Life insurance helps mums secure the financial future of…
Yes, you can get life insurance when pregnant. Expecting a baby won’t affect your eligibility or the cost of your premiums.
You can take out a policy at any point during your pregnancy to protect your growing family and put your mind at ease about their financial future.
In this guide, we explain all you need to know about securing life insurance while pregnant, whether you’re expecting your first child or adding to your clan.
Raising a child is expensive, so why not save money on your life insurance premiums by contacting Reassured?
We compare FREE quotes to help you find our best available deal.
Many people take out life insurance when pregnant as part of preparing financially for their expanding family. You don’t have to wait until you’re already a parent to buy cover.
Along with stocking up on nappies and baby-proofing your home, arranging life insurance can be ticked off the list before your little one arrives.
It’s an awful thought, but around 111 dependent children are bereaved of a parent every single day in the UK.
Life insurance can bring you peace of mind knowing that your family will be taken care of financially if anything happened to you.
A life insurance pay out can help them to cover essential costs such as:
Even if you’re not planning to return to work for some time after having the baby and therefore not earning an income, your absence could still bring about financial worries.
If the worst happened, your partner or chosen guardian may need to reduce their working hours or take time off work to care for the children, losing essential income.
Having life insurance in place can provide your loved ones with a vital financial safety net if you were no longer around to support them.
Yes, when applying for life insurance during pregnancy, it’s sensible to tell the insurer that you’re pregnant.
You’ll also need to tell the insurer if you’ve been diagnosed with any pregnancy related medical conditions, such as:
While pregnancy complications tend to be short-term, it’s still important to disclose these during the application process.
Any non-disclosure will invalidate your policy, preventing your family from making a claim in the future if they need to.
In any case, telling the insurer about your pregnancy will allow them to better help you arrange the right cover to suit your needs.
Do I need to tell my life insurance if I have a baby?
No, if you already have life insurance in place, you don’t have to tell your existing insurer about your pregnancy or that you’ve had a baby.
Although, having a child or more children may be a good time to re-evaluate your existing cover to make sure that it suits your new circumstances.
Some insurers offer a ‘life change benefit’ which allows you to increase your cover amount at certain life events (such as becoming a parent) without you having to provide further medical information.
If this benefit is available with your policy, details will be found in your policy terms document, or you can contact your insurer directly.
You’ll need to provide evidence of your baby being born before you can use the life change benefit, and other conditions will apply.
Yes, you can still get life insurance when pregnant even if you’ve developed a medical condition during your pregnancy.
However, depending on the condition you have and whether other risk factors are present, an insurer could decide to:
In the unlikely event that your application is declined, you can still apply with other insurers who may accept your application.
If you have a pregnancy-related health problem your application may be delayed until your health has returned to normal after your pregnancy.
You’ll still go through the standard application process where you can expect to answer questions about your health and lifestyle.
You won’t be asked any additional questions about your pregnancy unless you have a pregnancy related medical condition.
The application will include questions about your:
If you have any concerns about applying for life insurance during pregnancy or even as a parent, contact Reassured.
Our experts can help answer any questions you may have and explain any part of the process you’re unsure of.
There are different types of life insurance you can buy, so you can choose one that best meets your needs.
Term life insurance, which includes level term and decreasing term policies, is a popular option among those who are starting a family.
What about joint life insurance?
If you’re in a couple, you could take out any of the policies described above on a joint basis to save yourself money.
A joint life insurance policy can cover you and your partner at the same time and will pay out if either of you passes away during a set term.
You’ll only have to pay one monthly premium and it tends to cost up to 25% less than taking out two single policies.
Contact Reassured to learn more about the life insurance options we have available and whether taking out a joint policy is right for you.
No, the fact that you’re pregnant won’t affect the cost of your life insurance.
Life insurance premiums are calculated based on:
As mentioned, insurers will take into account your overall health when assessing your application.
If this includes any medical issues caused by pregnancy, then the cost of your premiums could be increased temporarily until the baby arrives.
On the other hand, if you’re having a healthy pregnancy with no complications, then the cost of your premiums shouldn’t be affected.
In any instance, it’s important to compare multiple quotes before taking out a policy.
Life insurance prices
The table below shows example monthly premiums for term-based and whole of life cover according to age.
Quotes based on a non-smoker in good health taking out £150,000 of cover:
|Whole of life insurance|
Joint life insurance prices
The table below shows example monthly premiums for joint term life insurance vs single term life insurance and the % difference in price.
Quotes based on a non-smoker in good health taking out £100,000 of cover over a 20 year term:
|Age||Joint policy||Two single policies||% Percentage difference|
As well as life insurance, you may also consider other types of financial protection for you and your loved ones in case the unexpected happens.
It’s a good idea to plan for the future and secure life insurance while expecting a new baby.
With a growing family comes a growing number of financial commitments, so it’s important to protect them.
At Reassured, we’re dedicated to helping UK families secure affordable life insurance for their loved ones in case the unthinkable happens.
We can help you compare multiple quotes from leading insurers quickly and easily so you can find a fantastic deal on your cover.
Plus, if you need any guidance with choosing a policy or have any questions, our life insurance experts are on hand to help you make a fully informed decision.
Reassured has more than 14 years’ experience in the industry and has helped protect more than 2 million families.
Our service is award-winning, fee-free and highly rated by our customers, so get in touch today for your free quotes and our best deals.
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