Best Life Insurance Companies for Diabetics

Get a Quote

Through John Hancock's Aspire Vitality program, diabetics can get reduced life insurance rates and diabetes wellness tools that aren’t offered through other insurance providers, making it our choice for best overall life insurance for diabetics.

John Hancock's Aspire, our overall best, has created its Vitality program to provide Type 1 and Type 2 diabetics with life insurance and tools to help them manage their disease better in order to save them up to 25% on their life insurance premiums. Established in 1862, John Hancock holds an AM Best rating of A+.

Vitality by John Hancock is a special rider people can purchase for a cost of $2 per month with any permanent or term life insurance. Clients have the option of choosing between 10, 15, or 20 years of coverage.

This diabetes-specific policy is designed to combine the protection of John Hancock’s life insurance with a partnership with Onduo, which rewards the insured for healthy choices like exercise, diet, and smoking cessation.

Besides getting 25% discounts for healthy choices, some other benefits that come with Aspire are the opportunity to earn an Apple Watch or receive a complimentary Fitbit device, savings on fresh fruits and vegetables and other healthy food purchases, resources to set and reach personal health goals, discounts at Amazon.com, Hotels.com, REI, and other popular retailers, and recipes and workout tips delivered to your inbox.

In addition to this, people with Type 2 diabetes may be eligible to participate in Onduo’s virtual diabetes clinic that provides consulting services, health coaching, and free testing devices and supplies. Onduo awards each of its members with points for the healthy choices they make each day. John Hancock will pay for the Onduo membership for the first year for every member; in year two and after, John Hancock will pay for it for a permanent life insurance policy of $250,000 or more in coverage and term policies of $2 million or more in coverage for members that earn at least 900 Onduo points. If the member doesn’t earn at least 900 engagement points per year, they can pay the membership themselves, which typically ranges from $250 to $750.

Those who have a permanent life insurance policy of less than $250,000 in coverage or a term policy of less than $2 million in coverage will have to pay for the Onduo membership themselves. 

John Hancock doesn’t currently offer online quotes, so you need to reach out to them by phone or email to get a quote. In addition to this, the Aspire insurance program by John Hancock is currently not available in New York, Idaho, and Puerto Rico.  

If you’re a 50-year-old female with diabetes seeking a 20-year term at $250,000, your monthly premium will range from $55 to $75 per month, depending on your A1c levels, how old you were when you were diagnosed, if you are obese or smoke, and if you have any other conditions such as heart disease.

Read our full John Hancock Life Insurance review.

Get a Quote

Prudential has found its place as our top pick for diabetics who have a complicated medical history due to its flexibility with hard-to-insure customers, including former smokers who are typically excluded from diabetic life insurance policies.

While many insurance companies see diabetes as a life insurance disqualifier, Prudential takes the time to understand your complicated medical history in order to create a policy that will cover you, making them our best choice for diabetics with other chronic conditions.

Prudential’s popularity is not only because of its flexibility but also because of its history and reputation as a trusted insurance company in the U.S. It was founded in 1875 and currently has high ratings from three top agencies, including an A+ rating from AM Best. 

If you want to get no-exam term life insurance for diabetics, the maximum coverage you would be able to get is $500,000. In addition to this, you would have to fill out a diabetes questionnaire so their underwriters can get a more accurate assessment of your current health state. Keep in mind that lying on this questionnaire may result in your coverage being canceled. 

While you can initiate an online quote, you would still have to contact the company and get in touch with an agent that will complete the quote and give you the exact cost of your policy. 

Prudential offers policies nationwide, with 20-year term life policies for 40-year-old females costing between $60 and $85 per month for $250,000 of coverage.

Read our full Prudential Life Insurance review.

Get a Quote

AIG has a whole range of flexible term periods, making it our top choice for those looking for term policies.

The ability to customize each policy makes AIG one of the top choices for those who want to choose what their policy will look like. Insurers can customize their term policies regardless of their age, allowing everyone to find and create a diabetic insurance policy that fits their needs and budget easily. 

AIG is available nationwide and provides property and casualty insurance, life insurance, retirement solutions, and other financial services. 

With an AM Best rating of A, AIG doesn’t have life insurance specially designed for diabetics. However, with 18 different term durations for life insurance policies, customers pick what they need, when they need it. If the length of time you need the insurance for changes, you may be able to convert it into permanent insurance. AIG’s flexibility makes it ideal for people with chronic conditions like diabetes.

While they don’t have online quotes on their website, you can contact them through phone, email, or go to their office to get an estimate. The minimum face amount from AIG is $50,000. Some of the most common variables affecting the cost of the policy are your age, how many chronic conditions you have, and whether you consume tobacco and alcohol. 

While its rating is lower when it comes to customer satisfaction, they provide financial stability and multiple choices for customers, which is why it has found its way on our list.

Read our full AIG Life Insurance review.

Get a Quote

With a reputation for competitive rates regardless of the age of the policyholder, Pacific Life provides higher coverage options for people with complicated health conditions like diabetes.

While life insurance gets more expensive as you get older, Pacific Life is the most affordable life insurance for diabetics because their premiums are lower at every age, even for the over-60 crowd. This places Pacific Life on our list as best affordable option.

Founded in 1868, Pacific Life has been providing affordable life insurance options for over 150 years and currently has over 3 million users. They have an A+ rating from major credit rating firm AM Best.

