I became a stay at home mom when my twins were born earlier this year. Before that, I’d been in the corporate world for many years. And I’ve always had my health and life insurance through my employers.
However, when I didn’t return to my last job after my maternity leave ended, I in turn lost my insurance coverage and went on my husband’s plan. My working background is Human Resources so I’m pretty knowledgeable about insurance, etc. So one thing that caught my attention on my husband’s plan was that although the loss of my prior coverage was considered a qualifying event, and therefore the family could enroll on his health plan, life insurance did not fall under that category (I verified with the broker) so I could not enroll in the spouse life coverage.
That’s a huge bummer because for someone like me who has had type one diabetes for 21 years and counting, there’s no way in heck I could get coverage now, without paying ridiculously high premiums. Through my previous employers, I always enrolled in the basic life, the no questions asked/no physicals required one. But when Open Enrollment opens up for his insurance in January … I have to have a physical (no biggy) but as soon as whatever human/computer sees that I’m a diabetic, I am sure it’ll automatically be declined.
Is there anyone out there that has a suggestion on how to obtain life insurance? It makes me nervous not having any coverage… I’m hoping someone may know of a company that’d cover us, or a loophole that someone’s found? All suggestions welcome.