No, you cannot get Life Insurance on a Fetus. The child has to be born, in most cases at least 14 days old or older before you can consider having life insurance on the child.
After the child is born, consult with your agent or broker about whole life insurance or term as there is one company which will give term insurance on a child.
When you purchase a child rider on your own life insurance policy, you are obtaining coverage for your present and FUTURE children. So in that sense, you are procuring life insurance for your child while he/she is still a fetus. However, the life insurance will not cover your child until he/she is about 15 days old.
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
You cannot get a new policy on a child until they are at least 15 days old. You can look at adding a child rider to your life insurance policy as Peggy noted - this will provide term coverage for him/her for a low additional premium (typically around $5 per month per $1,000 of coverage). Many parents look at purchasing a small whole life policy with a guaranteed insurability rider for their child.
Please feel free to contact me for assistance. Thanks very much.
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After the child is born, consult with your agent or broker about whole life insurance or term as there is one company which will give term insurance on a child.
Please feel free to contact me for assistance. Thanks very much.