How Diabetes Prescriptions Affect Your Life Insurance

Prescriptions for diabetics range very widely. But what you may not know is, your medication may actually help or hurt your ability to buy life insurance.

Diabetes prescriptions affect your life insurance premiums because they directly attribute to what rating you can get.

Because there are so many different types of prescription medications, including forms, dosages, and even experimental drugs, underwriters scrutinize your personal prescription use, past and present.

Yes, Diabetes Prescriptions Affect Your Life Insurance Rates (And Why)

how diabetic prescriptions affect life insuranceWhile it’s just one of many factors in buying life insurance as a diabetic, your prescription drug use greatly defines your body’s ability to properly use the amount of insulin it has access to. The term most often used is control, and how much control you have is paramount to getting approved.

Ideally, you need as little medication as possible, and your numbers remain steady. An applicant who has maintained a consistent prescription, without needing to modify it, for a long period of time, has the best chance at the best rates.

On the contrary, one who can’t seem to find the medication which is best for them and sees high fluctuations regularly will not.

Of course, what type of diabetes you have, whether it’s type 1, type 2 or gestational diabetes, will greatly impact what medication you’re prescribed. This can also have a direct impact.

A person needing insulin shots twice daily will, almost always, pay more than a person just needing a small tablet daily.

Here are some of the more common medications used by diabetics:

Now, even if you are currently in stable condition, your use dosage and frequency of use are consistent, and you’re in overall great health, there is another factor which affects your rating pretty highly.

The company you choose.

Every life insurer is familiar with all the different types of medications and prescriptions (including the off-brands), but how they treat them in their underwriting process differs.

For this reason, the top companies for diabetics aren’t easy to spot unless you’ve got in-depth knowledge of their underwriting guidelines. Make sure you do your due diligence before applying.

woman using insulin shot

Here’s Why Insulin Is Something You Should Understand

Insulin is a hormone which gets produced in your pancreas, according to Healthline. The pancreas is a gland located behind your stomach. Once the insulin gets produced, it helps your body create energy by absorbing glucose into your bloodstream. The production of insulin in our bodies is essential for day-to-day life and functionality. Certain unhealthy…
Read More
glucophage

Can Glucophage Affect Your Life Insurance Rates?

Glucophage and its generic version, Metformin, are both prescription drugs administered to control blood sugar. It is primarily prescribed to those suffering from type 2 diabetes and who suffer from hyperglycemia, which is more commonly known as high blood sugar. Glucophage is a medication taken by mouth as directed by a doctor. It helps to…
Read More
glynase

How Glynase Could Potentially Affect Your Life Insurance

Glynase is an oral prescription drug tablet that is used to treat high blood sugar in patients with type 2 diabetes in conjunction with a proper diet and exercise. Also known by the generic name Glyburide, it can be taken with other diabetes medications to regulate blood sugar levels for diabetic patients. While taking Glynase,…
Read More
humalog

How Humalog Could Affect Your Life Insurance Premiums

Humalog is the brand name for insulin lispro, a fast-acting insulin which begins to work within 15 minutes after the initial injection. It peaks after about an hour and continues to work for anywhere from 2 to 4 hours. Humalog is used to improve blood sugar in children and adults with diabetes mellitus, adults with…
Read More
metformin

Will Metformin Affect Your Life Insurance Premiums?

Many of our clients often wonder, “Will metformin affect your life insurance rates?” The answer, without much detail is, yes. Definitely. However, it’s not always negative. It’s one factor of many, and it could even help you obtain a competitive policy. Can Taking Metformin Affect Your Life Insurance Approval Chances? Metformin hydrochloride is a prescription medication that,…
Read More
welchol

How Welchol Might Affect Your Life Insurance Rates

People with diabetes are often prone to medical complications that relate only indirectly to their underlying condition. This can create a situation in which they have to take medication to treat other conditions in addition to their diabetes. One such drug is Welchol, which is used to help lower cholesterol and at times is prescribed…
Read More
prandin

How Prandin Could Affect Your Life Insurance Rates

With a disease as complex as diabetes, there are a wide variety of medications that patients may take to help control the disease. It’s common for diabetes patients to take multiple medications, each with a distinct purpose. One medication that may be used to help treat diabetes is Prandin. Prandin Defined Prandin is an oral…
Read More
avandia

How Avandia Can Affect Your Life Insurance Rates

Diabetes is one of the most complex medical conditions. As a result, there is an almost endless number of drugs physicians may prescribe to treat or manage the condition. One such drug is Avandia, which has a complicated history in the medical community and has become one of the most controversial medications related to the…
Read More
adlyxin

How Adlyxin Will Affect Your Life Insurance Rates

New medications are constantly being developed, tested, and approved for use, especially regarding diseases that are as complex and widespread as diabetes. One of the newest medications to be approved for diabetes patients is Adlyxin, which is a drug that’s injected directly into the body and designed for patients with type 2 diabetes. Adlyxin Defined…
Read More