Best Life Insurance Companies for Diabetics

How to choose the right life insurance company if you have diabetes

We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation. Learn more.

As a diabetic, life insurance can be nearly as complicated as the condition itself. If you are one of the 34.1 million people with diabetes in the United States, finding life insurance can be challenging. Still, it shouldn’t be a barrier to obtaining a suitable policy.

Having life insurance as a diabetic is essential to ensure your family’s financial future is protected should anything happen to you. We looked at 12 options and explored factors like price, coverage limits, benefits, and ease of application to make our top choices. Continue reading to find out which companies made our list of the best life insurance for diabetics.

Best Life Insurance Companies for Diabetics

Best Life Insurance Companies for Diabetics
Best Life Insurance Companies for Diabetics

Best Overall : Prudential



Why we chose it: Prudential deserves our overall pick for life insurance for diabetics as its underwriting favors people with diabetes, and it has a range of both term and universal life insurance plans nationwide.

What We Like
  • Excellent reputation

  • Financially stable

  • Superb customer service

  • No minimum age

  • Case-by-case underwriting

  • Covers Type 1 and Type 2 diabetes

  • Online quotation and claims system

  • Can opt for no exam

What We Don't Like
  • Must use an agent to purchase

  • Requires medical exam for higher coverage

  • Policies may be pricier than competitors

Many life insurance companies either disqualify people with diabetes or place them in a category that results in the highest premiums. However, Prudential approaches each case individually and tailors policies to suit specific health conditions. If someone’s diabetes is well controlled, they’ll likely qualify for standard rate policies. People can even opt for coverage with no medical exam if they are happy to settle for lower coverage. These reasons make Prudential an easy choice for the overall category.

Marketed as “The Rock,” Prudential is a well-established and trusted company providing nationwide coverage. It started life insurance in 1875 and is now the third-largest life insurance company in the United States with a financial stability rating of A+ from AM Best.

For a detailed quotation and to purchase, you will need to contact a local insurance agent. However, you can find an approximate cost for a life insurance policy online.

To buy a policy, you’ll need to be between the ages of 18 and 75. The rate you pay depends on your age when first diagnosed, whether you currently have any health complications, and how well your diabetes is controlled. Lifestyle choices, such as smoking, hobbies, and occupation, also can affect the price. Typically, premiums increase with earlier diagnoses, poor disease control, and complications.

Sample costs for a 30-year-old female on a 20-year term policy for $750,000 would be around $40 per month.

It’s possible to opt for no-exam term life insurance, where instead of a physical exam, you complete a health questionnaire. This option offers maximum coverage of $500,000. However, note that any inaccuracies in the questionnaire compared to your medical records can result in Prudential canceling the coverage.

Prudential has a range of optional riders to customize your life insurance policy. These include serious illness, disability, and estate planning riders. It also offers multiple plan types, including term life insurance, variable, and guaranteed universal life insurance.

Best for Budget : John Hancock’s Aspire with Vitality

John Hancock’s Aspire with Vitality

 John Hancock’s Aspire with Vitality

Why We Chose It: Our top budget pick is John Hancock’s Aspire because this specially designed program rewards healthy lifestyle choices with premium savings of up to 25%.

What We Like
  • Tailor-made for diabetics

  • Extensive range of health resources

  • Discounts awarded for healthy lifestyle choices

  • AM Best rating of A+

What We Don't Like
  • Unavailable in New York, Idaho, and Puerto Rico

  • No online quotation system

The John Hancock Insurance product for people with diabetes stood out as our budget pick because it rewards exercise and healthy lifestyle habits with considerable policy discounts.

People benefit from two combined programs. The first is the Vitality program that allows you to use a Fitbit or Apple Watch to track exercise and earn points. This translates to savings on premiums, and there are additional points for eating healthily and attending annual physicals.

Not only can you save up to 25% on the policies for making healthy choices, but there are also discounts of up to $120 a month on purchases of healthy foods, fresh fruit, and vegetables when you use your Healthy Savings card and shop at participating grocers. The Vitality Plus program is either included in the policy price or available from $2 per month.

For the second program, John Hancock partnered with Onduo, a virtual Type 2 diabetes management app. You’ll receive a blood glucose meter and accessories that connect to the Onduo service to monitor your diabetes. Again, you earn points for good habits. There’s also coaching, education, clinical support, and rewards for engaging in the diabetes wellness program.

John Hancock offers permanent and term life insurance policies. One drawback is that you can’t obtain an online quote for a John Hancock policy. However, you can reach it by phone or email. For term insurance, monthly premiums begin at $50 per month for a 20-year-term at $250,000. A medical exam may be required, and you must be between 18 and 80 years old.

You can customize your life insurance policy with a disability benefit, accelerated death, or long-term care rider.

