Type 1 Diabetic Insulin Dependent

[Bob_The_Insurance_Guy]

I have a gent who is Type 1 Diabetic, Insulin Dependent, looking for LTC. Now, I know he doesn't qualify for a stand-alone LTC, but how about a blended product, or a Short-Term Care Recovery product, combined with a FE Plan?

Any thoughts?

 

[Mr_Ed]

I have a gent who is Type 1 Diabetic, Insulin Dependent, looking for LTC. Now, I know he doesn't qualify for a stand-alone LTC, but how about a blended product, or a Short-Term Care Recovery product, combined with a FE Plan?

Any thoughts?

if it's well-controlled and he was diagnosed after age 24 and he uses less than 70 units of insulin per day he could get a stand-alone LTC product.

But he probably needs life insurance so a life/ltc product hybrid would be pretty good.

 

[Bob_The_Insurance_Guy]

It was childhood onset.

Wondering if a blended product would take him. Going to call a few of my carriers now.

 

[Arthur Rudnick]

originally posted by Bob_The_Insurance_Guy

Childhood onset diabetes will probably be a problem with a LTCi policy.

And on hybrid policies, they underwrite for both LTC & Life.

If his diabetes is well controlled, his blood sugar levels and AIC are acceptable, his ht & wt are within normal limits, there are no complications, (and nothing else is going on medically) he could probably get a stand-alone life insurance policy, but the ratings could be high.

Find out as much information on his medical history as you can and run it by an underwriter and see what comes back.

 

[Bob_The_Insurance_Guy]

Thank you.

Will do. I am meeting with him on Saturday, and didn't want to give him a blanket "Yes" or "No" without checking first.

 

[Mr_Ed]

Thank you.

Will do. I am meeting with him on Saturday, and didn't want to give him a blanket "Yes" or "No" without checking first.

best bet is AssetCare with State Life.

They allow for an annual pay premium.

 

[yankee466]

I was pleasantly surprised to get two Type I insulin diabetics (under 50 units) approved in January by Mutual of Omaha. Turns out that, for a change, when the client said they were perfect otherwise, they really knew what they were talking about. As a rule they usually forget some complication that their doctor wrote down.

Else, I have not seen any short term plans that do not ask the insulin question. The Life hybrids will also also knock him out. If appropriate, an income annuity with a LTC doubler may be of some benefit....as there are generally no medical questions. However, not everyone is a fan of those products, and you have to live a long time to get your money's worth. State Life may also be worth a look see as the other posted indicated. Depends a lot on the financial situation of your client. FE is your only slam dunk here.

 

[Arthur Rudnick]

originally posted by yankee466

I was pleasantly surprised to get two Type I insulin diabetics (under 50 units) approved in January by Mutual of Omaha

Herman,
Keep in mind that this guy's diabetes is childhood-onset.
Could be a problem.

 

[Mr_Ed]

originally posted by yankee466



Herman,
Keep in mind that this guy's diabetes is childhood-onset.
Could be a problem.

moo doesn't care if it's child onset or not.
they are focused on the co-morbid conditions and the amount of insulin.

 

[yankee466]

originally posted by yankee466



Herman,
Keep in mind that this guy's diabetes is childhood-onset.
Could be a problem.

MOO doesn't really care.