Helping Your Diabetic Clients with Strong Foundation by Foresters

March 18, 2022

Approximately 37 million people live with diabetes. Of those 37 million, 22 percent of them are younger than 50 years old. Whether they face Type 1 or Type 2 diabetes, they are facing a costly expense that affects everything from their medication to the life insurance they can buy.

With that in mind, it’s important to remember that having a pre-existing condition should not prevent your clients from finding a life insurance policy that will give them peace of mind. That’s where Strong Foundation , a term life insurance policy by Foresters, comes in. This affordable term life policy is designed to protect your clients living with Type 1 or 2 diabetes.

Here we’ll discuss how Symmetry Financial Group is offering this term life policy so that agents can help clients who might otherwise think that getting affordable life insurance is beyond their reach. The cost of living with diabetes is high enough; With Strong Foundations your diabetic clients can secure an affordable policy to financially protect their loved ones for years to come .

Likelihood of diabetes

Diabetes is an extremely common condition that affects millions of Americans. The likelihood of developing diabetes only increases as your clients get older. To that end, addressing your client’s concerns about life insurance and diabetes is important at any age.

Approximately one in four young adults are living with prediabetes . These individuals have higher-than-normal blood sugar that, left unchecked, will develop into Type 2 diabetes. Since diabetes is normally accompanied by other health issues like obesity and heart disease, most individuals with diabetes already face costly medical expenses each month.

With the annual cost of medical expenses in the U.S. averaging at about $327 billion , your potential clients are looking for an affordable way to protect their families should something happen to them. Since there is often a list of accompanying health issues that accompany diabetes, your diabetic clients will be even more motivated to find a life insurance policy.

Life insurance for clients with diabetes

Individuals with Type 1 or 2 diabetes are likely under the impression that securing a life insurance policy would be too expensive. Insurance companies have been historically rigid about offering coverage to clients who have preexisting conditions like diabetes. This is especially true if your client is insulin dependent. To that end, individuals with Type 1 diabetes are considered at higher risk, as it is less manageable than Type 2.

Carriers will look to how well the condition is handled by your client and if they are experiencing any additional health issues like hypertension or kidney disease, which will result in a slightly higher premium for their policy. More so, insurance companies might discover side effects related to your client’s diabetes like neuropathy or history of a stroke that will cause them to get rejected for coverage.

As a result, the typical underwriting process can be a deterrent for diabetics seeking life insurance coverage. With Strong Foundations by Foresters, your higher-health-risk clients will now be able to get the coverage they need.

Strong Foundation Term Life Insurance

When it comes to securing coverage for your diabetic clients, you cannot do better than the Strong Foundation term life insurance through Foresters. This affordable life insurance policy is tailored to benefit clients with Type 1 or Type 2 diabetes. Your clients will experience a non-invasive application process that can offer them up to $400,000 in coverage. The coverage also comes with several policy riders that will appeal to anyone with preexisting conditions. Your clients will even have access to complimentary preparation services that will help them appoint someone as power of attorney and assist them in drafting a healthcare directive.

With this term life policy, you can offer your clients a life insurance product that they won’t find anywhere else.

Limited underwriting

The underwriting process for this policy is sure to appeal to your diabetic clients. There are no medical or para-medical exams nor any blood tests or fluid collections. Since this policy is designed for your diabetic clients, they need only share how manageable their condition is and move on from there.

This is a great benefit for your diabetic clients who are worried about being rejected after a thorough underwriting process. With Strong Foundation, your clients will experience a non-invasive application process that won’t serve to limit their coverage or raise their premiums.

Policy riders with Strong Foundation

The Strong Foundation policy also comes with a list of competitive riders that will benefit your diabetic clients. For instance, they can choose between a chronic, critical or terminal illness rider that will allow them to receive their death benefit if they meet an untimely diagnosis. These options are especially appealing to clients who have preexisting conditions like diabetes that might cause further health complications. Payouts with these riders can be made in one lump sum or through a series of payments as directed by your client.

A unique highlight of Strong Foundation coverage is the option of a Charity Benefit rider. This policy rider will allow your client to designate a charity of their choice as a primary or secondary beneficiary to their policy. As a result, your clients have the power to give back to what’s important to them through their insurance policy.

Help your diabetic clients find coverage with Symmetry

Preexisting conditions should never prevent your clients from getting the coverage they need to protect the ones they love. At Symmetry Financial Group, we provide our agents with products that can help them give their clients a unique life insurance experience.

By offering your clients a term life policy like Strong Foundation by Foresters, you can help them find affordable life insurance coverage that they might have previously assumed was out of their reach.

Symmetry Financial Group agents have access to high-quality life insurance, disability income insurance, critical illness insurance, and annuity products from more than 30 well-known insurance companies. This gives you the flexibility and reach you need to tailor plans to meet clients' individual coverage needs.

To learn more about how to begin a fulfilling career as a life insurance agent, contact us today .


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