If you are a man or woman expecting a baby, you probably plan to purchase life insurance. However, you may wonder whether you should do so before or after the baby arrives.
The general answer is to buy life insurance coverage as soon as possible. Life rates depend on health and age, so the younger and healthier you are, the cheaper your rates will be. Meanwhile, most insurance companies will underwrite healthy pregnant women for the same rate as they would if she were not pregnant, so there is no cost savings in waiting until after the baby is born.
If a woman experiences pregnancy complications, including gestational diabetes or eclampsia, however, it might be advisable to purchase life insurance coverage immediately after the baby is born when the mother’s health returns to normal.
Fathers should purchase life insurance coverage immediately upon learning that there is a baby on the way.
If you live in Thousand Oaks or Westlake Village, California and have questions about life insurance coverage facts, contact Integrity First Insurance to learn more today.