Best for Ease of Application : Mutual of Omaha

Mutual of Omaha

Mutual of Omaha

Why We Chose It: We chose Mutual of Omaha as our ease of qualifications pick because you can quote online, and unlike many of its competitors, it provides coverage to individuals with Type 1 diabetes without a medical exam.

What We Like
  • Outstanding record for customer service

  • Covers both Type 1 and Type 2 diabetics

  • Online quotations

  • Coverage in all 50 states

What We Don't Like
  • Premiums increase with age

  • Limited customization options

Mutual of Omaha provides an online quotation system, and you can make changes to your account online. It also insures people with Type 1 diabetes with coverage up to $300,000 with a streamlined underwriting process that does not require a medical exam.

Since 1909, Mutual of Omaha has built a solid reputation and portfolio of insurance products, including permanent and term life insurance, Medicare solutions disability income, and critical illness insurance. JD Power ranks it in the top five for customer satisfaction, and it has an AM Best rating of A+. 

People with Type 1 diabetes aged 18 to 50 can apply for a 20-year term policy with coverage up to $300,000. If you’re in the 51 to 65 age group, the maximum cover reduces to $250,000. 

Provided you are 45 to 85 years old, the policies are guaranteed-issue, although the age group narrows to 50 to 75 for those living in New York. You don’t need a medical exam, but you may qualify for increased death benefits if you opt for one.

Policy cost depends on age, weight, control of diabetes, underlying health conditions, and family history. An individual in their 40s can expect to pay around $70 per month for a 20-year policy with a $250,000 death benefit.

Some key riders are limited with Mutual of Omaha. However, it offers disability waivers, unemployment waivers, and accelerated death benefit riders, allowing people to customize their policies.

Best for Type 1 : Assurity



Why We Chose It: We chose Assurity for our best for Type 1 pick as it is one of a handful of providers that do not have a minimum age for diagnosis.

What We Like
  • No minimum age of diagnosis

  • Coverage up to $500,000

  • Zero cost accelerated benefits rider

  • Option to convert term policy to whole life policy

What We Don't Like
  • Need an insurance agent to buy policies

  • No online claims

  • Not available in New York state

Assurity policies cover people diagnosed with Type 1 diabetes at any age. Frequently, providers will not extend the policy to those diagnosed before age 40 or sometimes 50, even though most Type 1 diabetics are diagnosed before this age. Because Assurity does so, it is our top pick for Type 1 diabetic life insurance. 

Assurity is a mutual insurance company with an AM Best rating of A- that began life insurance coverage in 1890. It now offers term, whole life, and universal life insurance policies to individuals across the country. Its portfolio also includes disability income, critical illness, and accidental death plans.

Online quotations are available, or you can contact a local insurance agent. You will need a medical exam before coverage, no matter which option you choose.

Provided you are between the ages of 18 and 85, you can apply for an Assurity policy. The cost depends on your overall health, smoking status, height, weight, age, and gender. For example, a 40-year-old male will pay around $80 a month for a 20-year term policy with $250,000 of benefit.

For people who need robust customization options, Assurity provides a range of riders; the benefits and provisions of these vary by state. For example, policies include an accelerated benefits rider, which is unavailable in California. Options include accident-only disability income, children’s term, critical illness, disability waiver, and endowment benefit riders.

Best for Type 2 : Protective



Why We Chose It: If you have good health with well-managed Type 2 diabetes, Protective provides discounted rates after the first year, making it an easy choice for our top pick for Type 2 diabetes.

What We Like
  • Savings for healthy lifestyles

  • Low-cost life insurance solution

  • Online quotations and policy management

  • Available in all 50 states

What We Don't Like
  • Slow application process

  • Below average customer satisfaction ratings

  • Cannot cancel a policy online

Protective Life offers a unique service that rewards healthy people with well-controlled Type 2 diabetes with lower life insurance costs. With this, plus a no exclusions policy and affordable premium prices, it stood out as our top choice for Type 2 diabetes life insurance. Protective Life provides policies for people until the age of 85.

Since its foundation in 1907, Protective has offered a portfolio of products to people across the United States. These include whole life, term, and universal life insurance, plus retirement products. You can rely on its financial stability as it has an AM Best rating of A+, but may be disappointed with the customer satisfaction score of 3/5 from JD Power.

If you are in good health, you can request an instant quotation online, although the approval process takes considerably longer, with some people reporting a two- or even three-month delay. 

Policy prices vary considerably depending on your health history, family health history, current health, smoking status, and how well your diabetes is managed. You will need a medical exam as part of the underwriting procedure. A 50-year-old man in good health could expect to pay around $80 per month for a 20-year term policy with a $250,000 benefit.

