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Can you get life insurance if you have diabetes?

The simple answer is yes, you can get life insurance with Type 2 diabetes

Provided you are taking care of yourself, following your GP's advice and your HbA1c reading is less than 9.

The higher your HbA1C reading, the more difficult it will be to get affordable cover.

While Life Insurance doesn’t apply quite so literally, it’s still important as it protects your loved ones if you die during the term of your policy.

Human life can’t be repaired (well not yet anyway…give it a few years!) – if you die, you stay dead, but it’s vital for protecting your family.

Look, you know it’s important, and you’re pretty sure you need it, but you have questions. How about we start with the big one: “How does Life Insurance work?”

Despite how it sounds, Section 72 isn’t actually the name of a military base deep in America where aliens are being investigated. I mean it could be. CIA, don’t come for me.

Let’s try that again. In the context of Life Insurance: Section 72 ISN'T the name of a secret military base where aliens are being investigated.

Instead, Section 72 is a type of Life Insurance you can take out in Ireland to pay off Capital Acquisition Tax. Also known as CAT. Also known as ‘meow’.

Also known, more commonly, as inheritance tax.

Inheritance tax is the bogeyman of tax. It’s also fecking ridiculous. So let’s start by talking about that CAT.

This article was inspired by an email from a woman called Annie, who wrote in:

"Hi. My Life Insurance has been postponed, and I need it for a mortgage and am wondering if there is Life Insurance out there that I can get?"

Obviously, for Annie, this is not good. Annie's done the hard part and saved the deposit and went and found a house to buy. However, to buy a home in Ireland, you have to get Mortgage Protection, which pays off your mortgage to the bank if you die.

You're almost there.

The bank has eventually given you mortgage approval.

You've found your dream home.

The vendor has accepted your offer.

Now all you need to do is meet with your bank and buy their mortgage protection, right?

These are unsettling and challenging times, with widespread financial impacts on people who may have lost their jobs or experienced a significant reduction in income.

I’m proud to say that, unlike some other parts of the insurance industry, the life insurance providers want to work with you if you are in this situation to find a suitable solution.

In this article, I look at the solutions on offer from each provider.

Is life insurance a big scam?

Do the insurers ever pay out?

These claim stats may surprise you.

There's a very clever way of buying more life insurance cover yet paying less.

And it's so easy to do.

That's what I look at in today's blog.

In today’s blog, I’m going to walk you through why choosing the right insurer is so important and give you some fire tips on how to get the right insurance for you.

Because nothing inspires faith quite like an insurance broker and his fire tips. 

🔥🔥

Here’s the thing: if you have a family or dependents of any kind, you’d be a fecking eejit not to consider Life Insurance.

There, I said it.

A fecking eejit, no less. 

It’s simple: if you died, your income would disappear. Of course, your other half or kids would be devastated. But in cold, real terms, what happens after the dust has settled and they’re left struggling because you never got around to sorting insurance? 

Their financial security is the biggest motivation I can give you for getting Life Insurance, but let’s look at a couple more reasons too.