Expectant parents should increase their life insurance payout
Whilst many insurance companies may suggest increasing your life insurance once the baby is born, at life insurance quotes we understand the importance of increasing limits as soon as you know the baby is on the way. Whilst the excitement of bringing a new life into the world may be as far from the morbid thoughts of protecting yourself against losing life, the fact remains that people can die at anytime, and a new baby on the way will not protect against that fact.
An expectant mother for example could lose her partner during pregnancy, but this will not stop the baby being born, and the added financially pressures, which are why we would increase the limits of our life insurance anyway, so increasing it as soon as you fall pregnant makes total sense, just in case, rather than waiting until the baby is born, when sadly it could be too late.
With so many other things to think about once the baby is born, the calm before the storm of the baby being born is an ideal time to sort out life insurance and critical illness cover limits in preparation for the arrival of new life.