What Are Some Reasons An Expecting Parent Should Get Life Insurance? 
As a parent myself I do n't want to leave any financial burden for my family . I always look at four items when I sit down and design a life insurance plan . 1 -RRB- Debt 2 -RRB- Income 3 -RRB- Mortgage 4 -RRB- Education . If either parent dies prematurely we know that we will pay off debt -LRB- ei . . car and student loans -RRB- , replace your income or a fund for daycare if we have a stay at home parent , pay off the house and develop funding for future college needs . In regards to insuring the newborn it would be to guarantee the child 's insurability . Meaning if the child has a major medical condition we are able to ensure we have a life insurance plan in place for the rest of the child 's life . As the child may not be able to buy coverage due to poor health in the future . Many policies have what 's called a Guaranteed Insurability Rider . At certain ages or milestones you can increase the death benefit without underwriting . 