The right time to apply can save you money.
- Having children is what drives many people to apply for life insurance.
- Getting insurance before you get pregnant can work to your advantage.
- Pregnancy can trigger certain health conditions that may increase your risk factor.
Deciding to start a family is a big decision. Having children means not only incurring additional costs, from extra food to supplies to child care, but also, giving up a part of yourself to another person to live for. the rest of the day (no pressure).
At this time, many parents make the decision to leave life insurance in the place when they have children. That way, they can be sure that their children will be financially protected if they are not around to take care of them.
If you’ve decided you’re ready to have a baby but don’t have life insurance, you may want to apply before you get pregnant. Doing that can end up being a good source of savings.
Don’t wait to submit that request
You might think that paying for life insurance before bringing a child into the world is a waste of money. But the truth is, applying for insurance before you get pregnant can work to your advantage.
While some pregnancies go well from start to finish, some women end up with ongoing medical problems during and after. and who are they pregnant. And it can be hard to predict who will happen to it. If you are ready to get pregnant and your current health seems to be in good shape, the time to apply for life insurance is now.
Remember, in most cases, you have to go through a process called medical underwriting in the process of getting life insurance. It means there is a medical examination and check your health. (There is such a thing as a no medical exam life insurancebut these policies tend to be more expensive and more restrictive than those that require a medical exam.)
If you get that health check done at a time when you know you’re healthy, you can lock in the cheapest premiums on your life insurance policy. But if you wait until you’re pregnant, and then apply for insurance, you may end up paying more.
In fact, the doctor knows that there are health problems that can arise during pregnancy and be resolved later. Having gestational diabetes, for example, does not mean you will have diabetes for the rest of your life.
What if, for example, you gain a lot of weight during a pregnancy and struggle to lose it after? If you apply for life insurance and you are determined to be overweight or obese, it may result in higher premiums, because your insurer may consider you a risky applicant.
You also get peace of mind
It is sad that some women do not end up having children. And this is another reason to get life insurance before having a baby.
If you buy the policy before you become pregnant, you can name your partner as the beneficiary for your policy. And, if you are pregnant, you can designate your unborn child as a beneficiary.
Taking out life insurance before starting a family can give you peace of mind as you go through that exciting but overwhelming process. And that’s why it doesn’t wait.
Our picks for the best life insurance companies
Life insurance is important if you have dependents. We’ve researched the options and developed a list of the best life insurance options. This guide will help you find the best life insurance company and the right type of policy for your needs. Read our free review today.