Having life insurance protection can be an important financial tool in many peoples’ lives. It can mean the difference between having your loved ones carry on financially or having to dramatically changes their lives in case of the unexpected – during an already difficult time for them.
Obtaining a life insurance policy can be easy for some, but more difficult for others. This is especially the case for those who may suffer from certain types of health conditions such as diabetes. In addition to the condition itself presenting various risk factors to the life insurance company, sometimes the medication that is taken to manage or control the issue can also present additional risk due to its potential side effects. Such may be the case for those who apply for life insurance while taking Avandia – unless you know how and where to look when applying for coverage.
How Avandia Works for the Treatment and Control of Type 2 Diabetes
Avandia – also known as Rosiglitazone – is an oral type of medication that is used to help control the blood sugar levels in those who have Type 2 diabetes. It is important to note that this medication is used only for those who have Type 2 diabetes, and not those who have Type 1.
This medication is often used in conjunction with other medications, as well as in combination with the patient eating a healthy diet and exercising. This can help to result in a better outcome.
Avandia can only be taken by prescription, and it is important to follow the instructions carefully as it could have certain side effects. Regularly checking blood sugar levels is extremely important, because allowing blood sugar to get too low can result in dizziness, shakiness, headache, and irritability.
Will You Be Able to Qualify for Life Insurance While Taking Avandia?
Those who take Avandia can often qualify for life insurance coverage. Even if you have been turned down for coverage in the past, it is important to understand that not all life insurance carriers will underwrite their applicants in an identical manner. What that means is that the very same applicant may be deemed as uninsurable by one carrier, yet be accepted by another – possibly even at a Standard policyholder rate.
With that in mind, it makes sense to apply or work with an entity that has access to more than just one life insurance carrier when moving forward with a life insurance application – especially for those who have conditions like Type 2 diabetes and are taking Avandia.
What the Life Insurance Underwriters Will Want to Know About You
When an applicant is trying to get life insurance, it is usually necessary to complete an application for coverage. This application will usually request basic personal information about the person who is applying, as well as for data regarding his or her health and other pertinent information that will provide the insurer with a more detailed view of how much risk it could be taking on if it accepts the applicant for coverage.
The information that is typically asked for on the life insurance application for coverage includes:
- State of Residence
- Contact Information
- Marital Status
- Smoking Status
- Alcohol Consumption
- Health Condition and History
- Family Health History
- Hobbies (particularly those considered risky or dangerous such as scuba diving, rock climbing, or skydiving)
- Frequency of Foreign Travel (if applicable)
- Other Life Insurance In-force (and if so, how much coverage)
For those who are applying for life insurance while taking Avandia, the insurance company will want to know more information about the reason you are taking this particular medication, as well as the amount of the dosage.
As an example, you may be asked the following types of questions by the insurer:
- When were you initially diagnosed with diabetes?
- When were you initially prescribed Avandia?
- What was the initial dosage you were prescribed of this medication?
- Has the amount of your dosage changed over time?
- How – and how well – is Avandia controlling your Type 2 diabetes?
- Have you suffered any side effects from this medication? (If so, what?)
- Are you managing or controlling your diabetes in any other manner besides taking Avandia (such as through diet and / or exercise)?
It is probable that in addition to answering the questions on the application, along with the additional questions about your Avandia medication, you will be required to undergo a paramedical examination. This entails meeting with a paramedical professional – either at your home or your place of employment – and having them get a heart rate and a blood pressure reading from you. They will also obtain from you a blood and a urine sample which will be tested by the insurance company for certain health-related risks.
In addition, it may also be necessary for the life insurer to review your medical records from your primary care physician and / or from any type of diabetic specialist that you see for your condition. (It is typically necessary that you provide permission first for the insurer to do so).
Once all of your information has been received by the insurance company, it can be more thoroughly reviewed and a decision can ultimately be made regarding your coverage, as well as regarding an appropriate premium rate.
How Much Will Your Coverage Cost When Taking Avandia?
The cost of your life insurance when taking Avandia will be dependent on a number of different factors. Certainly, as with most other life insurance, it will be based on your age, gender, health, and life expectancy. It will also be based on the type of coverage that you purchase. For example, term life insurance will typically start out with a lower premium than permanent coverage. That is because term life provides a death benefit only, whereas permanent coverage provides both a death benefit, along with a cash value component that builds up savings over time.
When a person is taking Avandia, it typically means that they have Type 2 diabetes – which in turn means that they may be required to pay higher premiums on their life insurance coverage. They may also be subject to more strict underwriting guidelines when going through the life insurance application process. They may also have fewer overall policy options.
With this in mind, however, it may be possible to qualify for a Standard policy class, provided that your overall health is quite good. If so, you will be charged the policy premium rate of the average policyholder who is of your age and class.
In other cases, someone who is taking Avandia for Type 2 diabetes will be able to qualify for coverage, but it will be as a substandard policyholder. This means that you will still be offered a policy, but it will be at a premium rate that is higher than the Standard, or the average.
Where to Locate the Best Insurance Quotes When Taking Avandia for Diabetes
When shopping for life insurance coverage when taking Avandia, it is typically best to do so through an agency or a company that has access to multiple insurance carriers. This is so that you can have a better chance of being approved for the coverage that you need.
Just like when shopping for any other item or service, you don’t want to look in only one place – but rather it pays to compare and see where the best policy, benefits and premium price can be found.
When doing so, we can help. We work with many of the top life insurance carriers in the marketplace today, and we can get you the information that you need for making a purchase decision. We can do so for you quickly and easily – all from your home computer. When you are ready to move forward, all you need to do is fill out the form on this page.
If you have any additional questions regarding getting life insurance for people who are diabetic – or even about life insurance in general – we can assist you there, too. For example, our experts can also help you to answer important questions such as:
- What is the right type of coverage for you, term or permanent?
- How much coverage will be enough?
- Which of the many carriers will be the right one for your specific needs?
We can be reached directly, via phone, toll-free, by dialing 888-229-7522.
Sometimes, when you have a health condition, it can be easy to feel like there are no options left. But that isn’t the case at all. We can help you to find the life insurance coverage that you need – often at an attractive premium price. So, contact us today – we’re here to help.