I Could Have Used Life Insurance True Story: Before I Got Pregnant

Life insurance is one of those things you don’t want to learn how important it is once it’s too late. But that doesn’t mean we know all the right things to do when it comes to getting a policy.

According to a nationwide study, over a third of respondents, if they had a life insurance policy, didn’t know what kind of policy they had. And though 70% felt confident that their insurance companies would pay out if the need arose, only 34% felt sure that they would know how to collect a payout.

Do you fall into this confused category? If so, it’s crucial to educate yourself about life insurance, especially if you have people who depend on you like your kids.

Here’s the first part of the three people who shared their stories about life insurance and how it could have—or did—make all the difference.

I Wish I’d Gotten Life Insurance Before I Got Pregnant

I knew that having our first child meant that getting life insurance should be a top priority for both me and my husband. We researched policies, got a quote for an affordable term life insurance policy and had our medical exams. Imagine my surprise when, a few weeks later, the agent called me back and told me my new “adjusted” rate.

The cost of my policy had gone from a reasonable monthly fee they’d quoted me—to nearly four times that amount. The reason, he said, was that my cholesterol levels were high. I called my doctor in a panic. “Cholesterol levels always spike during pregnancy,” she reassured me, “and they probably won’t be back to normal until a few months after you give birth.”

After doing some research, I found that it’s nearly always better to get a life insurance policy before you get pregnant to avoid potential price hikes brought on by temporary conditions during pregnancy. While some companies will account for the fact that you gained weight due to the pregnancy, factors like higher blood pressure or postpartum depression can also affect your ability to get the best rates.

Now my daughter is three months old, and I’m still waiting for my numbers to dip before starting again. I really wish I’d known to start this process when trying to conceive instead.

Forget what happened yesterday. Make the change today and reap the fruits of your investment in the future!

Talk to a financial consultant

Story from Forbes

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