It’s not something any of us want to think about, but signing up to life insurance when you’re pregnant or have just given birth is something expectant or new parents should give some serious thought. It’s surprisingly inexpensive, provides peace of mind and ensures your family’s financial security.

You insure your car and home in case something happens, so what about your life? A child loses a parent every 22 minutes – and while the likelihood of you or your partner passing away is low, getting life insurance ensures that your family’s financial future is protected, helping to ensure they can keep the family home, give you peace of mind and much more. Discover five reasons below why pregnant or new parents should get life insurance.

Provide Financial Security for Your Family

Should the unthinkable happen, you know your partner will be safe in the knowledge that they don’t have to worry about the loss of an income, as your life insurance will pay out a lump sum for you.

Save Money Sooner

The sooner you take out life insurance, the more you’ll get for your money. Unlike other insurances, premiums are fixed and don’t increase each year and the sooner you get life insurance the less expensive it should be. Premiums will also stay the same even if your health doesn’t. That means no nasty annual price increases or shopping around each year for a better deal.

Peace of Mind

Your family won’t need to worry about paying the mortgage/rent, any bills, debt, funeral expense or school fees if you take out life insurance.

It’s Surprisingly Inexpensive

Even if you already have life cover, it’s worth reviewing this now if you’re increasing the size of your family as often your circumstances or commitments may have changed since you originally took out the protection insurance. Make sure you are covered.

Provide Savings for Your Baby

Should the worst happen and something happens to you or both you and your partner, life insurance can ensure your child or children have a savings cushion and savings pot for their future.