This is breaking news and really only applies to a very limited scope of diabetics. One of the premiere life insurance companies just confirmed they are taking a select group of diabetics at the best rate class available.
From email:
If your client is medically assessed as a true Standard rate(+25 or less), without credits being applied, then they are eligible to receive what ever Preferred rate class they would otherwise qualify for. With diabetics this will only happen at the older age, well controlled, adult onset diabetics. I am attaching an example of how we promote this.
“60+ yr old Type 2 Diabetic, duration 5 years or less. Excellent control on oral treatment. Balance of medical history favorable and no associated complications. All other factors fit Best Class. Case approved Best Class.”
The stipulation is that the client is age 60 when diagnosed and is on oral meds only. Has only had diabetes for 5 years and his a1c is 7.0 or better with no diabetic complications and otherwise would receive a preferred rate class.
Under these circumstances a 60 year old could get $250,000 worth of 10 year term for <$70 per month. The requirements for which diabetics they accept are strict but this is awesome news for diabetics. There is another carrier doing their homework on diabetes and getting real.