Pregnancy is one of the life changing events that a lot of fortunate women experience. It is a delicate phase especially for first time expectant moms. It also means added responsibility. Your own welfare is no longer your only concern but your family’s welfare as well. This priority shift will lead you to think about your finances. That is why a lot of women miss out on getting themselves life insurance policies when they are still single or not yet pregnant. Only when they have one on the way, do they realize the value of taking out a life insurance policy.
Nobody wants to have something bad happen to themselves and their family, but life is full of surprises. Unfortunate events do happen and when you are unprepared financially, your loved ones who are left behind might suffer from financial burden. Keep in mind that once the baby is born, there will be a lot of expenses. If something unpleasant happens to you, your husband would be left alone to pay the bills. Consider getting a life insurance during pregnancy and think of the peace of mind it would bring.
A lot of insurance companies offer life insurance for pregnant women. The only setback is that insurance companies charge a higher premium as compared to a woman who is not pregnant. The reason is that pregnant women have high risks which also mean that the mortality rate for them is high. However, this should not make an expectant mom from hesitating to get insurance. Although the ideal time to get one is before pregnancy, it is understandable that you only think about insurance once you get pregnant because it can be a bit pricy to get a policy.
It is advisable that expectant mothers get insurance policy on the early stage of pregnancy which is during the first and second trimesters. Pregnancy may give rise to complications. Insurance companies do not want that and decline coverage, while other companies who would want to, will charge higher premium rates because of the higher risks. One of the common complications that a pregnant woman may suffer from is gestational diabetes. Another is hypertension or having a high blood pressure. These complications usually start to manifest during the latter stage or third trimester of pregnancy that is why it is advised that you get insurance early.
In order to get a good deal in getting insurance, you need to show that you have a good medical condition evidenced by medical records. Complications will have a great bearing as to the amount of your insurance premium. Disclosure of all health conditions is very important because women who have had health complications in a former pregnancy might be denied compensation because of fraud. Likewise, other conditions such as women who have undergone caesarian birth in the past are charged higher premiums.
You are going to undergo medical examination which will determine your weight as well as your cholesterol levels. Pregnancy causes cholesterol levels to fluctuate, and insurance companies charge higher premiums for those who have high cholesterol levels. Even if it is advisable to get life insurance before pregnancy, it is not yet late to protect your family’s finances. You can do so by getting insurance immediately from the time that you learn that you are pregnant.
