Almost 50 Percent of People Living with Diabetes Are Worried They Won’t Qualify for Life Insurance, or Be Able to Afford It

By a News Reporter-Staff News Editor at Insurance Weekly News -- A new survey commissioned by John Hancock found that almost half (47 percent) of people living with diabetes are worried they won't qualify for a life insurance policy, and another 45 percent assume it's too expensive. On the contrary, more than 90 percent of all the people with diabetes who sought life insurance from John Hancock in the past 18 months qualified, with 88 percent of them receiving a standard or better rate.

"Our survey confirmed a pervasive belief among many people with diabetes that they either won't qualify for life insurance or that it isn't affordable," said Brooks Tingle, senior vice president and interim head of John Hancock Insurance. "John Hancock is committed to helping all Americans understand that life insurance is both attainable and an important way to protect their families' future. In fact, a new kind of life insurance allows people with diabetes to pay less for their annual premiums simply by making healthy choices like getting regular check-ups, eating well and staying active."

According to the survey, people with diabetes recognize the many benefits life insurance can provide-including providing for their family (81%), covering final expenses (68%), and providing peace of mind (50%). Yet almost 40 percent of people with diabetes who don't have a life insurance policy say they are unlikely to apply for one in the future.

Keywords for this news article include: John Hancock, Insurance Companies.

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