You have type-2 diabetes (with or without insulin). Underwritten products will ask about HbA1c levels, complications, and medication; guaranteed-acceptance products skip the questions but apply waiting periods. The trade-off is upfront approval vs immediate cover.
Who this scenario fits
- Type-2 diabetes (well-controlled or otherwise)
- Want cover without lengthy medical underwriting
- Comfortable with a 12–24 month waiting period for natural-cause cover
What to look for
- Guaranteed-acceptance products — no diabetes questions
- Underwritten products that don't exclude diabetes-related complications (rare; most do)
- Accelerated Funeral Benefit triggered by terminal-diagnosis (helpful with diabetes complications)
- Cover amount sized to the funeral cost, not the insurer maximum
Watch out for
- Most underwritten products will load premiums or exclude cardiovascular / renal complications of diabetes
- Waiting-period death from a diabetes complication on a guaranteed-acceptance product = premium refund only, not the sum insured
- Insulin-dependent (type 1 or insulin-dependent type 2) underwriting is materially stricter — guaranteed-acceptance is usually the practical path
Products to consider
Editorial selection based on product structure (not subjective ranking). Quote with each insurer for premiums applicable to your age and cover amount.
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Editorial only — not personalised financial advice. Operated by Evolve Group Limited (FSP711891), a Financial Advice Provider licensed by the FMA.