We offer Term Life insurance for surrogates and egg donors. Unlike a short duration policy, our term life insurance protects an insured’s loved ones long after a fertility journey ends. Many policies can be issued with minimal medical underwriting and no medical examination.
Many surrogacy arrangements require some form of life insurance for the gestational carrier. Paramount offers two types of policies to satisfy this need.
1) Term life: Traditional full coverage life insurance that provides protection for a specific period of time (term). These policies generally cover any cause of death. The term may be from 10 to 30 years, thus providing affordable financial protection during times of high vulnerability. The cost of insurance and the desired death benefit remain constant throughout the length of the term. The life insurance policy remains active so long as the premium is paid or until the term expires. There is no obligation to continue the policy if no longer needed. Some policies are issued with minimal medical underwriting while others require a medical examination to secure the best rate.
2) Accidental Death Insurance: Underwritten by Lloyd’s of London and available with coverage designed for gestational surrogacy, this policy is issued with no medical underwriting or examination. Death benefits can be paid to intended parents as well as to the surrogate’s beneficiary. Optional coverage is available for disablement or loss of reproductive organs. These policies are written for an 18-month term with the option for extensions. The application process is quick and easy through our online portal.