Having a child can trigger a lot of financial changes in your life and reassessing your life insurance needs in Laurel, MD is important to do after you have a child. However, you could be losing money by waiting until after your child is born to get life insurance and it may be best to get a policy before your new baby arrives.
Life insurance in Laurel, MD goes up as you age. Being younger usually means being healthier so you can get cheaper life insurance policies. Even waiting just a few years can add $10 more per month. If you jump the gun and get life insurance many years before your first child is born then you are saving a lot of money in the long run.
Buying life insurance before you have children is even more important for a woman. Weight can affect your health insurance premiums and getting pregnant means weight gain and many women keep some of the weight on after pregnancy. Just because you’re pregnant, the life insurance company doesn’t take into to affect. They take the weight at face value, whether there is a baby or not. However, many life insurance companies will let you take a new medical exam after a year so if you can demonstrate weight loss, you may get lower premiums. An agent at Mid Atlantic Insurance Financial can help you with the requirements for the medical test. Pregnant women can also develop other health problems, such as high cholesterol and blood pressure, which can also increase premiums.
When you and your partner decide to actively start trying to have kids, also get life insurance. If your first child is more of a surprise, you want to get life insurance as soon as possible.
Contact Mid Atlantic Insurance Financial to get a quote on life insurance.