Can I Get Life Insurance If I’m Pregnant?

The happy answer is YES! Of course, there will likely be a medical exam required and it is important that you tell the health care professional conducting the exam that you are pregnant. You will likely require a blood or urine test, but it won’t include a pregnancy test. So unless you are like “so out there” it’s best to let the practitioner know.

Now the best time to apply for life insurance is before you are pregnant because pregnancy is always considered a medical condition by life insurance companies. It’s possible it may increase your premium. When you are planning a family consider buying a life insurance policy before you are pregnant. That will help you get a lower rate and allow you to put some money into an educational fund. But if you don’t already have a policy in place, the next-best option is trying to buy your coverage in the first trimester of your pregnancy. This way you may not have any pregnancy-related complications during this time and your natural pregnancy weight gain will likely be lower than later in your second and third trimesters.

So, what about naming a beneficiary. Most parents name their spouse or partner as the beneficiary of their life insurance. It’s not nice to imagine, but if you were to pass away, then your spouse or partner will be the most likely person that parenting responsibilities will fall to. Giving your partner the death benefit of your policy will ensure that they are able to care for your child without immediate financial strain.

Some parents will name their child as the beneficiary however, naming minor children as your heirs may bring legal complications. Another way to ensure that your child will benefit financially from your life insurance policy is if catastrophe strikes, and both of you are gone is to name a trusted family friend as their legal guardian. This person can then ensure and manage the payout from your policy to care for your child until they reach legal age which is typically18 in most states and countries.

So, what type of life insurance is best for you will depend on your life insurance goals. For many people going with a term life policy a great choice if you are concerned about price. However, permanent life insurance may be another way of creating a financial asset for your loved ones in the future. To learn more about how and what types of insurance match your situation contact a professional life insurance agent for more details.