Experien Insurance Services may be able to help you apply for Life Insurance if you have Diabetes. We work with a number of life insurers and the framework for Diabetes may differ from insurer to insurer.
When you apply for life insurance, the insurer will conduct a risk assessment process called “underwriting”. This process allows the insurer to assess your situation and consider whether to offer cover and, if so, with any potential not standard conditions.
If your application for presents a higher than standard risk for the insurer then they may set a higher premium for cover. Occasionally, the insurer may decline to provide you with cover.
Important criteria for rating includes:
• If your diabetes is stable and well controlled
• There are no complicating factors
• You show diligent compliance with treatment
• There is well documented medical evidence
This is general information and limited in its scope. If you are considering buying or replacing and a Life Insurance policy then contact us to arrange a review for you. We can consider your individual circumstances, goals and needs and recommend a suitable insurer, product and structure to use. Experien work with several insurers and have extensive experience in helping to arrange claims.
At the time of writing, Life insurance and Financial Advice services are provided by Experien Insurance Services Pty Ltd (EIS) ABN 99 128 678 937 and Experien Financial Services Pty Ltd (EFS) ABN 32 631 346 757. EIS and EFS are a Corporate Authorised Representative (No. 320626 and No. 1274354) Count Financial Limited ABN 19 001 974 625, AFSL 227232. See our website for our Financial Services Guide and latest AFSL arrangements. Always read the Product Disclosure Statement issued by an Insurer before considering insurance.
