Image via WikipediaFinancial IQ Philippines Quick Hit(s):
Diabetics can be insured. Insurance premiums may be higher to compensate for the higher risk due to ailment.
Can diabetics be insured? what other medical conditions are uninsurable?
Is it true that a person with a serious diabetes ailment can no longer get life insurance? My father has diabetes and I’m thinking of encouraging him and my mother to buy life insurance similar to my own case and that of my husband. Can you ask Insular Life what are other medical cases or problems make a person uninsurable? Can a sick person still be insured as long as he or she is willing to pay higher premium costs?
Monica B. Gutierrez, 29 years old, housewife, bank officer, Cebu
Answer
A person with diabetes may be insured if the blood sugar is well controlled, and there are no additional significant complicating risk factors from the resulting accelerated vascular disease of diabetes, such as heart disease, stroke or renal impairment. A diabetic, if insurable, will have to pay a higher premium commensurate to the additional risks. On the other hand, if a diabetic’s application for insurance is not acceptable for medically-underwritten types of insurance products, he may opt to apply for insurance products that cover applicants without need for screening or medical evaluation.
Multiple medical impairments, marked obesity, malignancies that are not in remission, autoimmune diseases that are active, and Alzheimer’s disease are some of the illnesses that are not acceptable for coverage. For children, those with pervasive developmental disorders, or congenital diseases that complicate other organ systems and have not been corrected or repaired, may not be acceptable.
No comments:
Post a Comment