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As a type 1 diabetic for the past 27 years, I found myself at a crossroads familiar to many individuals in their mid-30s – the pursuit of financial stability and security for the future. While many in my age group are thinking about retirement savings, setting up investments, 401Ks, and family planning, my focus has also turned to securing life insurance. It was extremely important to my husband and I, that in the event unforeseen catastrophic circumstances occurred to either of us, our loved ones would be safeguarded and financially secure.
Spoiler alert: as I began taking the necessity steps to secure life insurance coverage, I found that it becomes particularly complex when living with a chronic condition like diabetes.
Living with Type 1 Diabetes: A Daily Reality
Despite appearing healthy and striving to maintain a balanced lifestyle through diet and exercise, the reality is that I’ve been managing type 1 diabetes for over 27 years. It’s a part of me, woven into the fabric of my existence. I can hardly recall a time before the constant monitoring, insulin injections, and the perpetual concern about managing blood sugar levels.
Let’s face it, being a type 1 diabetic shapes every aspect of my life, from the food choices I make to the constant vigilance over my glucose. Despite my efforts to maintain a healthy lifestyle and keep my hemoglobin A1c levels within a desirable range of 7-7.5, the reality is that the specter of potential complications loom large.
Working in the medical field has exposed me to the harsh realities of uncontrolled diabetes. I’ve witnessed patients undergoing dialysis or facing the prospect of limb amputations due to poorly managed diabetes. These experiences have reinforced my determination to prioritize my health and avoid such complications at all costs.
I shudder to think about becoming a burden on my husband due to my diabetes. Or having my children view me as “sick” or unhealthy, or worse, have my spouse raise our children without me is unbearable to think about.
Planning for the Future: The Importance of Life Insurance
Acknowledging the uncertainties inherent in life, particularly with a chronic illness in the picture, my husband and I embarked on the journey of obtaining life insurance coverage.
Initially, there was optimism from our insurance agent, who was a close friend and assured us that coverage wouldn’t be an issue. I’ll admit this surprised me at first because, truth be told, by this point I was used to having to jump through hoops because of my diabetes. I was even more surprised when she estimated that I would end up paying about $87 per month, while my husband would have to pay around $125 per month (he is 5 years older than me). It was hard for me to believe that he would still have to pay more than me, someone with a chronic, life-long medical condition.
Honestly, I don’t think she really understood the difference of writing a policy for a T1D instead of a type 2 diabetic.
I think it’s worth mentioning as well that our agents heavily encouraged us to begin the process right away to schedule the telephone interview and physicals. We expressed to them that we wanted to postpone it for 30 days so we could do a clean eating and detox reset in efforts to bring my husband’s blood pressure and cholesterol down, as well as my A1c. We understood that these could be potential reasons that lead to higher premiums or even denial. Again, not being medical professionals, I don’t think the insurance agents really understood the impact the lab values would have. Heck, maybe they just thought if we waited 30 days, we’d change our minds and back out.
We stuck to our plan and followed our clean eating reset for 30 days, and it turned out to be a good thing we did because my husband lowered his cholesterol and blood pressure and actually qualified for coverage paying just $75 per month instead of the anticipated $125 per month that they had originally quoted!
Unfortunately, I ended up encountering unexpected hurdles through the process and stark reality hit when I received a denial letter citing my type 1 diabetes as the sole reason for rejection.
Facing Rejection and Resilience
The rejection was a blow. I was devastated! I cried to my husband. I felt like a failure. I felt like I was letting our family down. Despite maintaining a relatively good A1c level and diligently managing my condition, I was reduced to a statistical risk in the eyes of insurers. It was yet another reminder of the misconceptions surrounding type 1 diabetes and the challenges faced by individuals like me. I was so frustrated! I’ve committed my whole life to not allowing diabetes to stop me from anything! Yet, my hands were tied here, and I felt vulnerable and hopeless.
There was nothing I could do to make the underwriters realize my lifelong commitment to self-care. They didn’t care how great my number were! My A1c was 7.5.
Literally the only thing they looked at was that I was a type 1, not a type 2, and the length of time I have been a diabetic. That’s it!
I know insurance is all about assessing risk, and when an insurance underwriter looks at me, all they see is a huge risk with potential complications.
They don’t see someone who takes really good care of themselves to avoid vision loss, dialysis, and amputation.
I also felt foolish for allowing myself to get my hopes up when we initially discussed potential barriers of getting coverage with our insurance agents. I would have preferred it if they were more straightforward with me in the beginning and help prepare me for the reality of obstacles.
So, I let myself cry for the night and pushed my husband away. Then I gathered myself together, called my insurance agent and started the process all over again with Lincoln Life Insurance.
The subsequent denial from another insurance provider only compounded my dismay, leaving me questioning the fairness of a system that seemed to penalize me solely based on my medical history (something that was outside of my control).
Triumph Over Adversity: A Lesson in Persistence
Disheartened but undeterred, I pursued alternative avenues for coverage. After multiple setbacks and appeals, I eventually found acceptance with AIG, while at a slightly higher premium than anticipated ($125 per month). It was a testament to perseverance and the importance of advocacy in navigating the insurance landscape as a type 1 diabetic.
Lessons Learned and Resources for the Journey Ahead
Reflecting on my journey, I’ve gleaned several insights that I hope will assist others navigating the complexities of obtaining life insurance as a type 1 diabetic:
Understanding Underwriting Criteria:
- Type Matters: Insurance companies primarily focus on the type of diabetes when assessing risk, with type 2 diabetes generally viewed more favorably than type 1.
- Duration of Diagnosis: The length of time since diagnosis can influence insurers’ assessments of risk.
- Importance of Glycemic Control- A1c Levels: While stringent criteria exist, maintaining hemoglobin A1c levels within the range of 6.0-7.5 can enhance eligibility for coverage.
Persistence Pays Off: Despite initial setbacks, perseverance and advocacy can ultimately lead to success, as demonstrated by my experience with the appeals process.
*Please note, I will never take “no” for an answer, especially when it comes to T1D!
Identifying Diabetes-Friendly Insurers: Several insurance companies have demonstrated a willingness to work with type 1 diabetics, offering hope amidst the challenges. Among them are:
- Lincoln
- Prudential
- Protective
- John Handcock
- Banner
- PacLife
- Mutual of Omaha
- AIG
- MetLife
- SBLI
- TransAmerica
Final Thoughts: Empowering Each Other on the Journey
Life insurance is a critical component of financial planning, providing peace of mind and security for the future.
In sharing my journey, my hope is to empower fellow type 1 diabetics facing similar challenges in securing life insurance coverage. While the path may be fraught with obstacles, resilience and determination are key to paving the way towards financial protection and peace of mind for the future.
As we navigate the complexities of life with T1D, let us continue to support and uplift one another, sharing knowledge, experiences, and resources to collectively conquer the hurdles that lie ahead. Together, we can defy the odds and build a more secure future for ourselves and our loved ones.
I invite you to leave a comment below, sharing your own insights or questions on this topic.
To continue exploring resources and insights on managing type 1 diabetes, I encourage you to explore my other blog posts, including tips for exploring national parks with diabetes, insights into the best insulin pumps and continuous glucose monitors (CGMs), and the importance of diabetes support groups, networks, and camps.
Remember, you’re not alone on this journey. Let’s continue to support each other and strive for a brighter, healthier future!
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