Apr 19
Should I buy life insurance now, or wait until my baby is born?
Let’s keep in mind that if you’re thinking of becoming pregnant, you should review your life insurance needs now and apply for coverage before you become pregnant. If you’re already pregnant and in your first trimester you shouldn’t have a problem getting coverage unless you have some complications. However, the later you are in your pregnancy, the harder it may become to get life insurance for several reasons or your life insurance agent may recommend that you wait until after the baby’s born.
When you’re in your second or third trimester a lot of things are happening to your body. In fact, you may have already begun to develop things such as preclampsia. This would cause your life insurance rate to be unfavorable (yes, even though these things are brought on by your pregnancy) or depending on the situation, you may even get denied for coverage.
My advice to all those in child-bearing age….get life insurance now. It will be easier to get AND remember, the younger you are, the cheaper the rates.
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April 25th, 2007 at 10:16 pm
All of these are excellent points about buying/selling insurance for/to the parent-to-be. As a relatively new father, let me also point out that it is LOADS easier to take care of things like this before the little one makes his/her arrival. In the immediate aftermath of a newborn’s arrival, most parents are scarcely able to manage the bare necessities of life for a while. Sleep is at a premium, and life is utterly topsy-turvy for a good while. This is the last time to be worried about getting that life insurance policy! Take care of it early, and you will be glad you did!
May 7th, 2007 at 1:33 pm
Congratulations Jerry on your child! I\’m a recent uncle, and while I can\’t say I\’ve been through it, I watch my sister-in-law struggling with her son, and I can\’t imagine having the mental energy required to shop around for insurance properly.