for myself.

    Been rejected from about 4/5 so far. I am also on a waiting list for an Endoscopy for potential reflux issues.

    So my question is two-fold?

    1. Any suggested insurers who will cover T1 diabetics
    2. Shall I wait for my latest medical tests before applying for cover to reduce premiums?

    Thanks

    Luke
Page 1
    • Quentin
    • By Quentin 14th Feb 18, 11:34 AM
    • 34,516 Posts
    • 18,486 Thanks
    Quentin
    • #2
    • 14th Feb 18, 11:34 AM
    • #2
    • 14th Feb 18, 11:34 AM
    Try the diabetes.co.uk website
    • ACG
    • By ACG 14th Feb 18, 11:48 AM
    • 16,320 Posts
    • 8,434 Thanks
    ACG
    • #3
    • 14th Feb 18, 11:48 AM
    • #3
    • 14th Feb 18, 11:48 AM
    I used to work as an account manager for a life office. There was a broker who tended to specialise in helping those with diabetes and other health issues. For the life of me I can not remember their name.
    They were based in Macclesfield/Stockport way.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • Weighty1
    • By Weighty1 14th Feb 18, 1:21 PM
    • 259 Posts
    • 97 Thanks
    Weighty1
    • #4
    • 14th Feb 18, 1:21 PM
    • #4
    • 14th Feb 18, 1:21 PM
    There are plenty of insurers who will cover T1 diabetics, depending on when you were diagsosed, your HbA1c reading and whether you have had any complications arising.

    The outstanding investigations could be the bigger issue here. Insurers don't like underwriting on unknown factors so until it is confirmed that you have reflux and nothing more sinister I think you'll struggle obtaining terms.
    • csgohan4
    • By csgohan4 14th Feb 18, 1:52 PM
    • 4,285 Posts
    • 2,678 Thanks
    csgohan4
    • #5
    • 14th Feb 18, 1:52 PM
    • #5
    • 14th Feb 18, 1:52 PM
    the insurers may also load your premiums up as well, more so if your diabetes is not under control
    "It is prudent when shopping for something important, not to limit yourself to Pound land"
    • Lukeedwards88
    • By Lukeedwards88 14th Feb 18, 4:39 PM
    • 13 Posts
    • 0 Thanks
    Lukeedwards88
    • #6
    • 14th Feb 18, 4:39 PM
    • #6
    • 14th Feb 18, 4:39 PM
    There are plenty of insurers who will cover T1 diabetics, depending on when you were diagsosed, your HbA1c reading and whether you have had any complications arising.

    The outstanding investigations could be the bigger issue here. Insurers don't like underwriting on unknown factors so until it is confirmed that you have reflux and nothing more sinister I think you'll struggle obtaining terms.
    Originally posted by Weighty1
    The speciailist has said its reflux but needs an endoscopy to confirm, so I think its better leaving it till that's been resolved but try and see if I can find something
    • Weighty1
    • By Weighty1 14th Feb 18, 5:57 PM
    • 259 Posts
    • 97 Thanks
    Weighty1
    • #7
    • 14th Feb 18, 5:57 PM
    • #7
    • 14th Feb 18, 5:57 PM
    The speciailist has said its reflux but needs an endoscopy to confirm, so I think its better leaving it till that's been resolved but try and see if I can find something
    Originally posted by Lukeedwards88
    In the previous applications were you specifically declined or was cover postponed until the outcome of the endoscopy was known?
    If it was the former then the chances are that it IS something diabetes related causing the issue,it's just the outstanding investigation won't be helping.

    I'm T1 diabetic myself and have dealt with loads of clients with both T1 and T2 diabetes. T1 diabetics are normally harder to cover due to the length of time since diagnosis when they normally start looking to arrange life cover. Premiums increases for diabetics are based on the type (1 or 2) the applicants HbA1c reading and time since diagnosis. Providers don't like the HbA1c being over 10 (in the old scale) and will generally decline immediately for this. Also, if you'd have the T1 for more than 20+ years then it can make it difficult, but not impossible for providers to offer cover. If it's a combination of long standing diabetes and a high HbA1c reading then this compounds the matter.

    Obviously, not really want you'll be wanting to hear but it's just being realistic
    • Freddie Allen
    • By Freddie Allen 15th Feb 18, 9:55 AM
    • 18 Posts
    • 2 Thanks
    Freddie Allen
    • #8
    • 15th Feb 18, 9:55 AM
    • #8
    • 15th Feb 18, 9:55 AM
    I got my father insured with Aegon Life Insurance which covers T1 and T2 as well.
    HNY
    • Lukeedwards88
    • By Lukeedwards88 15th Feb 18, 1:22 PM
    • 13 Posts
    • 0 Thanks
    Lukeedwards88
    • #9
    • 15th Feb 18, 1:22 PM
    • #9
    • 15th Feb 18, 1:22 PM
    In the previous applications were you specifically declined or was cover postponed until the outcome of the endoscopy was known?
    If it was the former then the chances are that it IS something diabetes related causing the issue,it's just the outstanding investigation won't be helping.

    I'm T1 diabetic myself and have dealt with loads of clients with both T1 and T2 diabetes. T1 diabetics are normally harder to cover due to the length of time since diagnosis when they normally start looking to arrange life cover. Premiums increases for diabetics are based on the type (1 or 2) the applicants HbA1c reading and time since diagnosis. Providers don't like the HbA1c being over 10 (in the old scale) and will generally decline immediately for this. Also, if you'd have the T1 for more than 20+ years then it can make it difficult, but not impossible for providers to offer cover. If it's a combination of long standing diabetes and a high HbA1c reading then this compounds the matter.

    Obviously, not really want you'll be wanting to hear but it's just being realistic
    Originally posted by Weighty1
    Just had a basic message saying I could not be covered (probably because I was looking for critical illness as well)
    • Lukeedwards88
    • By Lukeedwards88 15th Feb 18, 1:24 PM
    • 13 Posts
    • 0 Thanks
    Lukeedwards88
    I got my father insured with Aegon Life Insurance which covers T1 and T2 as well.
    Originally posted by Freddie Allen
    Thanks I have seen that they are supposed to be good for Diabetes. I have found two brokers who specilase in this area who are looking at the moment.
    • Weighty1
    • By Weighty1 15th Feb 18, 2:18 PM
    • 259 Posts
    • 97 Thanks
    Weighty1
    Just had a basic message saying I could not be covered (probably because I was looking for critical illness as well)
    Originally posted by Lukeedwards88
    As far as I'm aware no mainstream provider offer critical illness to people with T1 diabetes. Friends Provident and then Friends Life used to offer it for diabetic but only T2 ones and even then it excluded all heart related conditions, stroke, kidney failure, blindness, loss of limbs. It became almost like cover just for cancer and MS so many other things were excluded.

    It might be worthwhile these brokers looking at long term income protection options instead as there's at least one provider who can offer this.
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