Life Insurance for Pregnant Mums - Can I Get One?
Life insurance for pregnant mums is essential and can easily be purchased through Mummy Insurance. When you’re expecting a kid, it’s normal to feel excited, a little scared, and eager to begin making plans for your future family life. Given the high cost of raising children, it makes logical that many people are motivated to start considering buying a life insurance policy and the best ways to ensure their children’s future in the event of their death.
Why wait until the baby gets home before taking cover? When you are a pregnant mum, it is vital to take preventative measures to safeguard the future of your unborn child. Being a mother increases your awareness of the risks to your life and the life of your kid. As soon as you learn that you are pregnant, you should apply for a life insurance policy. In general, there is no distinction between life insurance for parents and life insurance for pregnant mums. You must first decide who and for how long you wish to protect them. Your premiums are calculated based on this.
If your pregnancy is going well, there shouldn’t be any problems with your life insurance. Your pre-pregnancy weight and current weight may also be considered by the insurance provider. Life insurance for pregnant mums is affordable and Mummy Insurance will arrange you a life insurance policy that is tailored to you and meets your specific needs.
Benefits of Buying a Life Insurance Policy for Pregnant Mums
Life insurance for pregnant mums can offer financial security at all phases of life and being pregnant is no exception. If a parent were to pass away while still covered by the policy, life insurance might assist pay for some of the probable expenses listed below for them.
- Childcare expenses. Early years childcare costs like nursery and childminder fees may be covered by a life insurance pay out.
- Other fees related to education. As kids get older, a cash pay-out from a life insurance policy could assist in covering expenses like after-school clubs, extracurricular activities, school uniforms, private tutoring, and, if necessary, tuition for independent schools.
- Daily activities. A family home requires a significant financial investment, but the pay out from a successful life insurance claim can assist in covering the mortgage or rent, utilities, or just basic living needs for children.
It’s crucial to keep in mind that a life insurance policy only pays out if a legitimate claim is filed and life insurance is not a savings or investing plan.
Will Pregnancy Affect My Life Insurance Premiums?
Life insurance for pregnant mums premiums won’t be affected due to the pregnancy. While pregnancy by itself won’t have an impact on your life insurance premiums, any applicant is required to reveal information about their health, which might possibly include pregnancy-related medical conditions that could limit the coverage.
How To Apply for a Life Insurance Policy When Pregnant
Life insurance for pregnant mums application provess will be substantially the same, but it’s important to make the following points clear:
- Weight: Give a weight estimate that is like your pre-pregnancy weight when prompted.
- Smoking: You will still be regarded as a smoker unless you have abstained from nicotine-containing items (including tobacco, e-cigarettes, and nicotine replacement therapies) for at least 12 months.
- Alcohol Consumption: Your present alcohol consumption as well as whether it has altered at all over the past few months will likely be requested by the insurer. Answer honestly to prevent your insurance from being void.
If I Already Have Life Insurance, Do I Need to Tell My Insurer If I Become Pregnant
You are not required to tell your insurer that you are pregnant if you already have a life insurance policy, and your premiums won’t change if you do.
While applying for a life insurance policy, it’s important to be honest when answering these and any other health-related questions that might be posed. If it turns out that you gave false information, your insurance policy may be changed or revoked, and your claim may not be paid.
Do I Need to Change My Life Insurance When I Have a Baby?
Although it’s not required, you might wish to. You are under no obligation to notify your insurer when you get pregnant or after giving birth if you already have a life insurance policy in place.
To compensate for having a new dependent to take care of you might want to raise your insurance coverage. This may result in higher premiums.
What If I Have Complications with My Pregnancy?
Pregnancy-related illnesses like anaemia and hypertension may cause your insurer to delay coverage until after you give birth.
Because these issues typically occur later in the pregnancy, it is advisable to think about getting a life insurance policy when pregnant as soon as you can.
Does Life Insurance Cost More If I Am Pregnant?
If there are no difficulties or underlying medical concerns, being a pregnant mum shouldn’t affect how much your life insurance policy will cost.
The insurer will factor in your lifestyle and any pre-existing medical conditions (this excludes pregnancy) to determine your premiums, just like at any other time a life insurance policy is taken out.
Compare Life Insurance for Pregnant Mums in NI & UK
As we’ve already discussed, if you’re thinking about starting a family, there is no reason why being a pregnant mum should stop you from obtaining the necessary financial security that a life insurance policy can give you.
Whether you currently have a life insurance policy, it could be worthwhile to check it to determine whether it adequately addresses the demands of an expanding family or if adjustments are necessary and you need more cover. Mummy Insurance can provide you with the advice you need and will provide free life insurance quotes for you from our panel of insurance providers to get you a policy that meets your individual needs.
