I am trying to get life insurance for my 16-year-old daughter. The insurance company, with whom I have life insurance, will not cover her because she is diabetic. I was hoping any parent who has a child with diabetes might know what company offers this.
I assume you have been attempting to obtain a whole life policy. No insurer will issue that type of policy to someone with a chronic disease. People with diabetes should attempt to obtain insurance that does not require proof of medical status or insurability. These are more likely to be found in term life insurance policies in moderate amounts. In the case of your daughter, her best bet is to wait until she begins working. At that point, she can purchase a term life policy in a moderate amount through her employer's benefit program. Over time, she can purchase several term life policies in moderate amounts until her financial security needs are met. The policies should always be in amounts below the threshold in which underwriting or evidence of insurability is required. In some states, low cost term life insurance is available through savings banks and credit unions.
Original posting 1 Mar 2004
Posted to Insurance/Costs
Last Updated: Tuesday April 06, 2010 15:09:56
This Internet site provides information of a general nature and is designed for educational purposes only. If you have any concerns about your own health or the health of your child, you should always consult with a physician or other health care professional.
This site is published by T-1 Today, Inc. (d/b/a Children with Diabetes), a 501c3 not-for-profit organization, which is responsible for its contents. Our mission is to provide education and support to families living with type 1 diabetes.
© Children with Diabetes, Inc. 1995-2018. Comments and Feedback.