Pacific Life offers life insurance for people ages 18 to 80 for 10-, 15-, 20-, 25-, or 30-year terms, with a minimum coverage of $50,000 and maximum coverage of $1 million. A 20-year term with $500,000 coverage for a 50-year-old male would cost $150 to $200 monthly for most insurance carriers, but with Pacific Life, your rate could be in the range of $135 to $180. Factors that affect your premium would be your age when you were diagnosed, your A1c levels, whether you have other chronic conditions, and if you smoke or drink alcohol regularly.  

Another major benefit of working with Pacific Life is the ability to choose the way you want to pay your premium: annually, bi-annually, quarterly, or monthly. If you have the ability to pay your policy premium in one lump sum annually, they would be a great option for you because you could save even further.

Pacific Life Insurance Company issues insurance products in all states except New York, where they are issued by Pacific Life & Annuity Company.

There are no online quote options, so you would have to reach out to them to get in touch with an agent and get a unique quote. If you are really price-conscious, we recommend you ask about their Promise Term product because it has a low starting amount, with several term length and rider options. There is no option to skip the medical exam when you apply for any of their life insurance policies.

Get a Quote

Brighthouse Financial life insurance is the best option for those that want to qualify easily for a term life policy. They won’t require you to take a medical exam or provide lab results and they provide an expedited response, usually within 24 hours.

Those who want to skip the medical exam and get approved easily will have the best chance of finding coverage through Brighthouse Financial’s life insurance. 

Founded in 1863, Brighthouse Financial has had over 2 million customers throughout its history. With an AM Best rating of A, they are also part of the Fortune 500 list, proving their stability and financial strength. 

Through their SimplySelect policy, people ages 25 to 49.5 can get a no-exam term life insurance policy, which means diabetics will also get the benefit of not going through a medical exam—and likely receiving better rates than they’d find elsewhere. However, it’s available only through Policygenius, so it would have to be purchased through this third party. The minimum coverage of SimplySelect policies is $100,000, while the maximum coverage is $2 million. Policyholders also have the option to choose the schedule by which they will pay their premiums: annually, semi-annually, quarterly, or monthly. 

A male diabetic in his 40s with $500,000 of coverage would pay between $55 and $75 monthly.

Brighthouse Financial offers different types of products throughout the United States. However, they reserve the right to determine the eligibility for someone to receive life insurance (or other services) depending on their location.

Read our full Brighthouse Life Insurance review.

Get a Quote

Protective offers the perfect balance of cost, customer ratings, term life policy options, and company reliability, making it our top pick for Type 2 diabetics looking for favorable coverage at an affordable cost.

Protective insurance has a no-exclusions policy, so no matter how difficult your Type 2 diabetes management has been, you’ll be approved for coverage. In general, its rates are competitive with our other winners, and they stand out from the crowd with their rate reconsideration policy after the first year of the policy. If you happen to get your Type 2 diabetes under better control, lower your A1cs, exercise, quit smoking, and improve your diet, you will be a great candidate for a lower rate, making Protective our best for Type 2 diabetics.

Founded in 1907, Protective is part of a family of companies based in Alabama. They provide life insurance, asset protection, and retirement products to their clients with the goal of leading people to the right financial solutions. They have an AM Best rating of A+. 

They offer a variety of life insurance options, including term life insurance, whole life insurance, and universal life insurance. Some of the factors that affect the cost of your policy are your health, health history, family health history, driving record, financials, and other personal characteristics. Diabetics will also be asked about their insulin dependency, blood sugar level and control, how long since you’ve been diagnosed, smoking, as well as the type of life insurance you want. 

For instance, the cost to get a 10-year term life insurance for a 30-year-old male in top health with a coverage of $100,000 starts at $7.30 per month and goes higher depending on your personal characteristics and preferences. For someone managing their Type 2 diabetes in the same age group, expect to pay a monthly premium in the range of $14 to $18.

Even though they do have an online quote capability, the approval process can take up to 30 days, which is quite slower than with some other insurance companies. 

They are licensed to provide life insurance in all 50 states, the District of Columbia, Puerto Rico, and all Canadian provinces.

Read our full Protective Life Insurance review.

Get a Quote

Our top choice for Type 1 diabetics, Mutual of Omaha, provides life insurance for people with Type 1 diabetes with coverage up to $300,000 for people ages 18 to 50, and up to $250,000 for diabetics ages 51 to 65. This is higher coverage than many companies will insure an insulin-dependent Type 1 diabetic.

Type 1 diabetics often struggle to find a company that will approve their life insurance policy and will offer a good quote for them at the same time. Mutual of Omaha accepts applicants with several health conditions, and their special underwriting strength is with Type 1 diabetics. They offer Type 1 diabetics higher coverage (up to $300,000) than their competitors, making them the best choice for people managing this condition.

Mutual of Omaha was founded in 1909 and has since expanded its insurance services to a wide array of policies and products. It currently upholds an AM Best rating of A+. 

The typical cost of a 15-year term policy for a 40-year-old male with a $250,000 death benefit ranges from $30 per month and goes up depending on family history, other chronic conditions, insulin dependency, age, and weight. 

Mutual of Omaha is licensed to provide life insurance in all 50 states, and you can get a quote online for all of their policy options.

Read our full Mutual of Omaha Life Insurance review.