The short answer is yes, but there are a few things to consider to keep your cover active.

You have been diagnosed, now what?

The good news is that diabetes is a manageable illness. As long as you follow the medical advice that has been given to you by your doctor and dietician, you will be able to live your life unaffected by it. But what does this means for someone who has a life insurance policy? 

It is essential that you inform your insurer as soon as you are diagnosed. This will help your insurer create a policy that will be more suitable to your new situation and also help you avoid being guilty of non-disclosure. 

Non-disclosure is when you deliberately or unintentionally leave out information about medical conditions, your age or lifestyle activities that can put your life at risk. These could affect both your policy and the claim process. Should anything change in your life that could place your life or health at risk, it is crucial to update your insurer. 

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.

Will this affect my policy?

Your policy will continue to remain active, meaning that you will still be covered. However, it is possible that you will experience a slight increase in rates compared to someone without diabetes. However, it doesn’t have to be unaffordable. The higher premiums simply cover the increased risk that you present with having diabetes. 

It could differ from insurer to insurer. Make sure to check with your insurer if there will be any implications. You can always contact your insurer if you need clarity on anything regarding your policy to make sure that you are protected.