Soon you will be able to hold the baby in your arms. When a small child appears, I am sure that we all want to offer him only the best. Child insurance, i.e. health insurance and child benefit, will provide the child with protection against illness and accidents throughout his life. Can you get life insurance on an unborn child?
You can apply for an unborn child’s policy after having been examined for structural fetal anomalies up to the beginning of your child’s birthday. The mother must be less than 46 years old on the calculated date of birth and participate in all prenatal and screening tests offered.
Child insurance also ensures mother’s safety
The conclusion of an unborn child policy also ensures the safety of the child’s mother. The policy also includes expenses for the treatment of expectant mothers when they are necessary for the child’s state of health. For example, your child’s insurance includes treatment for gestational diabetes, so you can focus on your child without worrying about expenses.
Are you a mother who loves to travel? This is also ok during pregnancy. If you are traveling during pregnancy, be sure to take out a travel insurance policy for yourself and your unborn child.
Helps to apply sooner rather than later
In many cases, pregnancy does not affect life insurance premiums. But if complications occur later in pregnancy, life insurance may be more expensive. A history of complications such as gestational diabetes can affect your bonuses even later when you are not pregnant. And that’s why, if you’re considering coverage, it’s best to apply as soon as possible. This may result in more affordable contributions. And it will absolutely give you peace of mind (something that you will especially appreciate as a future parent).
Which reminds us, honesty is always the best policy when it comes to applying for life insurance. Being pregnant is not something that you should worry about hiding in the application or during a medical examination (it cannot hurt to inform your phlebotomist / examiner that you are expecting). Honest answers will lead to better application handling.
When life insurance for babies makes sense
However, there are some strong arguments for buying at least a small life insurance policy for a newborn baby. The first is to have money in the event of the absolute worst, and the child will die young. Death is expensive, quoting playwright Tennessee Williams, and is growing every year. From 2019, burial procedures and costs typically range from $ 7,000 to $ 12,000; The average funeral today costs about $ 9,000, much more than about $ 6,000 at the turn of the 21st century. A death benefit from a child’s life insurance policy can cover these sad costs. In the event of a long-term illness, it can also compensate parents for medical expenses not permitted by health insurance, helping them to avoid onerous debt.
In addition, life insurance is cheaper, the younger it is insured. Some parents prefer to block the low premium so that the child has affordable insurance when they become adults. Increasing your existing policy is often more economical than buying a new one.