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Thinking of Buying Life Insurance During Pregnancy? Here Is What You Need to Know

Feb 02, 2023

Life Insurance

Thinking of Buying Life Insurance During Pregnancy? Here Is What You Need to Know

Life insurance is essential to be prepared for future uncertainties and setbacks. Though you can buy life insurance at any time, getting one while you are pregnant is a good idea to protect your unborn child. However, when is the right time to buy life insurance for pregnant women, and what if the expectant mother has health issues like gestational diabetes? Let us discuss them.

Can Pregnant Women Qualify for Life Insurance?

Yes, pregnant women can qualify for life insurance, but some conditions apply.

Women during their first trimester without pregnancy complications, a history of complications from earlier pregnancies, or a pre-existing health condition can get life insurance coverage at the same rates as others.

Women applying for life insurance during the second or third trimester may be asked to wait until their delivery. If required, you can protect yourself throughout your childbirth with temporary life insurance coverage.

However, some insurance companies provide coverage during any stage of pregnancy for those without complications, both now and in previous pregnancies.

Will You Be Undergoing a Pregnancy Test During Life Insurance Medical Exam?

No, life insurance medical exams will not include a pregnancy test. However, it includes a verbal interview, and during that time, you will be asked whether or not you are pregnant.

When Should a Pregnant Woman Apply for Life Insurance?

While you can apply for life insurance anytime during your pregnancy, know the pros and cons of applying for life insurance at various times of pregnancy to make an informed decision:

  • During Pregnancy

    When you apply for life insurance nearing your childbirth, your application will be postponed if you have gestational diabetes or you will be approved for a higher rate. In such circumstances, you will need to retake the medical exam after a year or two from the commencement of your policy. If your re-exam results indicate no health issues, you may qualify for a lower rate. Otherwise, the rate may increase.

  • After Pregnancy

    The first two months of postpartum is the best time to apply for life insurance, as within that period, you can restore your health. However, if you have postpartum depression and gestational diabetes, your rates may remain high for five years.

  • Before Pregnancy

    You can also apply for life insurance before planning to have a baby. It may get you affordable rates while ensuring that your family will be protected if you, unfortunately, pass away from childbirth complications.

Can You Name Your Baby as a Beneficiary?

If you don’t live in a community property state, you can name your baby as a beneficiary. However, naming a minor as a beneficiary may trigger additional complications, so you can name a legal guardian or your spouse to monitor the funds on your child’s behalf, or you can create a Uniform Transfers to Minors Act (UTMA) account.

Life Insurance Riders for Pregnant Women

  • Child Rider – Provides death benefit after the demise of your child.
  • Spousal Rider – Protects your spouse during uncertainties.
  • Disability Income Rider – Provides part of your monthly income if you cannot work due to an injury/illness resulting in a disability.

As life insurance provides much-needed financial backup, getting one when planning to have a baby can ensure peace of mind across your childbirth and beyond.

Be Prepared for Pregnancy and Childbirth with Fuller Insurance

At Fuller Insurance Agency, we are committed to providing customized life insurance policies that offer both financial protection and peace of mind. Contact us today to find the best plan that protects you during and after pregnancy.

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