HANCOCK FINANCIAL SOLUTIONS
Diabetes and Life Insurance
Diabetes and Life Insurance
Type 1 Diabetes
total lack of insulin
Type 1 diabetes occurs when the immune system mistakenly attacks and kills the beta cells of the pancreas. No, or very little, insulin is released into the body. As a result, sugar builds up in the blood instead of being used as energy. About five to 10 per cent of people with diabetes have type 1 diabetes. Type 1 diabetes generally develops in childhood or adolescence, but can develop in adulthood.
Type 2 Diabetes
the body's inability to use insulin effectively
Type 2 diabetes occurs when the body can’t properly use the insulin that is released (called insulin insensitivity) or does not make enough insulin. As a result, sugar builds up in the blood instead of being used as energy. About 90 per cent of people with diabetes have type 2 diabetes. Type 2 diabetes more often develops in adults, but children can be affected.
The statistics issued by Diabetes Canada say it all:
- 11 million Canadians are living with diabetes or prediabetes
- Every 3 minutes, another Canadian is diagnosed with diabetes
- 1.5 million people are living with the disease and don't even know it
With numbers like these, chances are that diabetes affects you or someone you know.
Certain factors can predict whether you are more at risk:
- Being overweight
- Having cholesterol and/or triglyceride levels that are out of the norm
- Obesity
- Diabetes runs in your family
- Having high blood pressure
If any of these factors describe you, a blood test can tell you where you stand.
Can a Type 1 or type 2 diabetic get Life Insurance?
If you are living with Type 1 or Type 2 diabetes and you feel as though there are no options available to you when it comes to having life insurance coverage, think again! At Hancock Financial Solutions we have exclusive access to plans that offer a No Medical Life Insurance that may be a great possibility for you.
Contact us today to find out which coverage plan would be the right fit for you.