Gestational diabetes is a condition that occurs in almost 20 percent of pregnancies and usually affects women that have never had diabetes.
Even though the medical consensus is that it is a temporary condition that occurs during pregnancy, life insurance underwriters are of a different opinion. Insurance underwriters have concerns since some studies reveal that having gestational diabetes may increase the chances of the woman developing type 2 diabetes later on in life.
This is a point of concern for underwriters since their job entails evaluating whether you pose a risk to the insurance company. If there is a likelihood of you developing type 2 diabetes later on, they think about all other health complications and risks associated with that.
The Connection Between Gestational Diabetes and Type 2 Diabetes
When it comes to this topic, insurance underwriters have a different criterion. It is a tricky affair since type 2 diabetes usually has risk factors associated with the person’s lifestyle and is not something that simply manifests from nowhere.
A woman that develops the condition during pregnancy and then forges ahead with consistent exercise and a healthy diet will have a very low probability of developing diabetes later on and vice versa.
It is rather unfair to punish all the women that develop gestational diabetes by giving them higher premiums just in case they ever develop type 2 diabetes 5 or even ten years down the road. However, this is exactly what some insurance companies do.
Does Your Family Have a History of Diabetes?
The better and more sensible way of evaluating whether you are at high risk of developing type 2 diabetes, later on, is checking your family history. A high correlation exists between family history and the likelihood of someone developing type 2 diabetes during their lifetime.
If you have a family history of diabetes, insurance underwriters will use this as a guideline for charging you a higher premium to offset this risk. As a side note, it is important to adopt healthy lifestyle and eating habits if diabetes is a health concern that runs in your family.
Why You Need to Work with an Independent Agent
Many for up to 10 years life insurance companies will charge you higher premiums after you have gestational diabetes. They do this right from the get go without even considering any additional factors i.e. you do not smoke, your current health is excellent, and you do not have any other high-risk lifestyle factors.
However, on the flipside, there are many insurance companies that do not do this. Therefore, if you were to choose an agent that works for a single company and that company happens to be the one that charges women with gestational diabetes higher insurance premiums, you might end up believing and accepting that it is the norm. It is not!
When you choose to work with some independent agents, you will have to provide comprehensive answers to pertinent questions for them to have a better picture of your family history. Once the agents learn that you have had gestational diabetes previously, they will steer you clear of the insurance companies that charge higher rates for obvious reasons. In the end, you will end up paying less and get the policy that meets your needs best.
In conclusion, this article has looked at the link between gestational diabetes and life insurance premiums. While not all insurance companies will charge higher premiums because you have had gestational diabetes, it is always advisable to choose the insurance companies that don’t practice this type of client categorization. The best way to choose a good company is through an independent agent. Talk to one today to find an insurance companies that will meet your needs best.
Why You Should Compare Funeral Insurance Plans Online
Many people try not to think too much about their own mortality, but it is still something that needs to be planned for. Death can strike at any time, and the last thing that you want to burden your grieving family with is the cost of your burial. By purchasing burial insurance, you can make sure that they will not have to come up with this money during such a trying time.
As with any insurance plan, there are a number of important factors to consider before purchasing a policy. Do not assume that you do not need insurance because you are still young and healthy. You never know what might happen to you, and many people are cut down in the prime of life.
To ensure that you find the best deal on a policy, it can be a good idea to compare burial insurance plans online at sites like BurialInsurancePlans.org. This way, you can get quotes from several different companies. Compare these quotes so that you can find the policy that is best suited to your needs.
I have Life Insurance. Why Do I Need Burial or Funeral Insurance?
Do not assume that just because you already have life insurance, that the cost of your funeral is also covered. Many life insurance policies do not apply to burial costs. Even if you can use those funds for the burial, this will reduce the benefits. Your beneficiaries may need those funds for other purposes, such as paying a mortgage.
The cost of a burial can run into thousands of dollars, so it is important to take the time to choose an insurance policy that will shield your loved ones from having to bear this burden. Shop around and compare your options. This way, you can find an insurance policy that will help your loved ones avoid these expenses after your passing.
Understanding When You Need a No-Exam Life Insurance Policy
Finding a life insurance policy that is perfectly tailored to your circumstances is not the easiest thing to do. Before issuing any policy, insurance agents must access any risks, and the more risks they find, the higher price you will pay. Risks include health issues, such as smoking and preexisting conditions, which cause premiums to rise. If either of those things apply to you, you may be better off with a no exam policy that has a fixed rate.
Generally, these types of policies are more expensive than those requiring a medical checkup, but if you’re a smoker or have a serious illness, it is could be your best bet. Before deciding on what type of policy you need, shop around to see what’s available; you should interview a handful of providers.
Finding the Right No Exam Life Insurance Company
First, determine what the reputable companies are so that you narrow down the pool. Check with the BBB, and go online to read consumer reviews. Also, make sure you comprehend the different policies that are offered and which ones you qualify for. If you have any questions, make sure you get the answers before making a decision. You must know exactly what your policy covers. You can do most of this research through online companies like the no exam quotes page on Life Insurance United.
When you are conducting your preliminary research, don’t give anyone your personal info. Just inform them of your medical and lifestyle facts, and ask for quotes using that information. If you find you can’t afford a policy given your circumstances, you really only have two options.
You can buy a no exam policy with the understanding that you’ll be paying a higher premium, or you can start to improve your lifestyle and health to reduce the risks associated with issuing you a policy. You may need your doctor’s help with that. Some people find that purchasing the no-exam policy is the less stressful way to go.
What You Need To Know About Texas Medicare Supplements
Although persons at or over 65 years qualify to be Medicare insurance policy holders, much needs to be done for them to have full and adequate health cover. One of the many things that a senior should put into consideration is Medicare supplemental insurance cover, also known as Medigap. Medigap is a policy that tops up Medicare policy providing one with 100% medical cover. This supplemental insurance comes in two packages, Medicare part A and B, both of which seniors can or should take advantage of. What many people do not realize however is that, Medicare insurance does not cover all medical expenses, and huge deductibles have to be paid if one is admitted in hospital. The only way to reduce or do away with these deductibles is by finding supplemental cover on the same. Discussed below are several tips on how to get Texas Medicare supplemental insurance for 100% medical cover.
What should concern you?
Both Part A and Part B of Medicare insurance come with deductibles that one should be concerned about. For instance, part A has a deductible of $1100 while deductibles on Part B are over $100. To make matters worse, the insurance policy does not cover many of the chronic conditions that most seniors to suffer from. Nonetheless, Texas Medicare supplemental policies are designed to help seniors get cover for most of these liabilities. In addition to this, the supplemental plans step in for extra medical and physiological costs that may arise over time. This is to say one does not have to worry about huge medical bills for as long as he/she has a supplemental insurance cover.
Texas Medicare Supplemental Insurance Policy Rates
Policy rates on this insurance cover may vary from one person to the other. Premium rates are calculated based on one’s age, location, gender and health factors as well. It is therefore advisable for one to talk to a health insurance agent, to find out how premium rates will be determined. Most of these premiums differ from one insurance provider to the other. Some companies however have affordable and flexible premiums that many seniors can afford comfortably. Most of these premiums are payable on a monthly, quarterly or yearly basis depending on one’s capacity and capability.
Careers in Banking and Finance and Insurance
5 Great Store Credit Cards Worth the Investment
When you’re looking at all the various store credit cards that are out there, it can be a little bit overwhelming. While there are some exceptional store based credit cards out there, there are also tons of stories of terrible store based credit cards. As with any credit card the critical first step is being able to separate the bad from the good and move on from there. Continue Reading…