Skip to main content

Pregnant? What You Need to Know About Life Insurance

2 min read
Pregnant couple

Before your baby’s first breath, he or she is already dependent on you for physical protection. Making the decision to buy life insurance while you’re pregnant can help assure   greater financial protection for him or her, too – and further safeguard yours.

As an expectant parent, you likely have more questions than answers. Although babies don’t come with a “how-to” manual or simplified summary, what you need to know about life insurance can be simplified.

Here are four common questions that soon-to-be parents often ask when deciding whether or not to buy life insurance during pregnancy.

1. Which Family Members Should Have Coverage and Why?

Life insurance helps to protect families financially should the unthinkable happen to a parent or other breadwinner. Any parent, grandparent, or legal guardian contributing to the financial support of a child or children should seriously consider buying adult life insurance.

You may also want to consider applying for children’s life insurance for your newborn, starting as early as 14 days old.

2. When Should I Buy Adult Life Insurance?

The short answer: the sooner the better. Life insurance premiums (the amount you pay monthly) are determined by your age and health considerations at the time that you apply for an insurance policy. So it can be beneficial to apply for life insurance when you are young and in good health, in order to obtain the lowest premium rate.

3. Is Whole Life or Term Life Insurance Better for New Parents?

There is no such thing as a “one size fits all” life insurance solution. Selecting the right policy and right coverage amount depends upon your family’s unique needs and circumstances.

Growing families that are on a budget but still need a high coverage amount may opt for a term life insurance policy, such as the Term Life Insurance, because it generally costs less than whole life insurance.

On the other hand, whole life insurance policies, such as the Whole Life Insurance, can cost more because they provide up to a lifetime of coverage and build cash value over time. The cash value of an insurance policy can grow into a small “nest egg” for the future, as well as a potential source of ready cash should you need to borrow against the policy.

4. Might   Stay-at-home Parents Need Life Insurance, Too?

Absolutely. A stay-at-home parent fulfills responsibilities, such as caring for children and maintaining the household, which might need to be fulfilled by paid outside help if that parent were no longer here.

As you venture into parenthood, you’ll quickly learn that it has only one certainty – it’s unpredictable. Having life insurance can help put your mind at ease, allowing you to spend time on more important things – such as tiptoeing to the bassinet or crib at 2 a.m. to watch your newborn sleep.

 

Was this article helpful?
54%
46%
View All Money Matters Articles

Swipe to see our products & get a free quote

Term Life
Term Icon

Term Life Insurance

Adults 18-70

Flexible coverage at a price that’s right for you.

Whole Life
Whole Icon

Whole Life Insurance

Adults 18-70

Keep it for life and build cash value.

Guaranteed Life
Guaranteed Icon

Guaranteed Life Insurance

Adults 50-80

Coverage for adults between 50 and 80 years old.

Accident Protection
Accident Icon

Accident Protection

Adults 18-69

Help protect loved ones without busting your budget.

Grow-Up
Grow-Up Icon

Grow-Up® Plan

Children 14 and under

Valuable protection that grows with your little one.

College Plan
College Icon

Gerber Life Insurance College Plan

Children 18 and under

Safe, secure and easy way to help pay for college.

Term Icon

Term Life Insurance

Get a free instant quote

Your quote

spinner sprite icon

Get a Free Quote

Have you used tobacco? *

* Indicates required field
** Currently not available in Delaware, District of Columbia, New York, or North Dakota

Still want to learn more, view our product page for more information.

Whole Icon

Whole Life Insurance

Get a free instant quote

Your quote

spinner sprite icon

Get a Free Quote

Have you used tobacco? *

* Indicates required field
** Currently not available in Delaware, District of Columbia, New York, or North Dakota

Still want to learn more, view our product page for more information.

Guaranteed Icon

Guaranteed Life Insurance

Get a free instant quote

Your quote

spinner sprite icon

Start here. It's easy!

Let us customize a Guaranteed Life Insurance quote just for you.

* Indicates required field

Still want to learn more, view our product page for more information.

Accident Icon

Accident Protection

Get a free instant quote

Your quote

spinner sprite icon

Get a Free Quote

Just enter the state you live in to get an instant quote.

* Indicates required field

Still want to learn more, view our product page for more information.

Grow-Up Icon

Grow-Up® Plan

Get a free instant quote

Your quote

spinner sprite icon

Get Your Free Quote Now

See how little it costs to help protect your child

* Indicates required field

Still want to learn more, view our product page for more information.

College Icon

Gerber Life Insurance College Plan

Get a free instant quote

Your quote

spinner sprite icon

Start here. It's easy!

Tell us about yourself, and we'll customize a plan just for you:

Child's Age *
Relationship to Child *
Your Age *

* Indicates required field

Still want to learn more, view our product page for more information.

We’d like to notify you about updates, videos, new products and more.

Notifications can be turned off at any time in your browser settings.