My wife and I applied for 1.5 M/30 yr term life insurance when she was pregnant about five months ago. I was automatically approved but she was not due to borderline gestational diabetes. She’s never been on any medications or anything. Our baby was born 4 months ago and she reapplied with the same agent since her repeat A1c last week was <5. She is 31, no medical issues at all, non smoker, no medications and our agent said the best rate she can get is preferred with a quote of ~1100 per year. This is about what I paid and I’m 34. Is preferred the best rate or is preferred plus? When i go to term4sale, her rates are a lot lower (~$850) for just preferred. Does her having gestational diabetes while she was pregnant effect her rate even with a normal A1c after giving birth?
Ask your broker why.
It looks like you’re managing your insurance coverage well. Based on what you’ve shared, it seems your wife’s past gestational diabetes might still affect her rate, even though her current A1c is normal. Insurance companies sometimes factor in past conditions, even if resolved, when setting rates.
Here’s a quick summary:
- Preferred vs. Preferred Plus: Preferred Plus is the best rate for those in excellent health with minimal risks. Preferred is still a good rate, but not the lowest. Your wife might be getting the best rate for her health and history, but it varies by insurer.
- Rate Differences: The difference between the Term4Sale quote and your agent’s rate could be due to the insurer’s risk assessment or extra factors not in the online quote.
To get the best rate, consider comparing quotes from different insurers or work with an independent agent who can review multiple options. If her health is great now, she might still qualify for a better rate elsewhere.
The preferred rate is generally a good one, but rates can vary between companies. It’s possible that her previous gestational diabetes might still have some impact, even with a normal A1c now. I’d suggest reaching out to other agents or companies to compare rates and see if you can get a better offer.
Not all carriers use the same names for their rates. What one company calls “Preferred Plus” could be the same as “Preferred” at another.
The most affordable option is usually getting the policy fully underwritten.
It seems like your wife’s past gestational diabetes might still affect her rate, even though her A1c is normal now. Insurance companies often factor in past conditions when setting prices, which could explain why her rate is higher than the preferred rates you’re seeing online.
“Preferred” is a good rate, but “Preferred Plus” is usually better. Since you’re noticing lower rates on Term4Sale, it’s a good idea to get a second opinion or compare quotes from other insurers. Some may offer better rates for her health history.
Reviewing and comparing options is always smart, especially when there’s a big difference in quotes.
Even with a normal A1c now, insurers might still factor in past health conditions. Preferred is generally a solid rate, but “Preferred Plus” could be a possibility if her health situation is taken into account positively. Checking rates from multiple sources, like Term4Sale, is a good move.
Are we seriously this concerned about the extra $13 a month to have an insurance company on the hook for 1.5 million? Take the offer and put it inforce today. If $13 a month is that big of a difference to you then just drop your insurance all together.