I just learned today that due to pressure from reinsurance companies, many life insurance companies will be charging higher rates for women who have had gestational diabetes. Again, why do you want an independent life insurance agent?? While many life insurance companies will now charge a higher rate for up to 10 years after a woman has gestational diabetes, not all of them will. Just like type 1 diabetes and type 2 diabetes, it pays to have an agent who knows which companies have their head screwed on right.
This is a huge change as gestational diabetes was, in the past, considered a non issue from an underwriting standpoint as long as it resolved itself after the pregnancy. This caught a lot of agents off guard like the change in the stance on multiple basal cell carcinoma did a few years ago.
I will be researching the gestational diabetes issue to see if I can determine the logic and will share that with you when I get an answer. Can’t promise it will make sense or bear any semblance of reality, but I will get an answer.
Just a heads up from something I ran into today. Many life insurance quote websites only ask about health issues for the past 10 years. READ MY LIPS!!!!! That doesn’t mean that health events more than 10 years ago won’t impact your rates. Again, another reason to have a good agent who asks, “Have you EVER been diagnosed with or treated for”. I talked to a client today who answered no honestly to the 10 year question, but had two run ins with cancer prior to that. That is relevant!!
This post is somewhat dated. Life insurance underwriting is changing and evolving continually. For more updated information check out some of the key word links. If you have a specific question or topic you need information for do a search. If you don’t find the answers you need contact me and we’ll make sure you get the information that is important to you.