If you have been diagnosed with gestational diabetes and been declined life insurance you may feel like there’s no hope of ever getting coverage. We are here to tell you this is not true, you can still qualify for affordable life insurance with the best rates.
Most life insurance companies will make you take a medical exam. These companies usually look at your whole medical history they will also ask about diet and exercise run physicals, draw blood, and perform tests to see if you are eligible for coverage. This typically results in declines across the board.
According to cdc.gov
6% to 9% of pregnant women develop gestational diabetes.
The burden of the financial expenses you leave behind will fall on your family and making sure you have sufficient life insurance coverage in place is a necessity to protect your loved ones.
Here at ParamountQuote, we work with top life insurance companies that will not make you take a medical exam or physical to qualify for coverage.
In this article, we will cover the most important information when it comes to gestational diabetes and life insurance.
“can I get life insurance if I had gestational diabetes?”
The answer is yes the key is to work with a carrier that has easy underwriting niches which is exactly what we work with here at our agency.
“can you get life insurance if you have diabetes?”
Yes, the life insurance companies would just want to know if you have any additional medical conditions due to your diabetes-like neuropathy or amputation.
Does Gestational Diabetes Affect Life Insurance?
Above all, when it comes to gestational diabetes and life insurance it depends on what type of coverage you are looking for and the underwriting guidelines of that carrier.
When you are answering questions on a life insurance application the insurance company is looking at your risk factors. How well your diabetes is controlled and any complications with it are all taken into account by the carrier. Gestational diabetes usually results in pregnant women developing type 2 diabetes.
With gestational diabetes insurance coverage you should not have to pay higher premiums for your insurance plan. This is typically the same with group life insurance as well.
If you have been denied life insurance because of diabetes it is because of the complications you may have from diabetes itself this is very common when it comes to whole life insurance and diabetes.
For example, if you have had an amputation within the last year due to your diabetes this means the only type of permanent life insurance you can qualify for is guaranteed issue life insurance. That type of coverage has a 2 year waiting period for death benefits.
Furthermore, a carrier looks at diabetes type 2 more favorably than type 1. This can make a difference in your rates. You could get either a preferred rate or standard rate depending on the insurance company.
This is why we recommend easy underwriting life insurance companies also known as whole life insurance or final expense insurance. This coverage is very easy to get approved for.
Best Life Insurance for Gestational Diabetics
The best life insurance for gestational diabetes is whole life insurance which is also known as burial insurance. Policies like this do not require a medical exam and when you work with one of our insurance agents they can help you get covered in 30 minutes or less.
Since these are simplified issue plans it makes the application process very simple. You just answer the life insurance companies’ health questions. As long as your medical history and prescriptions match your answers you will receive instant approval right over the phone.
These companies will not ask if you have any family history of diabetes, their life insurance underwriters are only concerned if there are any complications coupled with diabetes such as neuropathy or a diabetic amputation.
Best Whole Life Insurance Companies for Gestational Diabetes
- Mutual of Omaha
- Royal Neighbors of America
- American Amicable
- Prosperity Life
- Guarantee Trust Life
- American General AIG
- Great Western
Burial Insurance you Should Avoid
|What to Avoid||Reason|
|Term life Insurance||Premiums increase after 5 years. Coverage ends after 80. Term Terminates|
|Pre-paid funeral plans||Expensive & Do not Travel with you if Death Occurs outside of State|
|Universal life insurance||Tied with stocks used more for Inevstments|
|No health questions Asked policies||With 2-year waiting period & more Expensive|
|Plans offering "gimmick rates"||$9.95 per unit plans or $1 buys $100,000 coverage|
|Over priced plans||Insurance from TV and Spam mail with false advertising|
|Plans that accept mail-in payments||High Risk of Payment Failure & Policy Lapse|
|Plans that accept Direct Express||High Chance of Lapse due to missed Payment|
|Plans that accept Credit Cards||High Chance of Lapse due to missed Payment|
Best Burial Insurance
|PARAMOUNTQUOTE PLAN BENEFITS||INCLUDES|
|Day One Coverage||YES|
|Rates NEVER Go up||YES|
|Policy Coverage NEVER Decreases||YES|
|Easy Underwriting & Approval||YES|
|No Medical Exams Required||YES|
|Same Day Instant Approval||YES|
|Death Claims Pay Quickly||YES|
|Builds cash value over time||YES|
|Coverage Up To Age 85||YES|
Above all, when it comes to gestational diabetes and life insurance you can be approved quickly and easily with an easy underwriting life insurance carrier this is whole life insurance also known as burial insurance or final expense life insurance.
