Congratulations on your future role as a mother! It’s a big deal, with big responsibility. If you’re considering getting life insurance while pregnant, you’re already making a great step towards protecting your child’s future.
Buying life insurance is not sexy, but it’s a necessary action if you’re a parent.
While you may think being pregnant will have a huge impact on your ability to apply for life insurance, don’t worry. There are thousands of women who buy life insurance while pregnant, and it was business as usual.
Life insurance is one of the most important tools that you can buy for the safety of your loved ones. Just about everyone has the need for a life insurance plan, but new parents should always look at getting the proper life insurance plan in place. You want your spouse and child to have the resources that they need, regardless of what life tries to throw at you tomorrow.
Continue reading below to see what you can do to make your purchase as easy as possible.
Getting Life Insurance While Pregnant
Pregnancy is a tough marathon against the female body, and there are plenty of health risks for both you and baby through the 40 plus weeks. Some of the most common are gestational diabetes and preeclampsia. While these don’t affect every woman, there is a fair number of pregnant women who show signs and symptoms of them. We’ll talk more about these in just a moment.
There are some key things to know when you’re getting life insurance while pregnant:
- Don’t Wait
- Tell Your Agent
- Know Your Numbers
- Know Your Options
Don’t wait to make your purchase. We recommend buying as early as possible. This will give the best representation of your normal health to the insurance company, as the body has many changes taking place throughout pregnancy. Also, your health risks are less probably early in pregnancy, and tend to occur in the final trimester for most women.
I know this might sound obvious, but tell your agent you are pregnant. More and more life insurance is being purchased online as opposed to the traditional methods of the past, and if your agent can’t see you, he may not have any indications you’re pregnant. This can have an impact as it could affect your rates if you have certain complications. A knowledgeable agent will know to redirect you to a more favorable carrier.
Knowing your numbers can also be very beneficial to the pre-screen and throughout the buying process. As things progress, the more clear your health picture, the better. Any detail from cholesterol, to high blood pressure, to your weight (I know, I know) and even your mood and energy levels can all be signs or symptoms of health or ailments.
Be sure to know your options when you apply. You do have options, and an independent agent will provide you with them. You can opt for a fully underwritten policy, or if you’re already sick of the poking and prodding, you can choose a no medical exam term life insurance policy instead. There are also companies who offer guaranteed issue life insurance policies if that would work better for you. Ask ahead of time to see what the benefits and disadvantages of both are for you in your situation.
Maybe you’re concerned because you have kidney disease and you’re wondering if you can qualify for life insurance with kidney disease. Let us help you find the coverage you deserve.
Buying Life Insurance With Gestational Diabetes
If you are one of the women who face changes in health while the bun is in the oven, you could be facing a little more of a trial when purchasing life insurance. Gestational Diabetes is a form of diabetes which is primarily developed in the second trimester of pregnancy, and is most often something which goes away afterwards.
While baby is developing, he requires all his nutrition from you. While this is natural, it can be taxing on some women as it interrupts the normal levels of blood sugar to which your body operates, and can result in gestational diabetes. Life insurance will be harder to obtain if this exemplifies your situation, although it’s not impossible. You will be considered a case for high risk life insurance.
Life insurance companies will also vary drastically on whether or not to award you with excellent premiums or not. While one company might offer nothing better than a standard (or even sub-standard if there are other health concerns), some may offer preferred rates if you meet certain conditions.
The risk is not necessarily just the risks during pregnancy, but after. Women who have had gestational diabetes are much more likely to develop type II diabetes further down the road. There is no guarantee this will happen, the but the likelihood is there.
Buying Life Insurance With Preeclampsia
Preeclampsia is a condition involving high blood pressure, and is a much more serious condition as it can involve stroke, seizures, and in other cases, death. Because of it’s level of risk, you likely won’t find a carrier willing to issue you standard life insurance coverage.
If you have hypertension, but it’s not yet progressed to preeclampsia, you can still buy life insurance, but you’ll likely not get preferred rates, especially if it’s in addition to gestational diabetes or other health concerns. If you are showing symptoms of higher blood pressure, you’ll want to apply sooner than later just in case of the possibility you develop preeclampsia.
Additional Risks When Getting Life Insurance While Pregnant
Your previous pregnancies, if you’ve had other children, can have an affect on your current one. Because of this, any previous conditions you’ve had when giving birth to your older children can have a negative impact on your ability to get life insurance while pregnant.
If you had gestational diabetes, for example, in your first pregnancy, you’ll likely not be able to get coverage while you’re pregnant a second or subsequent time. If your previous child(ren) were born via cesarean section, this is also a non-insurable concern for buying life insurance.
If you are getting life insurance while pregnant, please contact us or get your free quote and we’d be happy to give you additional details about your particular situation, and we can pre-screen you as well to ensure we find you the best carriers to apply to.
Term Life Insurance for Pregnant Applicants
When you’re pregnant, it’s an excellent time to consider purchasing a term life insurance plan. These plans are sold in a variety of lengths, anywhere from 5 years to 30 years. You can buy one of these plans to match the length of your life insurance needs.
The biggest advantage to these plans is that they are much more affordable than other options. Because these plans don’t offer permanent coverage like a whole life plan, you can get a term life insurance plan at a much cheaper monthly rate. If you want to get the cheapest plan to fit in your budget, term plans are going to be the best route.
Working with an Independent Insurance Broker
When you’re looking to get life insurance coverage, there are dozens of different factors that you’ll need to consider to ensure that you’re getting the best plan to meet your needs. It can be a confusing process, but we are here to help. Our independent agents can give you life insurance quotes from dozens of highly rated companies from across the nation all at once.
Every insurance company is different, and every company is going to view pregnant applicants differently, which means that you could receive drastically different rates depending on which company you get the quotes from. Instead of wasting your time calling dozens of companies yourself, let us do all of that work for you.
Life insurance is one of the most important purchases that you’ll ever make, but if your pregnant, you may assume that you’ll need to wait to get the insurance coverage that your family deserves. That couldn’t be further from the truth. There are plenty of options for life insurance coverage, not only for pregnant women but also for those with health or mental issues such as diabetes or depression.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the life insurance protection that your family deserves. If you have any questions about getting life insurance while pregnant, please contact one of our agents today. We would be happy to answer those questions and connect you with the best plan to meet your needs.
We know that finding the perfect life insurance plan can be a long and frustrating process, especially as a pregnant woman, but it doesn’t have to be. We have years of experience in the life insurance industry and we are dedicated to getting you the best coverage available.
If we can’t find you life insurance, nobody else will either.