Comments on $aving to Invest: Insuring pregnancy - is this going too far?

@ becky, thanks for your very personal comments. I...

2008-04-27T20:01:00.000-04:00

@ becky, thanks for your very personal comments. I think your profile would be one of the targets for this type of insurance and I agree with your stance. Maybe its superstition, but taking out insurance seems a bit morbid.

@ Tim, I am sure there are a number of pre-qualifying factors. Yes a mothers health and genetic backgound is factored in. You can see more here

@ enought wealth. A very practical approach and I guess if you do have a kid with serious birth defects than this money would go some what to help releive the finanical burden. I don't want to offend others, but as I am not a very religious person I would personally question carrying to full term a child who will have serious birth defects (based on 3 month scans). This is my view only.

@ anonymous - Agreed. Still I hope their marketing is ethical and does not take advantage of certain groups.

Becky, Tim and Enough wealth thanks for stopping by and I enjoyed your blogs well.

the insurance companies are going to market this a...

2008-04-27T18:10:00.000-04:00

the insurance companies are going to market this anyway so like any financial product you need to weigh up the pros and cons based on your own personal situation.

We had our two kids when we were in our late 30s a...

2008-04-27T00:46:00.000-04:00

We had our two kids when we were in our late 30s and early 40s, and we were very conscious of the increased chance of Downs' and other age-related risks. If either of our kids had serious birth defects or other expensive long-term care issues it would have been a signficant financial burden. Therefore, insurance would have been a sensible option if it had been available (similar to my life, TPD, loss of income, health and other insurances).

I'm not sure there's so much benefit in insurance against death though, as this is more of an emotional than fiscal cost. I suppose it could help if there were extra costs resulting, such as for another round of IVF.

The actual chances of a pay-out on this type of insurance would be quit low, so the insurance premium should be affordable.

This is another interesting insurance venue. I won...

2008-04-26T22:57:00.000-04:00

This is another interesting insurance venue. I wonder what goes into underwriting it, for example what types of factors do they look at? I imagine they take the mothers health into account, and I wonder if they also look at the possibility of genetic disorders and stuff?

I will be honest with you; I lost my first child a...

2008-04-26T22:53:00.000-04:00

I will be honest with you; I lost my first child at 36 weeks pregnant due to a cord accident. I'm not saying that I would have bought the insurance because no amount of money would have made the situation any better. I became pregnant again shortly after this loss and now have a son. I am also due in just a matter of weeks with another boy. I would not have purchased this insurance, even though I am particularly skiddish about being pregnant since that first time.