Life assurance for Type 1 diabetic

Morgans

Hi all,

Type 1 for four years. Looking for life assurance for mortgage protection. Have had it under pretty tight control. Im sure I read threads about it previously but I tried various search terms and cant locate it again. Can anyone here advise/recommend insurers who they feel they have been treated fairly? I know that ERM finanical is recommended by the diabetic federation. Is it best to leave it up to them alone, even though in thse cases, I try to do as much research as I can.

Any advise on the thread or by PM would be hugely welcomed, as I understand the loading on the base rate can be extensive and could be the difference between moving or not for me.

Thanks again

graflynn

We've been through this process - twice. I've had type 1 for 17 years. Just recently, we had a diabetes nurse specialist give advise on this and she said that with good control you shouldn't have any problems getting the policy but the premium will be loaded. The "load" varies from 30% to 100%. So just shop around as you would for anything else and go with the best offer - that's what we ended up doing.

The insurance companies just want to know if your HbA1c is good, but they all charge differently when it comes to their premiums for people with diabetes.

Good luck & congratulations on buying your house.

Morgans

graflynn wrote: »

We've been through this process - twice. I've had type 1 for 17 years. Just recently, we had a diabetes nurse specialist give advise on this and she said that with good control you shouldn't have any problems getting the policy but the premium will be loaded. The "load" varies from 30% to 100%. So just shop around as you would for anything else and go with the best offer - that's what we ended up doing.

The insurance companies just want to know if your HbA1c is good, but they all charge differently when it comes to their premiums for people with diabetes.

Good luck & congratulations on buying your house.

Thanks very much Graflynn. Yeah, I expected to have a loaded premium. That is reasonable. I wasnt expecting it to be upwards of 200% though, which wasnt a firm quote but a guideline of what to expect.

Would asking you to possibly PM me the name of the insurer you went with be too lazy on my part?

BC

I went with ERM (policy is actually with Caledonian). I phoned around myself and ERM got me the cheapest quote. Very reasonable and less than half the price of the next cheapest quote.

Morgans

Thanks BC. That is good to know.