Changing life insurance when pregnant

[Polkapot]

I’m currently 20 weeks pregnant and have been told I have a low lying placenta/placenta previa.

I currently have life insurance in place which is a single policy for life and critical illness cover, for me only. DP and I are in the process of purchasing a house and need to change our policies or cancel them and take out a joint policy.

I have done a bit of reading and from what I understand, when I disclose to the new provider that I am pregnant with a complication they will either put that as an exclusion or delay my application until babies here.

With this in mind, should I keep my existing life insurance policy? Do I need to let my existing provider know about my pregnancy complication? Thanks

Could DH just take out a policy for him? Is there a reason it has to be one joint policy?

Best to take out a separate policy for your husband and look at combining then in future.

I would leave yours as it is, if you get a new policy there’s sure to be a time limit clause for claiming, should anything happen. You could maybe add his to yours, but don’t cancel yours.

Thanks, my current policy only insures me for around half the value of the new mortgage as it was taken out when I owned my old property.

I will keep this in place now and will get DP to take a new policy for the correct level of cover for himself. I will also take a separate policy for myself for the new amount however I will need to declare my existing condition which will likely either be an exclusion on the policy or deferred until after I have the baby I believe. At least if the worst happens I still have my existing policy!

You need to make sure you each have cover. Not joint. If you’ll have a kid, you’d want to get a payout for both your deaths. And if you’re not married, definitely make sure you’re named as the beneficiary on each others policy, and any policy offered by your work , and get wills as you don’t automatically inherit if not married. Can’t your DP just get their own policy for now, so you don’t have to change yours?

Thanks, DP already has his own policy but will need to change it/get a new one for a much higher level of cover. Having done a bit more research I believe it’s better to have separate policies rather than a join policy as we’re not married