Expectant parents: You can now add life insurance to your baby registry

Clark Howard Staff | July 27th, 2018

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Editor’s note: An earlier version of this story indicated that the life insurance being offered through Babylist was intended to cover the baby, when it is instead is coverage for the expectant parents. While Clark has long said that you should not insure your children, he is adamant that parents should be insured to protect their children in the event of their deaths. We apologize for the error.

When you’re expecting a bundle of joy and creating a baby registry online, there are a few indispensables you’ve got to put on there like an infant car seat, a stroller and baby bottles, among other things.

Life insurance should fall into that must-have category.

One popular online baby registry agrees and has partnered with Prudential Life Insurance to offer it as an option in your registry.

Babylist, the nation’s fastest-growing baby registry, is teaming up with Prudential to offer the first life insurance policy that new parents can add to their registry.

With the touch of a button, you put a registry request for infant life insurance right next to your request for college savings, parental leave and even a doula to help deliver your baby!

The infant life insurance policy can be crowd-funded by family and friends who make a one-time donation ranging from $150 to $350.

The money that’s collected can then be applied to the life insurance premium for the first year and any additional years, if there’s any left. However, making continued payments on the policy is your responsibility.

The bottom line is that if you have a child on the way, you should have life inssurance. You need it regardless of whether you’re going to be the income earner in your family or the stay-at-home parent.

There’s only one kind of life insurance product Clark recommends, and it’s the kind where the rate you lock in today will never go up over the life of the policy. Get full details here.