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Are you expecting a new child but worried you won’t have enough life insurance to cover your growing family? If so, keep reading to find out what you need to look for when choosing or updating a life insurance policy.

Question #1: Do I Need Term or Permanent Coverage?

Term life insurance gives you protection for a specific period. Most term life insurance policies only pay a benefit if you pass away during the “term.” Term life insurance is usually cheaper than permanent insurance, which makes it an ideal option for young families that don’t have a lot of extra money to spend. With permanent insurance, your covered lifelong and have the option to accumulate cash value on your policy on a tax deferred basis. You should consult with one of our friendly insurance administrators to determine which option is right for your situation.

Question #2: Do Working Moms Need Different Coverage Than Stay-at-Home Moms?

Whether you plan to go back to work after your pregnancy or stay at home to care for your newborn, you will need life insurance to protect your loved ones in the event that you pass away. From the income you earn from your job to childcare expenses, there are a number of costly expenses that need to be replaced when a mother dies. That is why it is vital to have a comprehensive life insurance policy to supplement the valuable contributions you make to your household.

Question #3: Is Insurance Coverage Through My Job Enough?

Most group insurance policies people get at work only provide one or two times your salary, which won’t last very long unless the family you leave behind has access to additional funds. Another drawback of group life insurance is that you can’t keep your coverage if you quit or get fired. If you frequently change jobs, then you will need more life insurance than what is offered through your current employer.

Question #4: Are There Policy Restrictions for Pregnant Women?

You can usually obtain life insurance if it’s still early in your pregnancy and you haven’t experienced any medical complications. If you’re further along or have encountered medical issues throughout your pregnancy, it may be harder to secure coverage. If you are planning to have children, you need to consult with our professionals so we can get you covered as soon as possible.

Are you ready to discuss your situation with one of our insurance administrators? Then give us a call today at (888) 451-0883 to schedule your appointment with a friendly professional.