Are life insurance premiums affected by Insulin Controlled Diabetes?

According to Diabetes UK, approximately 4.5 million people in the UK are diabetic. This includes 1 million people who have not yet been diagnosed.*

If, once you’ve read this case study, you’d like to talk through your situation, please call 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.


Case study

We were approached by Mr E, a 67 year old non-smoker. He required life insurance to provide financial security for his wife should he pass away.  We discussed his outgoings and income and agreed that a level term policy with a sum assured of £35,000 over a 15 year term would meet his expectations.

Mr E had been diagnosed with Type 2 diabetes when he was 48 years of age and has been prescribed Metformin and preventative medication to control blood pressure and cholesterol. In more recent years, he has also been prescribed insulin to help keep the diabetes under control.

Until recently, nearly every Insurance Provider would have asked for medical records from the applicant’s GP once diabetes had been disclosed.  As diabetes is more wide spread and the long term effects better understood these days, the insurance underwriting is evolving.  A number of insurance companies will now offer immediate cover once an application has been submitted, providing the applicant can provide the latest HbA1c reading.

At least two insurance providers offer an insurance policy specific to diabetes.  The premium for these policies can actually reduce if the the policyholder’s control of the condition improves during the term of the policy.

We explained to Mr E that a level term policy with a sum assured of £35,000 over  a 15 year term is quoted around £35.00 a month.  All of the insurance providers advised that they would increase the premium by between 75% and 100% due to his medical history.  This would mean an actual premium of between £61.25 and £70.00 a month.

Mr E assured us that his condition was very well controlled. He had recently visited his GP for an annual check up provided us with his latest HbA1c reading.

The Outcome

We recommended that he apply to an Insurance Provider who have previously given very sympathetic underwriting decisions. On submission of the application, they were are able to  provide immediate cover with a rating of 50% which meant a monthly premium of £52.19.  Mr E was more that pleased to obtain a policy for a much lower premium than expected.

Please note that any premiums mentioned are indicative only and based on this specific case study/ example, which is shown for information purposes only. Your own circumstances will determine whether the amount payable is more or less than the figure quoted.

How to contact us:

Whilst you are welcome to get a quote on-line but we would recommend you talk to one of our advisers.

Your adviser will take into account your medical history. Any quote which they provide to you will take into account to your situation, your medical history, as well as your budget!

An on-line quote is just that – a quote – it isn’t a definite offer of cover. What really matters is the premium you are offered, after your application has been assessed.

Call Freephone 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

Please feel free to read our Independent client reviews, or read about the team at Future Proof.


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*Using QOF figures with estimates from the Diabetes Prevalence Model 2016 (Public Health England) and 2012 APHO Diabetes Prevalence Model.

Do you suffer with a medical condition and are concerned you can’t secure Life or Critical Insurance?  

Please view our ‘Medical Guides’ for further information.

Whilst we will make every endeavour to help someone to arrange insurance, there is no guarantee of success.  All applications are subject to underwriting.

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