Tips on Travel, Health and Life Insurance and Diabetes

Having diabetes may mean you will experience greater difficulty obtaining some forms of insurance or will face higher premiums, or both. However, there are things you can do to improve your opportunities for obtaining the insurance you need at a price you can afford.

Stay in good control

Having your diabetes in good control - keeping your blood glucose levels in your target range and keeping your blood pressure and cholesterol levels in check -may help you to demonstrate that your condition, while pre-existing, is stable and well managed. Healthy eating, active living and managing your diabetes ABCs (A1C or your 3-month average blood glucose levels, blood pressure and cholesterol levels) will help keep your diabetes in good control and prevent or delay the health complications associated with the condition. By keeping your diabetes in good control, you can avoid additional medical complications that might make you ineligible for an insurer's stability clause.

Ask about pre-existing conditions

 Most insurance companies have clauses regarding pre-existing conditions (such as diabetes). Travel insurance policies will cover most pre-existing conditions, with some coverage limitations and stability requirements. If you have had changes in your medical conditions, ask about 'medical underwriting,' which involves a medical form to be completed by your physician. The insurance company will determine the level of benefits and price based on the medical information provided.

 Be honest

Answer all questions about your medical condition honestly. If you withhold information about an illness or medication, any subsequent claims may be denied.

 Understand the policy

Read the policy wording carefully. Make sure you understand the limitations and exclusions of your coverage.

 Ask questions

If you do not understand the policy wording, or are unsure about specifics of your coverage, call your insurance agent. Don't be afraid to ask for clarification about policy details. If you do not understand some or all of your policy, call and ask for an explanation. Try to get your answers in writing.