Trauma Insurance for Diabetics

The prevalence of diabetes in Australia grows stronger every year. By 2025 the total number of cases is projected to be 380 million cases, or 7% of the adult population.

In recent years, some life insurance companies have relaxed their once extremely strict guidelines in regards to the assessment of diabetics. While some companies are unwilling to cover diabetics, others will.

It is possible to take out different types of life insurance, including trauma insurance for diabetics. Almost all insurance applications processed through Lifebroker, are medically underwritten. Your answers in the application will be the basis on which the underwriter decides whether to cover you or not.

Don’t be afraid to tell your insurance broker up front about your condition. Lifebroker insurance consultants will often perform pre-assessments on your behalf with insurance companies before you apply. If they are able to retrieve certain information regarding your condition, they can ring around to the top insurer’s and find out who is able to offer you cover.

Everyone’s situation is unique, so it’s best to be upfront about your diabetes.  If your insurance broker finds out after the application, it could make the process longer than it needs to be.

The information your insurance broker will require from you in order to perform a pre-assessment with the insurer will include but may not extend to:

• Current diabetes type
• Your smoker status
• Height
• Weight
• Blood pressure readings
• Any cholesterol issues you may have
• Age at diagnosis
• Last HBA1C reading
• How well controlled your diabetes is
• What treatment you have
• How compliant you are with treatment
• If you have had any complications from diabetes

So you can still be covered for trauma insurance if you are a diabetic.