Pregnant? Get Life Insurance Before the Baby Arrives

07 Feb Pregnant? Get Life Insurance Before the Baby Arrives

Getting Life Insurance While Pregnant

Congratulations! You’re expecting a little one! Whether it’s your first or third, expecting a child is an exciting time. But, soon after the pregnancy test excitement wears down, you may find yourself full of questions about how to prepare. Along with thinking about their nursery, diapers, and whether to breastfeed or not, you should consider getting life insurance.

As a parent (or a soon-to-be parent), you want to protect your growing family. Ensuring financial stability is a great way to protect their livelihood and future, should you suddenly pass. Just about everyone has the need for a life insurance plan, and new parents should consider getting a policy right away. You want your spouse and child to have the resources that they need, regardless of what life throws at you.

When you’re pregnant, it is an excellent time to consider purchasing a term life insurance plan. These plans are sold in a variety of lengths, anywhere from 5 to 30 years. Depending on your life insurance needs, you can purchase a policy to suit your timeline and budget. A term policy is also incredibly affordable, meaning that you don’t need to eat into your baby’s fund to pay for protection.

However, if you think your growing family could benefit from more long-term insurance, a permanent policy is the way to go. This policy stays with you for your entire life and builds cash value. Another great benefit to this coverage is that the premiums never increase. Keep these two policies in mind as you talk to your life insurance agent.

Although it shouldn’t be difficult for most expecting mothers to purchase life insurance while pregnant, the reality is that many families face hurdles along the way. This is why it is great to purchase life insurance young and from an independent insurance agency who can work with your needs and budget.

If you need help securing a life insurance policy is best for you and your family’s needs, get in touch with industry professionals. Contact Kevin or Marci to get started on securing the right life insurance today!