Would protection policies and medical insurance cover complications during and after pregnancy?
Although I have no known medical reason to believe that I might have trouble conceiving or carrying a baby to term, I have a family history of miscarriage and want to make sure that my unborn baby and I -even would be covered for any medical treatment, if we need it.
My partner and I want to start trying for a baby and want to have the best blanket in place before we start as Covid has made us particularly worried and anxious given the horror stories about being pregnant and alone for the pandemic.
Does such a policy exist, and would it pay for us to go private? By email.
Pregnancy cover: How to get the best possible level of cover for a pregnancy?
Oliver Raynor, managing director of Caspian Insurance, responds: It is important to note first that financial protection and private health are two completely different types of coverage.
Most life insurance providers will have the option of covering your children as part of your critical illness insurance policy.
Insurers like Royal London also offer the option of adding enhanced critical illness cover for children.
This type of cover would pay lump sums – for example – the standard £5,000 for pregnancy complications such as ectopic pregnancy with surgery to remove the fallopian tube, fetal death in utero after at least 20 weeks gestation, stillbirth and more.
The baby is then covered from birth for 44 main conditions and 24 additional conditions, including types of cancer and Down syndrome.
Oliver Raynor, chief executive of Caspian Insurance, says there are enhanced critical illness benefits that pay for pregnancy complications
The policy would also cover conditions diagnosed at birth and beyond and pay 50% of the sum insured (the amount for which you are covered by your own critical illness insurance policy) between £30,000 and £50,000 , depending on the state.
So, in essence, it could help cover treatment or living costs if you need time off from work.
Your own critical illness cover will also be in place to cover you and your partner if one of you is diagnosed with a defined critical illness.
For example, if your partner becomes seriously ill while you are pregnant, having a critical illness insurance policy could allow both of you time off from work to help you recover and reduce any additional stress. .
Most providers do not ask specific pregnancy-related questions on their medical application, however, if you have been hospitalized or have undergone tests/investigations due to pregnancy complications, details of this may need to be disclosed. Talking to a qualified protection specialist could help you through this process.
Angélique Ruzicka of This is Money adds: In addition to the protective cover mentioned above, private medical cover can be considered in the event of complications during and after childbirth.
Chris West, Team Leader at Cavendish Online, says: “Although the NHS is an institution, we are all rightly proud of it, when you reach the stage in your life where you would like to consider starting a family, you want to make sure you can get the highest level of care possible. This is where a private medical insurance policy really shows its value.
“These policies can cover all sorts of medical treatments, including diagnostics, therapies, outpatient treatment, among many other benefits that can be used to support you and your family during what can be a very difficult time. “
Free parental life insurance
Although it doesn’t cover complications during childbirth, you may want to consider adding Parental Life Cover, which is offered free by some providers, to your portfolio of protection once you’ve given birth.
Aviva has offered this free benefit since 2009 and there may be other providers who might offer it postpartum, so it may be worth researching online then.
Aviva offers free life insurance to parents from a child’s birth until their fourth birthday. The downside is that it only lasts 12 months and won’t be enough to pay off a large loan like a mortgage, so you need to consider your other financial obligations if you don’t have any cover in place.
The advantage of parental life insurance is that it is free, that both parents can subscribe to it and that it is simple and quick to subscribe. Don’t assume this will be enough to cover all your debts and future financial liabilities if you die.
Don’t forget the benefits
Finally, check what coverage you offer through the job.
If you both work full-time, check to see if either of your employers has provided you with benefits such as death in service coverage (through a group life insurance plan ) or enhanced sickness benefit.
If you don’t qualify for this work allowance and decide to purchase your own life or critical illness insurance product, consider joint and individual coverages and compare them to find the best fit for you.
Don’t buy the cheapest life insurance coverage – it may not be the best for you and your family. Paying a little more can also provide additional benefits for you and your family, such as 24/7 GP services, which could prove invaluable when you have children.
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