Need life insurance with gestational diabetes on your health history?
Diabetes is one of the most common conditions we encounter of people applying for life insurance, and many people are curious whether life insurance with gestational diabetes is treated the same as Type 1 and Type 2 diabetes. It is not uncommon for gestational diabetes to develop during pregnancy, and it is experienced by about 18% of mothers to be.
Gestational diabetes is a temporary condition which develops during pregnancy, so many people would not even consider its impact on life insurance underwriting and rates. Like many conditions, life insurance carriers are split on whether gestational diabetes should impact the rates in which a woman would pay. Rates for life insurance for diabetics are almost always higher.
The main reason why life insurance companies may charge a slightly higher rate if you have/had gestational diabetes is because some studies have linked the presence of gestational diabetes to Type 2 diabetes later in life.
The job of the underwriter is to not only view your risk level now, but also the risk you could pose to the insurance company in the future. If you pose a risk for diabetes, the insurance company may choose to charge a higher rate. However, not every insurance carrier does this, so it is important to be paired with the right carrier.
Purchasing life insurance with a medical condition needs to be done carefully to avoid paying to much for a life insurance policy. When working with a client regarding life insurance with gestational diabetes, we ask some specific questions to make sure we are getting you the best policy. Some of these questions may include:
If you had diabetes before your pregnancy, then you will receive the life insurance ratings which are consistent with diabetes. This could range from a Standard level, to slightly Sub-Standard.
If you have a history of gestational diabetes, and are currently not pregnant, than you will most likely be able to obtain a Standard rating if you do not have any other health issues. The further you are from the date of your diagnosis, the better, especially if you have a track record of level blood sugar.
If you are currently pregnant, and currently have gestational diabetes, than you could be declined for a traditional life insurance policy. This is because your endocrine levels are fluctuating so dramatically due to pregnancy. However, once you have your child you should be able to once again apply for a life insurance policy.
The most accurate way to access your current levels would be your most recent check-up. Providing this information during the application can aid us in obtaining the most accurate information.
As many people are aware, healthy lifestyle choices are one of the best ways to avoid suffering from diabetes in the future. This includes eating healthy, and regular exercise. If you can show us (and the underwriter) you have done your best at eating right, exercising on a regular basis, and overall doing what you can to control any symptoms, this greatly helps your chances of approval.
Remember, however, up to half of all women who had gestational diabetes did end up with diabetes within the first couple years. If you’re continually showing signs of pre-diabetes, even after you’ve given birth, the insurance company may as you to wait before applying again.
Always be prepared when you give us a call. Have your prescriptions handy, know your family history, and tell us as much as you can about yourself. We’re on your side.
Obtaining life insurance after having gestational diabetes does not need to be a difficult process, and avoiding a declination is one of the most important aspects. We have the ability to reach out to over 50 carriers so you can have the peace of mind in knowing you are getting the best deal available.