There are many things that can be a hindrance for senior citizens and people with health problems like diabetes when it comes to purchasing whole life insurance. But, thank goodness. There is an existence of another kind of life insurance that is considered as life insurance for seniors and diabetics alike and this is called the term life insurance.

1. Life Insurance for Seniors and
Diabetics
Does anyone here know what seniors and diabetics or other
people who have some serious health problems have in
common? When talking about whole life insurance and
stuff like that, these kinds of people have one thing in
common. They have problems in trying to make the life
insurance provider’s head nod in approval and give them
the chance to have a peace of mind knowing that the future
of their respective families can be brighter and better even
though they are not around any longer to make sure that
that will happen. There are many things that can be a
hindrance for senior citizens and people with health
problems like diabetes when it comes to purchasing whole
life insurance. But, thank goodness. There is an existence
of another kind of life insurance that is considered as life
insurance for seniors and diabetics alike and this is called the term life insurance.
Another common denominator that can be evident in both people who are already in their over-
the-hill age and those who have diabetes in any form like the Type I and the Type II diabetes is
that these people are considered by life insurance companies and providers as high-risk
individuals. That is very true because once a person has applied for traditional whole life
insurance, they are automatically insured from the time they have signed the contract. If after
signing the whole life insurance contract, something happened to that person like he was hit by a
truck while crossing the street after getting out of the office of a life insurance provider, his
supposedly premiums that he was supposed to pay will be waived and his life insurance contract
will be considered paid in full.
Now, what if a senior citizen who is already seventy years old was granted with a whole life
insurance policy and he died because of old age three days after? What will the life insurance
company do? The same goes for those who have pre-existing medical conditions like diabetes,
cancer, and hypertension, to name a few? That’s the reason why some life insurance companies
won’t approve the application of people trying to invest on the traditional whole life insurance.
But, the scenario is entirely different when it comes to term life insurance for seniors and
diabetics.
In this kind of life insurance, nobody will be turned down. If in whole life insurance a person is
insured for a lifetime, he is insured for a given time in term life insurance. He can choose from
as low as a one-year term life insurance or he can choose a term life insurance for thirty years.
And, the best thing about term life insurance for seniors and diabetics or any other people who
have other kinds of health problems is that they won’t have to go through a lot of different

2. physical and/or medical examinations prior to the approval of their term life insurance
applications.