Can I get life insurance if I’m pregnant?
There are certain life stages during which getting life insurance is essential to your family’s well-being. Having a baby is one of those life-changing and rewarding experiences. Your priorities shift, and one of your greatest concerns is protecting your new little one.
Getting the best life insurance rates possible is one way you can financially protect your growing family. Quotacy is here to help guide you through the process of qualifying for a life insurance plan your family can afford, even after the little one arrives.
Can I get life insurance during my pregnancy?
Yes, most pregnant women can still qualify for life insurance even while pregnant. Quotacy has successfully worked with many pregnant applicants getting them approved for life insurance coverage.
Your best chances of getting life insurance while pregnant is to apply through a broker, like Quotacy. Brokers are not tied to one life insurance company and are able to shop the market.
Here at Quotacy we can take your online application, review it, and advise you on which life insurance company will give you the best options. Banner Life Insurance Company (Legal & General America) is one company in particular that Quotacy works with who is great with pregnant moms-to-be.
Pregnant and looking to buy life insurance? Start the process by getting a free term life insurance quote. Your Quotacy agent will work to get you the best coverage option and keep you updated every step of the way.
» Compare: Term life insurance quotes
Getting the Best Life Insurance Rates During Pregnancy
Applying for life insurance during your first or second trimester is your next best option for life insurance coverage. The further into your term, the harder it may become to get coverage. Conditions that can occur during pregnancy (such as high blood pressure and gestational diabetes) will affect how the life insurance company rates you.
» Learn more: Getting Life Insurance While Pregnant
If you have seen a physician regularly and have pre-pregnancy or at least early-pregnancy cholesterol tests that the life insurance companies can review, this will help determine your rating since your levels may be elevated during pregnancy and while nursing. Some companies are more lenient on cholesterol requirements, but proof that your numbers are high strictly due to pregnancy will be helpful. Your medical records will provide this information.
Many companies are willing to offer affordable life insurance coverage to you if you are carrying a single baby and have no complications. You may even be considered a Preferred risk class if you can meet certain criteria. Although it always depends on the life insurance company, typical Preferred-worthy criteria includes:
- Current age under 40
- Not considered a high-risk pregnancy
- No history of pregnancy complications
- No history of medical problems that require on-going monitoring or treatment
- Normal pregnancy weight gain as assessed by your physician
- Normal height/weight, blood pressure, and lab results
If you have a high risk pregnancy, or complications during pregnancy, the life insurance company may post-pone issuing a policy until after delivery.
Many carriers are willing to issue affordable life insurance coverage to you if you are carrying a single baby and have no complications.
Planning Ahead for a Family
We know that you can’t plan for every life event, but purchasing life insurance before starting a family is a good way to save yourself money. While pregnancy is not a barrier to purchasing life insurance, it can still limit your options for getting the best life insurance rates.
Temporary conditions during pregnancy can cause pricing on life insurance to be much higher than pre-pregnancy. Whether you apply before, during, or after pregnancy, we will work with you every step of the way to help you get your growing family protected.
Don’t Wait to Apply
If purchasing life insurance while pregnant brought higher costs, you can always re-apply later to see if the company will lower your rates. Most insurance companies allow you to re-apply 1-2 years after activating your policy. Going this route, you would not need to fill out a new application, but most likely will have to undergo another medical exam. To get the best life insurance rates, the new results would ideally show that your weight, cholesterol, and blood pressure levels are now back to normal.
If you do not want to wait one to two years, you can apply for a new policy and cancel your old one. This route would require you to fill out new applications, complete a new medical exam, and have your medical records pulled again. Waiting until six weeks after the birth is the recommended length of time since postpartum depression is something the insurance companies would watch for. You never know what life may bring, so we always recommend buying life insurance sooner rather than later.
Peace of Mind
There are so many things that come with a new baby. Deciding on a name, nursery items to buy, sleep schedules, the list goes on. The security and peace of mind that life insurance brings can be one thing to check off the list now.
First start by running term life insurance quotes for an estimated cost. We will help you make sure your growing family is financially protected in case of the premature death of a provider.
While death is not something one enjoys talking about, it is very important to plan for it especially if you have dependents. Consider purchasing life insurance today, it may be the one thing you wish you didn’t put off until tomorrow.
» Calculate: Life insurance needs calculator
Watch the Getting Life Insurance While Pregnant Video
Welcome to Quotacy’s Q&A Friday where we answer your life insurance questions. Quotacy is an online life insurance agency where you can get life insurance on your terms.
I’m Jeanna and I’m Natasha.
Today’s question is:
Can I get life insurance while pregnant?
Yes, most pregnant women can still qualify for life insurance even while pregnant. But it can be challenging if you don’t go with the right insurance company.
The reason why it’s sometimes challenging for pregnant women to obtain life insurance coverage is because there are conditions, like high blood pressure and gestational diabetes, that influence how an insurance company evaluates your risk.
If you have any pregnancy-related health issues, many insurance companies would prefer to postpone an application six weeks post-delivery. Waiting six weeks is typical because insurance companies also want to watch for postpartum depression. But this isn’t the case for all insurance companies.
Your best chances of getting affordable life insurance if you’re pregnant is to apply through a life insurance broker or independent agency like Quotacy. Independent brokers and agents are not tied to one insurance company. They can shop the market advocating on your behalf.
Here at Quotacy, our agents have worked with many pregnant applicants successfully getting them approved for life insurance coverage. You’ll have more options if you apply during your first or second trimester, but coverage is still available during your third trimester.
Another challenging aspect of getting life insurance while pregnant is the cost.
Let’s say you’re in your sixth month of your pregnancy and your blood pressure and cholesterol are higher than normal. You’re also 20 pounds more than your average weight. These factors alone will raise your policy premiums with most insurance companies. And if you’ve only ever come across these companies, you may be starting to feel discouraged about buying life insurance.
However, there are certain companies that will give pregnant women a break on their lab results and current weight and instead consider their pre-pregnancy records. They would review your previous years of health records to determine what your normal weight, cholesterol, blood pressure, etc. is and offer you a price based on these numbers. Going this route can save you hundreds of dollars each year on your life insurance policy.
» Compare: Term life insurance quotes
The benefit of working with Quotacy is that our agents review your application and because of our years of experience working with multiple insurance companies, we know which company will give you the best pricing. And we’ll work with you to apply to that company.
Many women end up waiting until after pregnancy to buy life insurance because of all the challenges we discussed. But if you can buy life insurance before or during pregnancy, we recommend it.
Don’t wait. Our agents can help.
Start by getting a free term life insurance quote today and apply right online. Your dedicated agent will work with you every step of the way.
If you have any questions about life insurance, make sure to leave us a comment. Otherwise, tune in next week when we talk about how to name more than one beneficiary on your life insurance policy. Bye!
Photo credit to Ben Grey
About the writer
Writer, Editor, and Co-host of Quotacy's Q&A Fridays
Natasha is the content manager and editor for Quotacy. She has been in the life insurance industry since 2010 and has been making life insurance easier to understand with her writing since 2014. When not at work, she's probably studying and working toward her Chartered Life Underwriter (CLU) designation while throwing a tennis ball for her pitbull mix, Emmett, or curled up on her couch watching Netflix. If it’s football season, the Packers game will be on. Connect with her on LinkedIn.