What Are Some Reasons An Expecting Parent Should Get Life Insurance? 
An expecting parent has at least 20 years of reasons for life insurance ahead of them . Would there be enough income to pay for good childcare if one parent passed ? How about basketballs shoes , cheerleading outfits , study guides for the SAT ? How about college ? Most expecting parents have not had time to build up a good nest egg before the birth of their first child , and it is really hard to grow it while raising children . Life Insurance provides a large , immediate source of income upon death , and has a very reasonable price at your age . Since your need is limited , 20 to 30 year Term insurance would suffice on each of you , and that is very affordable . If you like , you can add your baby to the policy for about $ 5/month , and that will ensure that he/she is able to get life insurance for the rest of his/her life , even if he/she would develop an uninsurable health condition later on . Such an exciting time and what a lucky baby to have such thoughtful parents . Wishing you all the best . PS You will probably need to wait until a few weeks after the baby is born for Mom to get her policy . 