Underwriting Diabetes
One of the most common health issues we encounter.
Did you know that rates can vary by carrier by as much as 50% or more!
It's true! There are companies available that have a thorough understanding of diabetes. These companies know the true risk and underwrite accordingly. Other companies will simply double your rate.
What do companies look for?
Control - Do you have good control of your diabetes?
Compliance - Are you following doctors orders? Eating the right foods, maintaing a healthy weight, eating the right foods?
Complete Medical Information - Do you have thorough medical records? Have you been going to the doctor for checkups or do you skip appointments and only have sporadic records?
Most companies will take the "standard" rate they offer consumers and charge a Table 2 rate, which means 50% more than the standard rate.
If you have good control, you end up paying 50% more in order to subsidize rates for individuals with poor control!!
Does that seem fair to you?
It is possible to get "standard" rates with some of the carriers if you know who to go to. More on this soon. Thank you.
Did you know that rates can vary by carrier by as much as 50% or more!
It's true! There are companies available that have a thorough understanding of diabetes. These companies know the true risk and underwrite accordingly. Other companies will simply double your rate.
What do companies look for?
Control - Do you have good control of your diabetes?
Compliance - Are you following doctors orders? Eating the right foods, maintaing a healthy weight, eating the right foods?
Complete Medical Information - Do you have thorough medical records? Have you been going to the doctor for checkups or do you skip appointments and only have sporadic records?
Most companies will take the "standard" rate they offer consumers and charge a Table 2 rate, which means 50% more than the standard rate.
If you have good control, you end up paying 50% more in order to subsidize rates for individuals with poor control!!
Does that seem fair to you?
It is possible to get "standard" rates with some of the carriers if you know who to go to. More on this soon. Thank you.
posted by Life insurance specialist at 11:08 AM
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