Whole Life Insurance
The carriers that we work with for whole life use easy underwriting. What this means is they will not send someone to your home to run any tests or check you for high blood pressure. There are no medical exams required for these plans. The face amounts typically range between 1,000 to 40,000 and can be used for final expenses such as burial or any outstanding debts.
Furthermore, when it comes to people with diabetes they just want to know how controlled your condition is we help 90% of our diabetic clients get approved for level day one coverage. The other 10% would be clients with a very uncontrolled type of diabetes such as insulin shock, amputations, and nephropathy to name a few.
Term Life Insurance
The carriers we work with for term can get you approval however they will require a medical exam as well as look at 10 years worth of health condition’s they will typically look at diabetes as high risk in most cases. They would send a medical expert to your home to check your blood sugar levels and run physical tests. The process of approval is also significantly longer they can take up to 3 weeks before a decision is reached.
We do not recommend term, particularly to clients with health issues because it does expire after a certain amount of years, and the rates can increase. Face amounts for these policies can range between $50,000 – $500,000. These policies can help protect a sizable mortgage but they are not permanent.
If you have a history of gestational diabetes or diabetes we highly recommend whole life insurance to purchase for your family.
Gestational Diabetes and Life Insurance Rates
Above all, gestational diabetes does not affect your life insurance rates at all when it comes to whole life insurance if your condition is controlled.
Furthermore, gestational diabetes is looked at by carriers as diabetes type 2 which is a less serious form of diabetes this is typically treated through oral medication. Carriers look very favorably at this, whole life insurance companies with easy underwriting only care about if you have had any serious complications.
These complications include:
Amputation due to diabetes
Kidney or liver issues
If you do not have these complications you have a 99% chance of getting approved for first-day level coverage.
This means if you passed away after your policy is issued and the premium is paid your family would receive the benefit the very next day.
Now if you have had any of those complications it would depend on the time frame of when those complications occurred. If you had those complications over 2 years ago and no complications since then you would still be able to qualify. This is something one of our agents would have to speak with you about in order to assist you with finding the best carrier.
Life insurance for gestational diabetics typically will not classify you as a higher risk. This is great news for people with a diabetes diagnosis. These carriers are liberal in their underwriting for this very reason.
How to Begin Applying for Life Insurance
Getting started is very simple.
First fill out the quote form to your right with some basic information such as phone number, date of birth, first and last name.
Once you fill out the form you will see rates with the top life insurance companies in your state. At that point, one of our licensed agents will give you a call over the phone number you’re provided and they will begin confirming the information you filled out.
Once everything is confirmed they will begin the field underwriting process. They will ask a few simple health questions and questions related to diabetes.
They will ask about:
- Diabetic Amputation
- Diabetic Coma
- Insulin Shock
- Kidney or Liver issues or diseases
After the questions, the agent will know exactly which carrier to place you with and at that point will confirm the amount of coverage being applied for and begin the enrollment process.
There are 2 different ways to enroll and both methods only take 30 minutes or less.
- Voice Signature – You, the agent, and the insurance carrier do a 3-way call and the carrier will ask you a series of health questions on their application. You will answer with a simple yes or no and apply your voice signature to all the forms. An instant decision of approval or denial is reached right there on the call.
- Email Signature – The agent sends you a Docusign email. Once you receive the email you open it and follow the DocuSign prompts. Once documents are signed an instant decision is reached.
Fill out the form to the right of this page to speak with an agent and get started today.