The Importance of Life Insurance for Expecting Mothers

 ​life insurance for expecting mothersWhen it comes to starting a family, there are many things that may be running through any expectant mother’s mind: the unborn baby’s health, furnishing a nursery, buying necessary items, such as clothing, diapers and baby wipes.

Something that may not be on a mother’s mind, however, is life insurance, yet, a good policy may be the single most important investment a mother could make.

This week, we’re discussing the importance of life insurance for expecting mothers. Let’s begin…

Life Insurance for Expecting Mothers

Motherhood is undoubtedly an exciting time in a woman’s life. For mothers everywhere – whether you’re a single mom or you have a spouse/partner to join you – embarking on this next chapter with a brand new baby can be both intimidating and exhilarating. You want to know that your little one is always taken care of, even in the face of disaster — part of doing so involves purchasing a life insurance policy that’s hefty enough to take care of the expenses of raising a child. This includes having the funds to pay for food, clothing, shelter and education, just to name a few.

That said, your absence is about more than making sure your child is taken care of.

Life Insurance for Mothers + a Spouse/Partner

If you’re leaving behind a spouse or partner, he/she will need funds to ensure your funeral costs are covered, along with the additional money required to make up for any income you brought to your household. Finally, your spouse/partner may need grief counseling to help him/her manage the emotional stress of raising a child as a widow – an expense that life insurance can help manage.

Life Insurance for Single Mothers

If you’re a single mother, financing your baby’s upbringing may be your main priority, but you may also want to consider how your life insurance policy can support your child’s guardian – be it a relative, friend or adoptive parents. This way, you can ensure your child and his/her new family is well off enough to enjoy the sweeter things in life with your little one, like family vacations, extravagant birthday celebrations and more.

Facts About Life Insurance for Expecting Mothers

Unfortunately, being an expecting mother who wants to invest in a life insurance plan isn’t as cut and dry as it may sound. Consider these facts before you pursue a policy of your own.

  • Pregnant women can only purchase life insurance during the first two trimesters of her pregnancy.

  • Complications caused by pregnancy, such as gestational diabetes or preeclampsia, may raise your policy rates.

  • If a pregnant woman is denied life insurance due to any pre-existing or arising medical conditions, her spouse/partner can take a life insurance policy out on him-/herself for his/her family instead.

Start Your Journey Today

Investing in a life insurance policy is about hoping for the best in life but preparing for the worst – putting a contingency plan in place to ensure your burgeoning family is taken care of if the unspeakable happens.

If you have any questions about investing in a life insurance policy, or if you’re ready to start the policy process, reach out to us for guidance. Our team is available to ensure you receive the best rates for your budget and situation.


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