2024 Simple Guide To Life Insurance For Gestational Diabetes
Written by Daniel Ray, Life Insurance Expert |
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Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
If you are in search of life insurance for Gestational Diabetes, you’ve come to the right place!
The last thing that anyone wants to worry about is their health. Unfortunately, many people have to deal with this concern on a daily basis. It’s even more difficult if you’re pregnant and have gestational diabetes. You want the best for your child, but how do you prepare? What if something happens during pregnancy or childbirth? This blog post will give you tips on life insurance and what it can do for you. The most important thing is that life insurance doesn’t need to be scary! Read on for more information.
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Does Gestational Diabetes Affect Life Insurance
When you apply for life insurance with a history of gestational diabetes you may be subjected to higher rates. In fact, life insurance carriers may only offer a rating of a standard rate if not resolved within 5 years.
Above all, life insurance with gestational diabetes, if controlled, you will still pay an affordable life insurance rate. Furthermore, life insurance companies will consider you a higher risk to develop type 2 diabetes which will affect the rate in the future.
Gestational Diabetes Life Insurance Underwriting
Overall, being diagnosed with gestational diabetes the carrier will take into consideration the risk factors associated with this pre-existing medical condition. So when you buy life insurance you will need to take a medical exam if gestational diabetes is present.
The way the underwriter will look at this case to determine if preferred rates are possible, the UW will focus on the history before the pregnancy. In fact, if gestational diabetes is present you will be a standard plus at best!
However, Preferred will be possible after 5 years if resolved. For instance, once the pregnancy is over and you welcome your little loved one then start to focus on diet and exercise to get a jump start.
Here are the rating classes for gestational diabetes.
| Underwriting | History | Rate CLass |
|---|---|---|
| Fully Underwritten | Present | Standard Plus |
| History, over 5 years resolved | Preferred Possible | |
| Non Medical | Not currently pregnant | Standard |
Gestational Diabetes and Life Insurance Premiums
Overall, life insurance underwriters will look at the risk factors when determining whether you will qualify for a standard rate or a preferred rate. When having a history of gestational diabetes and apply for life insurance a medical exam will be ordered. In addition, you may be asked to fill out a life insurance diabetes questionnaire.
To see which life insurance rates you qualify for the life insurance carrier may also ask about your family history of diabetes. Overall, this usually happens if the build is a problem or being over the age of 40.
Here is what life insurance companies will rate you on a 250,000 20yr term for a female age 40.
| Underwriting Class | Monthly Premium | Annual Premium |
|---|---|---|
| Present- Standard Plus | $22.97 | $267.13 |
| History, over 5 years | $19.09 | $212.13 |
| Non Med- Standard | $24.54 | $294.45 |
When you are applying for affordable life insurance with gestational diabetes as pregnant women this can have an impact on the life insurance coverage rate. Remember, consumers that have gestational diabetes are at a high risk to develop type 2 diabetes. So to avoid this health condition keep up on the diet and exercise.
Life Insurance in Third Trimester
Above all, to purchase life insurance in the third trimester you will have to wait to apply. In fact, the life insurance company will most likely postpone until after delivery. Overall, your life insurance coverage would be put on hold and as long as there are no complications then your term life insurance rates will be the same.
Even if they rate you standard, over the long term you may be able to get preferred.
Life Insurance After Gestational Diabetes
Remember, insurance underwriters will consider you a higher risk with a medical history of gestational diabetes. It is a health condition and a medical condition. However, if you have high blood pressure and high blood sugar levels then life insurance companies will give you a standard rate at best.
You will still need to take a medical exam when you apply for life insurance. If you do have any other health conditions then you will be subject to higher rates due to being high risk.
Should I List Gestational Diabetes on Life Insurance History
All pregnant women with this type of history should always tell the truth if asked about their history. In order to get affordable life insurance rates, it’s always best to let the insurance company know of all risk factors.
Underwriters like to underwrite a file that has no questions. This is the best way to get life insurance coverage as fast as possible.
FAQs
Yes, women with gestational diabetes can usually obtain life insurance. However, the condition may impact the terms and rates of the insurance policy.
If gestational diabetes is well-managed and there are no other health complications, it may have a minimal impact on life insurance rates. However, complications or additional health issues related to gestational diabetes can lead to higher premiums.
Insurers typically ask about the diagnosis, management plan, any complications during pregnancy, and your overall health status both during and after pregnancy.
Most life insurance policies require a medical exam, which will likely include questions about any history of gestational diabetes.
Both term and whole life insurance policies can be options. The choice depends on individual health status, coverage needs, and financial goals.
Being denied life insurance solely due to gestational diabetes is unlikely, especially if the condition was well-managed and there are no ongoing complications.
Comparing different insurance providers and policies is key. Also, demonstrating good overall health and effective management of any diabetes-related issues can help secure better rates.
The method of management (diet and exercise vs. medication) may impact rates slightly, but the overall health outcome and control of the condition are usually more significant factors.
Disclose the diagnosis, treatment, any complications, and post-pregnancy health status. Full disclosure is necessary for accurate assessment and policy terms.
If there are no lasting health effects or additional risks post-pregnancy, gestational diabetes may not have a long-term impact on your life insurance policy. Regular health check-ups and maintaining a healthy lifestyle post-pregnancy can be beneficial.
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Conclusion
It’s a medical marvel that you can get pregnant without knowing it and have gestational diabetes. But what if your pregnancy resulted in twins? And what if one of them was born prematurely because of complications from the diabetes? Does this mean that they are more likely to be sick or require expensive treatment throughout their lives, just like you did when you were diabetic as an adult? If so, then how would life insurance work for these kids once they’re on their own?
You might need coverage that includes long-term care protection. Let us find out which plan is best for your family with our expert staff at PinnacleQuote Life Insurance Specialist! Call 855-380-3300 today to schedule your free consultation.”