Protective Life offers discounted rates from the second year onwards to individuals with well-controlled diabetes and low A1C readings.

Policies are extremely customizable with a range of riders, including accidental death, accelerated death, waiver of premium, and disability income options.

Final Verdict

Life insurance for diabetics provides peace of mind that your family will have financial security if anything happens to you. Our roundup considers some of the best options available for people with diabetes. As a giant in the industry, Prudential was our overall pick because it tailors plans for people with diabetes and offers various policies across the country. This, coupled with unparalleled industry ratings and reputation, made it an easy choice.  

Our top budget pick, John Hancock’s Aspire, is an excellent option for those working with limited funds. People are rewarded with savings of up to 25% through its unique diabetes and healthy lifestyle program. Medical examinations may feel like an unnecessary barrier to life insurance. With Mutual of Omaha, our ease of qualifications choice, you can quote online, and there’s no compulsory physical exam. 

Assurity is our selection for Type 1 diabetes life insurance as there is no minimum age for diagnosis. Of interest to those with well-managed Type 2 diabetes, Protective is worth considering. It provides discounted rates after the first year if you successfully control the condition.

Compare Providers

Insurance provider Why We Picked It Monthly premium
Prudential Best Overall $30
John Hancock’s Aspire with Vitality Best for Budget $50
Mutual of Omaha Best for Ease of Qualifications $70
Assurity Best for Type 1 Diabetes $80
Protective  Best for Type 2 Diabetes $80


What Is Life Insurance for Diabetics?

A life insurance policy for diabetics is an agreement between the insurance company and the person with diabetes. In exchange for monthly premiums, the insurance company agrees to pay a specific sum of money to named beneficiaries, typically family members, when the insured person dies.

Many insurance providers shy away from diabetic people or charge them much higher premiums than standard. However, some companies take into consideration that diabetes can be well-managed. Accordingly, they offer affordable policies when someone controls their diabetes and makes healthy lifestyle choices.

Is It Easy to Qualify for Life Insurance as a Diabetic?

Insurance companies offering life insurance to people with diabetes use specific criteria to decide if they will cover someone and at what price. Some carriers do not require a medical examination and offer a set amount of coverage. If a physical exam is needed, it may be more comprehensive than a healthy individual’s medical exam.  

How easy it is to qualify depends on the insurance company and your health status, among other factors such as age, smoking status, gender, and others. A provider may have an upper age limit, typically 65 for diabetics, or may refuse to insure you if diagnosed before a particular age. 

Some companies offer almost standard prices and ease of qualification to people who control their diabetes well and have no other health issues; others will disqualify you based on your diabetic status. 

What Kind of Coverage Is Available?

Most companies offer term or whole-life, also called permanent life insurance. Term policies last a specific number of years, such as a 10-year or 25-year period. If the policyholder doesn’t die during the policy term, it expires, and there is no money paid out.

Permanent policies tend to cost more as they last until someone dies. It may be possible to withdraw or borrow against the value of your policy while you’re alive.

How Much Does Life Insurance for Diabetics Cost?

Because the cost of life insurance for diabetics relies on many factors, it’s difficult to provide a typical price. Insurance providers usually consider the following when deciding on the cost of a premium:

  • Gender
  • Age
  • Smoking history
  • Overall health
  • Type of diabetes
  • Age at diagnosis
  • Insulin dependency
  • Blood sugar levels
  • How well your diabetes is controlled
  • Policy type
  • Benefit amount
  • Location
  • Provider

In our research, we found premiums ranging in price between $30 and $80 each month. 


We evaluated 12 insurance companies offering life insurance policies to diabetics based on monthly premium costs, benefit amount, and customization options. In addition, we reviewed the company’s reputation and portfolio of offerings. 

We also considered how straightforward it is to obtain a quote and whether a physical medical exam is a requirement. Because customer service and financial stability are essential, we also reviewed JD Power and AM Best data before deciding on the top picks for life insurance for diabetics.

Cheerful father carrying his daughter on shoulders on beach

Ippei Naoi / Getty Images

Article Sources
Verywell Health uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy.
  1. CDC. National Diabetes Statistics Report. Updated 2020.

  2. AM Best. AM Best affirms credit ratings of Prudential Financial, Inc. and its subsidiaries. Updated December 2, 2020.

  3. AM Best. AM Best affirms credit ratings of Mutual of Omaha Insurance Company and Its Subsidiaries. Updated January 24, 2020.

  4. JD Power. 2020 US commercial member health plan study.

  5. CDC. Type 1 Diabetes. Updated January 20, 2021.

  6. AM Best. Assurity Life Insurance Company. Updated January 24, 2019.

  7. AM Best. AM Best Affirms Credit Ratings of Protective Life Corporation and Its Key Life Subsidiaries. Updated April 24, 2020