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question on life insurance for surrogate

insurance surrogate

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8 replies to this topic

#1 pharaohnz

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Posted 11 September 2017 - 02:40 AM

Hi,

 

Can anyone recommend any insurance company for surrogate life insurance? Are they the same as normal term life insurance? Our surrogate is about to find out if she is preganant this week but we are very unhappy with our surrogacy agency and will probably terminate our contract with them before they obtain a life insurance for our surrogate. We are just not sure if we can purchase any life insurance or they are specialised insurance not available to general public.

 

Thanks in advance

 



#2 Elle22

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Posted 11 September 2017 - 09:26 AM

What agency are you with?



#3 CdnHockeyGal

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Posted 11 September 2017 - 12:45 PM

Hi pharaohnz,

 

As you'll simply be obtaining a Term Insurance policy for your surrogate (likely a Term 10 policy) the insurance company is next to irrelevant.  Term Insurance is a disposable commodity and there is no "best" provider.  

 

In my opinion, this is the conversation I think you should have with your insurance broker:

 

i)  Request they obtain a "LifeGuide" quote which will provide you with all the rates for Term 10 ins for all companies in Canada.  You'll note the top 5-10 companies will all be within cents to a couple of dollars in monthly premium.  Pick the provider that is easiest to do business with.  I imagine you would likely see names such "Empire Life", "Wawanesa", "Canada Life", "Equitable Life", "BMO" or "Industrial Alliance" etc in that top 10 list.  Those are all fine options.

 

ii)  Worth noting - if you GC has any health history that may make insuring her a bit of a challenge (unlikely as she's your GC)...the end of the year, in my opinion, is a marvellous time for that endeavour...the best client focused decisions tend to occur in the last quarter of the year.  In my opinion, this is generally speaking where I would think you would have a preference to place that term insurance with BMO or Industrial Alliance as they generally seem to have the very best client focused decisions.

 

I wish to stress this is simply an OPINION and should absolutely not be construed as advice.  Simply my personal experience and observations.  Wishing you all the best!


It was long, awful & hard. We got very lucky and didn't run out of both emotional and financial resources. We saw some of the most beautiful of people in our lowest moments. Baby Girl arrived Apr 10/2018

#4 pharaohnz

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Posted 27 October 2017 - 09:53 PM

Hi Elle22, sorry for the late reply as we were trying to sort out various issues we have had with the agency. The agency is CFC (Canadian fertility consulting). If you want more details feel free to message me



#5 Chermc22

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Posted 17 January 2018 - 01:48 PM

I have a question as well about obtaining a policy for GC. Is it DH and I that set up the policy or does the GC go ahead and set it up? Idk why this seems so confusing to me....or maybe I should just contact a broker and they should know what I'm talking about/looking for....ugh I hate these tedious aspects of this all LOL

 

Any help is greatly appreciated!


Found out at 18yrs won't be able to carry....

 

Fast forward 2015 seriously consider SIL's offer of gestational surrogate biggrin.png

Start wait for funded cycle 2016

 

Sept 2017 - ER

16 retrieved, 3 day-6 frozen

 

Jan 2018 - FET - BFN

 

Feb 2018 - FET#2 - BFN

 

Going to take a small break - one embie left.

 

So much for a break.

 

Mar - ERA test/mock cycle

 

Fingers crossed for April FET #3 - fingers uncrossed, not happening.

 

ERA complete - waiting for results, results are in! SIL needs an extra 24hrs of progesterone! Hoping this is our answer eusa_dance.gif

 

May 2018 - FET   Wasn't able to move forward due to uncertainty in SIL's AF cry.gif

 

Fast forward a bit....

 

July 2018 - beta on July 23rd


#6 CdnHockeyGal

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Posted 17 January 2018 - 03:46 PM

I have a question as well about obtaining a policy for GC. Is it DH and I that set up the policy or does the GC go ahead and set it up? Idk why this seems so confusing to me....or maybe I should just contact a broker and they should know what I'm talking about/looking for....ugh I hate these tedious aspects of this all LOL

 

Any help is greatly appreciated!

 

Hi Chermc22,

 

My best suggestion is that you & your DH would want to be the policy owners as the policy owners have control over the mgmt of the policy (i.e. payments (ensuring it's in place), ability to cancel the insurance when no longer required) and retain control over the decision making process (monthly/quarterly/semi-annual-annual premiums...there is a modest discount to paying annually.)

 

You will also be able to request full disclosure of all pricing from all Term Insurance providers from a broker.  As an example there is NO difference between going with Company "A" versus Company "B" for term...simply that one is more expensive than the other.  You'll also want to make the management decisions on what type of Term (i.e. a Term 10) as that is less expensive than a Term 20.

 

Please note the above is simply my opinion and should not be construed as a recommendation or professional advice.


It was long, awful & hard. We got very lucky and didn't run out of both emotional and financial resources. We saw some of the most beautiful of people in our lowest moments. Baby Girl arrived Apr 10/2018

#7 Chermc22

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Posted 17 January 2018 - 03:56 PM

Thank you for the help! This is what I was thinking so its starting to make a bit more sense to me 😁
  • CdnHockeyGal likes this

Found out at 18yrs won't be able to carry....

 

Fast forward 2015 seriously consider SIL's offer of gestational surrogate biggrin.png

Start wait for funded cycle 2016

 

Sept 2017 - ER

16 retrieved, 3 day-6 frozen

 

Jan 2018 - FET - BFN

 

Feb 2018 - FET#2 - BFN

 

Going to take a small break - one embie left.

 

So much for a break.

 

Mar - ERA test/mock cycle

 

Fingers crossed for April FET #3 - fingers uncrossed, not happening.

 

ERA complete - waiting for results, results are in! SIL needs an extra 24hrs of progesterone! Hoping this is our answer eusa_dance.gif

 

May 2018 - FET   Wasn't able to move forward due to uncertainty in SIL's AF cry.gif

 

Fast forward a bit....

 

July 2018 - beta on July 23rd


#8 CdnHockeyGal

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Posted 17 January 2018 - 09:43 PM

It's a lot to navigate.  :)


It was long, awful & hard. We got very lucky and didn't run out of both emotional and financial resources. We saw some of the most beautiful of people in our lowest moments. Baby Girl arrived Apr 10/2018

#9 Chermc22

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Posted 19 March 2018 - 12:38 PM

It wounded up being easier for my SIL who is my GS to set up the life insurance by herself. They came to her place and did samples and what not. So she will pay for the insurance until she actually becomes pregnant and then we will just pay her the funds appropriately.

 

Thanks for your help!! Just figured I'd give an update in case anyone else is struggling with this!!


  • CdnHockeyGal likes this

Found out at 18yrs won't be able to carry....

 

Fast forward 2015 seriously consider SIL's offer of gestational surrogate biggrin.png

Start wait for funded cycle 2016

 

Sept 2017 - ER

16 retrieved, 3 day-6 frozen

 

Jan 2018 - FET - BFN

 

Feb 2018 - FET#2 - BFN

 

Going to take a small break - one embie left.

 

So much for a break.

 

Mar - ERA test/mock cycle

 

Fingers crossed for April FET #3 - fingers uncrossed, not happening.

 

ERA complete - waiting for results, results are in! SIL needs an extra 24hrs of progesterone! Hoping this is our answer eusa_dance.gif

 

May 2018 - FET   Wasn't able to move forward due to uncertainty in SIL's AF cry.gif

 

Fast forward a bit....

 

July 2018 - beta on July 23rd






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