Frequently Asked Questions
About IVF Surrogacy
Frequently asked questions about Life Insurances & Income Protection for IVF Surrogates & Intended Parents living in Australia.
Can I insure my Surrogate living in Australia?
Can I insure my surrogate who is living in Australia?
Yes.
For people with Surrogates we can provide specialty life insurances to help build a safety net under them and their own families, while they carry a pregnancy for you. There is no need for a pre-assessment.
Just send us an email and we'll organise the rest.
Can I insure myself if I'm currently travelling overseas but am a resident of Australia?
Can I insure myself if I'm currently traveling overseas but am a resident of Australia?
Yes.
For people using the services of a Surrogate, we can provide specialty life insurances to help build a safety net for them and their own families, while they carry a pregnancy for you. There is no need for a pre-assessment.
Just send us an email and we'll organise the rest.
Should I consider insuring myself and my surrogate with a personal insurance policy?
Should I consider insuring myself and my surrogate with a personal insurance policy?
Yes.
It's important to protect everyone involved in a surrogacy agreement against the statistical risks of one of the adults involved unexpectedly passing away, losing their ability to continue to earn an income or even becoming disabled.
What types of insurances are covered by the umbrella term ‘life insurances’ in Australia?
What types of insurances are covered by the term ‘life insurances’ in Australia?
The phrase ‘Life Insurances’ is an umbrella term covering 4 main types of personal insurance policies, each designed to protect against a specific known risk to a person.
- Life insurance - protecting against unexpected death or terminal illness
- Crisis Recovery Insurance - protecting against a list of known serious medical issues like Heart Attack, Cancer and Stroke etc.
- Income Protection - protecting a person’s ability to continue to earn their income
- Total & Permanent Disability (TPD) - protecting against a long term disability
What's the chance an intended parent or surrogate might need to claim on a policy?
What’s the chance an intended parent or surrogate might need to claim on a personal insurance policy in Australia?
The statistical chances of you needing to claim on your personal insurance policy in Australia are;
- 1 in 3 chance of needing to claim for Critical Illness
- 1 in 4 chance of needing to claim for Income Protection
- 1 in 10 chance of needing to claim for Life insurance or Terminal Illness
- 1 in 20 chance of needing to claim for Total & Permanent Disability (TPD)
- Can I pay the premiums for life insurance on behalf of a surrogate?
- Can my surrogate’s life insurance include disability (TPD) insurance cover as well?
- Who should legally own the policy on the life of a surrogate?
- Can a surrogate nominate a beneficiary when their life insurance is paid by a different person?
- Can you insure the health of an unborn child?
