Common Questions Expectant Mothers Have About Life Insurance

If you’re expecting a baby, congratulations! Before you know it, you will be holding your bundle of joy in your arms, and your strong instinct to protect your child will kick in. As an expectant mother, you might have some fears and questions about how you plan to raise your child and how you plan to keep them safe for their whole life, some of these questions and concerns might revolve around life insurance. Can you get a policy while pregnant? Will it be expensive because pregnancy is a pre-existing condition? What kind of life insurance should you get and how much coverage will you need? All of these are really good questions that we are going to answer for you!

Can I Get Life Insurance if I’m Pregnant?woman in a pink dredd holding her pregnant belly

When applying for life insurance, pre-existing conditions can either drive up the price of your policy, or prevent you from getting a policy altogether, so it is reasonable to wonder whether your pregnancy could prevent you from getting a life insurance policy. But as long as you apply early in your pregnancy and you have no medical complications, there is absolutely no reason you cannot get an affordable policy with substantial coverage to protect your unborn baby. But what about if you are further along in your pregnancy or have medical complications? Well, you can still get a great plan, but insurance companies will probably not insure you until after your baby is born. 

How Much Will It Cost?

Life insurance prices are based on a number of factors, including your health, age, and family history. The younger and healthier you are, the cheaper a life insurance policy will be; life insurance companies see younger, healthier people as less of a risk to insure. If you are 30 or younger and healthy, you could get a plan for as low as $15 a month! But the answer to this question really depends on multiple variables, which can be best assessed by a life insurance agent. An agent can help you compare plans from different companies, so you are aware of all the options available to you.

What Type Of Life Insurance Is Best?woman in a blue dress shirt shrugging her shoulders with a question mark on each hand

There are various kinds of life insurance policies to consider, which can make looking for the right one for you time consuming and frustrating. To help you get started in your search, the two most popular types of policies are:

Both types of policy will provide coverage for your family’s needs in the event that you are no longer with them. Both policies will help pay debts, bills, funeral expenses and can even leave some money for your children to inherit. It all depends on whether you think you need a life insurance policy for 10, 20, or 30 years to cover major expenses like a mortgage, or if you want a policy that will provide coverage even after those expenses are paid off. Either way, you will be helping your family and providing money for your unborn child or children in the future.

Is My Employer’s Life Insurance Good Enough?

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Your employer’s life insurance policy will not be enough, especially if you leave the company, then you lose it.

If you are a working expectant mother, and your employer provides life insurance, you might think that you and your baby are adequately covered. However, this might not be the case, especially if you end up leaving the company, because you will lose your life insurance policy if you do so. In addition, the policy your employer currently provides  most likely does not have enough coverage to provide for your family for a very long time, so that is something to take into consideration.

Pregnancy can be exhausting and exciting at the same time. You are busy preparing for your baby’s arrival, and you might have put life insurance at the bottom of your to-do list and forgotten about it. But if you are thinking about expanding your family, are an expectant mother, or are a new mom, life insurance should be on the top of your list, so that you and your family can have peace of mind. Now is the time to get your policy: the healthier you are, the lower the price and the better the coverage you can get. After all, life insurance rates increase by 4-9% each year as you age! 

Every life insurance company treats pregnancy differently, which is why comparing quotes is essential to getting the most coverage with the most savings. The best way to find the right life insurance policy for you and your specific needs is by working with an agent who specializes in life insurance. We have provided the top life insurance companies in the nation below; each offers hassle-free assistance and the most competitive rates. Always check multiple sites to make sure you have bargaining power and know the advantages of each company. Make sure a hard time isn’t made harder by a financial burden, check life insurance rates today.

Is Employer-Provided Life Insurance Enough? Most Likely Not

Life insurance is something everyone should have. Fortunately, most employers offer life insurance as part of their employee benefits package. It is a valuable benefit because it is convenient, and costs little to nothing to have. But while employer-provided life insurance is a nice perk, does it provide enough coverage for you and your family? The answer to this question may vary depending on your situation, but most of the time the life insurance your employer offers is simply not enough.

Benefits Of Employer-Provided Life Insurance

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One of the major benefits of employer life insurance is not needing to undergo a medical exam.

There are some benefits to having employer-provided life insurance. For one thing, it’s usually free, or only a few dollars a month at most. Another major benefit is that you do not have to undergo a medical exam in order to get coverage. If you are looking to get private life insurance, many companies will require a medical exam, and if you have any health conditions, your policy might be expensive, or you could be denied coverage.

Disadvantages Of Employer-Provided Life Insurance

Although employer-provided life insurance is convenient and costs little to nothing, there are major downsides:

  • Limited Options-The life insurance plan offered by your employer is not tailored to your specific financial needs. You will not have the ability to choose the best policy for you, as you would if you worked with an agent and purchased private life insurance. 
  • Not Enough Coverage– If you have dependents who rely on your income, then you need coverage that is at least 6 times your annual salary. Some experts even recommend getting coverage worth 10 to 15 times your salary. Employer-provided life insurance generally does not offer this much coverage.

    contract agreement being ripped in half
    When you leave your job, you will lose your life insurance policy.
  • You Can Get Dropped–  Unfortunately, if your employer decides to drop this benefit (which they can do because the contract is between the employer and the insurance company),  you will lose your policy. You can also lose your insurance coverage if you work past a specified age or when you retire
  • You Lose It When You Leave– You cannot take your life insurance policy with you when you leave your job or if you lose your job. The moment you are no longer employed, you will have to buy your own coverage, which can be difficult as you age or if you develop a health condition. 
  • Supplemental Coverage Can Be Expensive- You have the option to buy additional coverage through your employer-based policy; however, supplemental policies can cost more than buying your own individual life insurance policy. Not to mention, you cannot convert your supplemental policy when you leave the company; even if you can, expect to pay even more.

Finding An Affordable Individual Life Insurance Plan

The disadvantages of employer-provided life insurance outweigh the benefits, especially if you have a family who depends on you. An employer-provided plan might not offer enough coverage, but you can tailor an individual life insurance plan to meet your specific needs and finances. You can do all of this at a reasonable price, you simply need to speak to an experienced agent who can compare different plans available in your area. We have provided the top life insurance companies in the nation – all of which offer hassle-free assistance and the most competitive rates – below. Make sure your family is properly prepared for the unexpected by checking rates today!