Life has a funny way of creeping up on us. One minute you’re heading out for a dinner date and the next you’re walking down the aisle. Getting to these stages of your life shouldn’t worry you though. Especially if you happen to be expecting a little bundle of joy in the next few months. Pregnancy can be tough on your body, even if everything goes smoothly. Right now, you might already be in full nesting mode. One thing we want to do for our families is to protect them. Getting ahead of the curve and getting life insurance sorted out sooner rather than later can take a weight off your mind. So, you can get back to enjoying the moment with your new family.
Can you get life insurance while pregnant?
Essentially the answer to this question is yes. This can depend on the circumstances though. The earlier in the pregnancy you are the more straightforward it will be to get life insurance. Pregnancy can have a big impact on your body and giving your baby all the help it needs to grow takes a lot of preparation. With a relatively straightforward pregnancy, it can be a simple process to get life insurance. With issues like smoking, weight and even stress, things can be more complicated as they could cause health problems which in turn could affect the pregnancy.
Should you tell your insurer that you are pregnant?
One possible situation that could come up is if you already have life insurance and fall pregnant. As with any kind of life insurance, it’s important to be as honest as possible. This goes not only for pregnancy but anything else that could potentially have an effect on your health. If you don’t disclose this information to the insurer it could have a big impact on your family. You could be leaving yourself at risk of invalidating your claim. A general rule of thumb is the earlier in the pregnancy the better. The reason for this is that as time goes on your answers to questions on the application could change. This may in turn have an effect on the cost of the insurance policy. If you are worried about this cost you can compare prices with Choozi. The application process only takes a few minutes and you can get an idea for the costs involved.
If you currently have a life insurance policy it can make sense to get in contact with your insurer. Not only in terms of letting them know that you are pregnant but also looking at potentially increasing the life insurance payout. As your family grows it can make sense to get even more financial protection.
Why would you take out life insurance while you are pregnant?
Starting a family is one of the biggest milestones in our lives. Wanting to protect your loved ones is an instinct that we all share. You have probably already started preparing things for when you do start your family. One way of protecting your new family is by getting life insurance. Unfortunately, we really don’t know what could be around the corner. Having some kind of cover in place to help out your family could really make the difference. While you might only be thinking in terms of the next nine months, it can be important to look further on. Life can get pretty busy when you start a family. Things like life insurance can fall by the wayside because of those sleepless nights. Getting life insurance sorted out now can be one of those things that allow you to get peace of mind.
What kind of life insurance can you get if you’re pregnant?
With Choozi you have a few options. What you choose depends on what you might want to protect further down the line. As mentioned the cost of these types of insurance can depend on your personal health circumstances. Here are some of the insurance types you might be able to get while pregnant:
Term Life Insurance
This type of life insurance is for people who want to know exactly how much and how long they're insured for. On your application you choose a fixed amount of money you’ll be insured for and a fixed amount of time to be insured for. Then you’ll be given a monthly premium which won’t change for the duration of the policy.
Life Insurance & Critical Illness
With this variation, you can be covered for a critical illness as well as if you were to pass away. The application process is similar to life insurance. We'll just ask you a few extra questions. From there you’ll get a payout for either a critical illness or passing away, whichever happens first.
Mortgage Life Insurance
Getting a mortgage can be part of starting a family. They can also be some of the biggest expenses in our lives. That’s why it can make sense to have a type of insurance that is designed to protect these things.
The way mortgage life insurance works is that you would select an amount that would be roughly around the same as a mortgage or any large loan. Over time that amount decreases, similar to how the loans would decrease with repayments. This can mean that if something was to happen your family wouldn’t have to worry about having to leave the family home.
Should you wait to get life insurance until after the baby is born?
The answer to this question depends on your own personal circumstances. Pregnancy can be a different experience for everyone. Thanks to modern medicine there is a strong chance it could go smoothly but there is always the risk that it won’t. If you have pregnancy-related health issues an insurer may put the application on hold until the baby is born.
Do I need life insurance for my child?
The answer to this question is linked to the main reason why you might get life insurance in the first place. It’s perfectly natural to want to protect your child whatever way you can. However, for many people life insurance is about replacing your income should you pass away. Since your child depends on your income and not the other way round, you don’t necessarily need to get life insurance for your child.
Embrace Life with Choozi
Taking the next steps in life can be intimidating. The last thing you should have to worry about is if something bad was to happen. At Choozi you can get a simple and straightforward insurance quote. You shouldn’t have to worry about the next steps in life because we will be here to help you out. This means that you can relax and focus on the joys of raising your little ones.