You've found out you're pregnant. Congratulations! Now is the time to think about your future, both as a family and financially. What happens if something happens during labor or your child is left without a mother? All these thoughts run through expectant mothers' heads. You can't do anything about the risks, but you can put things in place to make sure your child is financially cared for. This is all through a life insurance policy.

Being pregnant, you know your health is slightly more at risk. You may question getting a life insurance policy—is it even possible? Here is all you need to know.

Your Life Insurance Rates Won't Likely Be Affected

If you already have a policy, you will need to tell your insurer that you are pregnant. In most cases, being pregnant won't change your rates. When it comes to buying during pregnancy, you won't usually see an increased premium quote. Most pregnancies are normal and healthy, and unless you've shown problems in the past, you will likely be treated in the same way.

Already Showing Pregnancy Complications

There are times that pregnancy complications arise rather quickly. According to Term Life Insurance Saver, between 3% and 10% of pregnant women will have gestational diabetes. There are other complications, such as preeclampsia, that you should be aware of. If you have these and don't currently have life insurance, your potential provider may encourage you to delay your application to keep the rates low.

The risk is that your pregnancy complications won't go away after delivery. This can make insurance premiums go up even further. Taking a slightly higher premium now may be worth it if your complication could continue. This is something to discuss with your doctor, who will be able to tell you about exact risk factors.

Ring Up the Insurer

If you are uncertain about how to answer any of the questions on the policy application, it's best to contact the potential insurer. After all, things like your alcohol consumption and weight will change now that you are expecting, and this will change your premium quote. You want it to be as accurate as possible for the whole term, and not just right now.

Compare premiums online. This is relatively easy with price comparison websites. Not all insurers will accept someone who is pregnant, but in most cases your premiums will not change. Your insurer just wants to know that there will be possible risks, and you need to alert them to avoid problems with getting a payout should you need one! Talk to a company like The Blondin Agency Inc - Nationwide Insurance if you're looking for new coverage or a different policy.

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