If you are able to afford it, it is possible to buy
coverage for your child while you are from the second trimester. This provides coverage for pregnancy
complications, some childhood diseases, and death. In some policies, it is a rider on a policy
where the actual life insured is the mother. Within a certain period after birth, the life
insured can be transferred to the child, or there is an option to buy coverage
on the child with no or minimal underwriting.
In principle, it is always better to get coverage from as early as
possible. This hedges against exemption
from preexisting conditions. Also, the
premiums are cheaper the longer the payment period.
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