I found a great article you will want to read:
Buying life insurance is a no-brainer when you start a family, but what if the baby is already on the way? Should you apply now or wait until the little bundle of joy arrives? The answer for the mom-to-be depends on how the pregnancy is going, but in most cases the right time to buy for both parents is as soon as possible.
"The sooner, the better," says Ronald B. Lee, founder of MassMutual's Lee, Nolan and Koroghlian LLC in New York and New Jersey and a board member of the Life and Health Insurance Foundation for Education and Adelphi University.
Life insurance rates are based on age and health--the younger and healthier you are when applying, the less you'll pay in annual premiums. Pregnancy by itself generally does not affect insurability.
"Each insurance company is a little different, but if it's a normal pregnancy, most companies today will underwrite a woman who's pregnant the same as if she weren't pregnant," Lee says.
Life insurance consideration for abnormal pregnancy============================
So what if it's a not-so-normal pregnancy? Then a mom-to-be might have to wait until after delivery to apply for life insurance
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There are various types of life insurance but they all have some common attributes. You pay an insurance company what are called premiums. At your death, the life insurance company pays an amount to the people you named in your policy, called beneficiaries. Also it's interesting that if you named a beneficiary(ies) they'd receive the insurance amount free of income tax.
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