If you’re over 50 and living with diabetes, you may have been told that life insurance is either too expensive or completely out of reach. That’s simply not true. Millions of diabetics over 50 qualify for affordable term life insurance every year — and knowing how the system works puts you in the driver’s seat.

This guide breaks down everything you need to know: how insurers evaluate diabetic applicants, which companies offer the best rates, and the exact steps to get covered without overpaying.

Can You Get Term Life Insurance If You Have Diabetes?

Yes — and more easily than you might think. Diabetes is one of the most common conditions insurers evaluate. Key factors determining your eligibility:

• Type of diabetes (Type 1 vs. Type 2)
• How well-controlled your blood sugar is (your A1C level)
• Whether you have related complications
• Your age at diagnosis
• Medications you currently take

How Insurers Rate Diabetic Applicants Over 50

Standard Plus (Best case for well-managed Type 2)

A1C under 7.0, no complications, healthy BMI — you may qualify for preferred standard rates.

Standard rate class

Most well-controlled diabetics over 50 land here. Often $50–$120/month for a $250,000 20-year policy.

Table-rated (substandard)

A1C above 8.0 or complications like neuropathy may result in higher premiums — but coverage is still available.

Guaranteed issue or simplified issue

Skips medical underwriting entirely. Higher premiums, death benefits capped at $25,000, but guaranteed coverage.

Best Term Life Insurance Companies for Diabetics Over 50

Mutual of Omaha

Flexible underwriting on Type 2 diabetes. Individual case review. Approves applicants with A1C up to 8.5 when other factors are favorable.

Prudential

Uses a “diabetes credit” system that improves your risk classification for long-term, stable management.

Banner Life

Competitive pricing for standard and table-rated applicants. Strong for 20–30 year terms.

John Hancock (Vitality program)

Rewards healthy behaviors with premium discounts. Ideal for diabetics who monitor health regularly.

Transamerica

Simplified underwriting for seniors. Fewer medical questions than traditional term policies.

What Does Term Life Insurance for Diabetics Over 50 Actually Cost?

Estimated monthly premiums for a $250,000 / 20-year term policy, well-managed Type 2, non-smoker:

• Age 51, male: ~$85–$130/month
• Age 55, female: ~$75–$115/month
• Age 60, male: ~$150–$230/month
• Age 65, female: ~$145–$210/month

5 Tips to Get the Lowest Rate as a Diabetic Over 50

1. Lower your A1C before applying. Even a small drop can move you to a better rate class.
2. Work with an independent broker. They shop dozens of carriers and know who’s most favorable to diabetics.
3. Be thorough and honest on your application. Full disclosure protects your policy.
4. Choose the right term length. Match the term to your actual coverage need.
5. Ask about no-medical-exam options. Accelerated underwriting can approve you in 24–72 hours.

Does Type 1 vs. Type 2 Diabetes Make a Difference for Coverage?

Yes — significantly. Type 2 is more common and easier to underwrite. Type 1 applicants face more scrutiny but are not automatically denied. Work with a high-risk life insurance specialist for the best outcome.

Frequently Asked Questions

Next Steps: How to Get Covered Today

1. Gather your most recent A1C results, medication list, and specialist notes.
2. Connect with an independent broker who works with high-risk applicants.
3. Request quotes from at least 3–5 carriers.
4. Apply — and don’t assume you’ll be denied before you try.