Underwriting life insurance in CA is a conservative endeavor, especially when the person being going through the process has juvenile diabetes. Found most commonly in newborns, children and teens, this is also known as Type 1 diabetes.
The body of a non-diabetic is able to change glucose into energy through correct amounts of insulin, a hormone from the pancreas.
Insulin is not produced by Type 1 diabetics. Instead, they must inject the appropriate amount of insulin into their bodies so that they do not accumulate glucose, which can result in high blood sugar, also known as hyperglycemia. The best way to control this is by using the right amount of insulin. Giving a diabetic too much or too little insulin may result in extreme damage to the body’s system, and may play a direct factor in making the purchase of life insurance hard.
Today, underwriting has not been able to keep up with advances in the control of juvenile diabetes. In the past, the amount of insulin necessary to perfectly compensate for the bodyís lack of insulin had been an approximate decision at best. But due to technological advances, it is a much simpler process to know how much insulin a juvenile diabetic needs. However, further complicating matters is the fact that as a diabetic’s age and diet changes, so do their insulin levels.
So how does the client with Juvenile Diabetes purchase life insurance? The answer is a bit difficult. Many carriers are unable to insure Type 1 diabetics. The underwriting guidelines place these people outside their scope of insurable persons. And though this may make the insurance process challenging, type 1 diabetics may still be able to be insured. The type 1 diabetic should only apply to those carriers whose guidelines allow for ìtable ratingsî sufficient to accommodate the juvenile diabetic. Table ratings are premiums above standard or preferred ratings and are meant to accomodate risk associated with various illnesses, build and other factors that can affect one’s insurability.
It is in type 1 diabetics’ best interests to ensure that their levels of blood sugar are under control. This is important not only for insurance, but for the diabetic’s well being. The measure of long term control is often a familiar concept for diabetics. Hemoglobin A1c, or just A1c, measures blood sugar over the span of three months. A reading of 7 or below is often considered evidence of good control by insurance companies, and is very important when applying for coverage.
It is also crucial to seek the help of an independent agent with experience in this area when considering life insurance. This is crucial not only from a convenience point of view, but more importantly, it will keep your record clean of declines from the database used by insurers, known as the Medical Information Bureau, or MIB for short. This group is used by all carriers in order to guard against fraud by the applicant. It is the independent agent’s responsibility to present the best possible case to the underwriter, and declines on the record cannot help.
Fortunately today, many type 1 or juvenile diabetics have the privilege of enjoying life expectancies close or equivalent to those that do not have this disease. Unfortunately, the life insurance industry has not yet advanced their underwriting to account for these recent advances. But in the meantime, insurance is in fact available in most cases, and should become more affordable as the industry better comes to terms with the positive evolutions that medical research has produced.
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