<p>Anyone have life insurance and also have diabetes and hypertension? What type of insurance would be recommended to keep the cost somewhat reasonable? Thanks.</p>
<p>I am all ears… petrified while waiting to get a quote from Blue Cross/Blue Shield. My doctor convinced me a few years ago that statins were the new wonder drug and I should take some, even tho my cholesterol was only borderline, not really high. Now I have to check that box and see what happens to my premiums.</p>
<p>I can’t believe this…I was just having this exact same conversation with a colleague at work today! In this case, its my 53 year old husband…He did get one quote, which I thought was astronomical and fairly unaffordable. Also, I’m confused with the whole life vs. term options. I’m sure there are a few insurance people in the CC crowd…can anybody enlighten us???</p>
<p>Suze Orman is not a fan of whole life policies as she explains why:</p>
<p>[Life</a> Insurance: Money Matters - Yahoo! Finance](<a href=“Yahoo Finance - Stock Market Live, Quotes, Business & Finance News”>Yahoo Finance - Stock Market Live, Quotes, Business & Finance News)</p>
<p>If you have diabetes and it is well-controlled you have a good chance of getting coverage in the table B-D range which is a 50-100% upcharge over a standard rate.</p>
<p>Cholesterol or HBP meds are not a problem. Any cardiac history is very problematic in getting coverage as diabetes is viewed to be a cardiovascular disease.</p>
<p>The biggest issue is being well-controlled- no protenuria, good glucose/fructose readings, good A1C, no sugar in the urine, no complications. Another factor is age at Dx. The younger your were diagnosed, the worse it is.</p>
<p>I actually work in this field and deal with this situation a great deal so feel free to PM me any private details, i would be happy to answer questions including my opinion as to the best companies.</p>
<p>On whole life versus term, they are both the same if they are in force at time of death. Whole life/lifetime/ universal life is one that will be outlived if the premiums are paid and if it was designed properly. Many who bought them in the 1980s are having issues now with policy projections not panning out due to much lower interest and given that no one did an annual check to see how the policy was performing along the way :(</p>
<p>If you 'buy term and invest the difference" and no longer need coverage at retirement, term is fine; if you have high flying estate planning needs or you want lifetime coverage a lifetime plan (many of which are now simply designed as a lifetime term hybrid) is better</p>
<p>HBP or cholesterol meds are not a problem for life insurance, you can even get the good preferred discounts if the issue is well -controlled</p>
<p>whoops! sorry, being preoccupied with my current situation I was referring to health insurance, not life insurance. (I now see you were talking about life ins) Term life insurance has gotten much cheaper over the past several years, probably due to gross mispricing by AIG.</p>
<p>Actually the life insurance company that AIG bought a few years ago is competitive in premiums and underwriting and has been both before and during the time they have been owned by AIG 
They will probably be sold off as a profit centre soon!</p>
<p>The same people have worked their for the nearly 20 years I have dealt with them, under at least 3 different logos & ownership names! So many companies bought up so many others in the late '90s and early '00s, it became very confusing to consumers.</p>
<h1>1, #3.</h1>
<p>Buy life insurance for its protection value. If you want a savings program, get a savings program from your credit union, bank. </p>
<p>Buy life insurance that matches your needs.</p>
<p>Life insurance is a risk product. There are unknowns in the future that neither the insurance company nor you can predict with certainty. (SWAPS, Adjustable Rate Mortgages, etc. ) Buy what you need, neither too little or too much. </p>
<p>Think about insurance for your college kid. Certain health issues are heritable and currently may not affect your child’s insurability, which may change.</p>
<p>When you shop, you may have to make an application. Do so,. Like anything else in the retail world, there is a not taken or refusal policy.</p>
<p>LongPrime is right, you get anywhere from 10-30 days to review the policy on a free look, so there really is no risk- unless you are likely not to qualify at all, there is a risk when you are declined that you may no longer qualify for some of the better “easy issue” plans!</p>
<p>And I agree with LP, it is very cheap to get a great policy for your college kid before some of them become either uninsurable or no longer preferred best</p>