|
Will I have to pay more for my life insurance because I have Diabetes?
Whilst this is usually dependent between each insurance provider, the chances are that you are more likely to pay higher premiums for your diabetics life insurance than usual life insurance. This is because the insurance companies see you as a greater risk and you are more likely to make a claim on your policy. But don’t despair, we can still try to get you a fantastic rate for your insurance. Just fill in our quick & simple online diabetics life insurance quote form and we will do the rest. You could be quite surprised.
What is Whole & Term Life Insurance for Diabetics?
Well basically, whole life insurance covers you for the rest of your life and pays out on the eventuality of your death where as Diabetics Term life insurance only covers you for a set amount of years (term) and will pay out should you die within that term.
With a term policy your premiums and level of cover remain the same throughout the whole duration of the policy and this is the most common type of life insurance sold here in the UK.
How much cover do I need?
This is a very commonly asked question and it is completely dependent upon your individual financial circumstances.
What you have to consider is what debts and finances you will leave behind to your loved ones should you die such as a mortgage, personal loans etc.
By providing enough to pay these off will leave you family in a much stronger financial position in a very difficult time.
You also have to consider the impact of your lost income to your family.
By filling in our quotation form and speaking to one of our friendly advisors, they will be able to help you through the application process and ensure that you are not under or over insured at that the most suitable policy is chosen for you.
Is Income Insurance the same as accident, sickness & unemployment insurance?
Income protection insurance is different from ASU cover.
Income insurance is a long term insurance policy which will pay you a monthly income should you be unable to work due to illness or disability.
This payment will continue until you are fit enough to return to work or you retire (up to a maximum of 10 years)
Accident, sickness and unemployment insurance will cover you against accidents, sickness and unemployment / redundancy and will pay for a maximum of 1-2 years dependent upon your policy and insurance provider.
Diabetics Income Protection Insurance does not cover you for unemployment / redundancy.
How can I save money on my diabetic life insurance quotes?
To increase your chances of cheaper premiums for your diabetics life insurance it is recommended that you live a healthy lifestyle which includes a well balanced diet and regular exercise.
By insuring yourself at a younger age will usually result in cheaper premiums.
Obtain your quotes online through an independent insurance broker. By being independent, they are not tied down to just one insurance provider but will be able to compare quotes for you from a large range of UK insurance providers. |
|
