Having diabetes does not mean that you won't be able to find an insurer who will be able to cover you. However, the severity of your illness can impact whether an insurer will be able to cover you or not.
Looking for cover that will protect you and your family financially when you need it the most is the first step but being denied cover can be stressful. Here is what you need to know.
Why do insurers care if you have diabetes?
Your health forms part of the underwriting process, which helps insurers assess if a cover will be the right fit for you. Being diagnosed with diabetes does not mean that you will not get cover. It is still possible for you to get and maintain a policy even if you have been diagnosed after taking out a cover.
The reason why insurers care about whether you have diabetes or not is because the illness will significantly affect your life. Not following the right dietary plan or sticking to your medicine can place your life at risk. Therefore, being honest will work in your favour to avoid having a claim denied when you pass away.
Why have you been denied cover?
Many factors can be at play that can cause an insurer to deny a policy. Your age, health and lifestyle play a significant role when it comes to assessing your level of risk. The type of diabetes you have can also affect your ability to get cover or receive a policy with a loading. There is a possibility that you can apply again when your health has improved or in the rare case where someone with type 2 diabetes becomes 'reversed'.
