Frequently Asked Questions
About IVF Surrogacy
Frequently asked questions about Life Insurances & Income Protection for IVF Surrogates & Intended Parents living in Australia.
Is having a Genetic Test a problem when applying for Life Insurances?
Is having a Genetic Test a problem when applying for Life Insurances?
No.
Some people may have been put off from having a genetic test and missing a diagnosis and possible treatment for serious illnesses, such as cancer, because of concerns the results of the test may exclude them from obtaining insurance cover.
Life insurers are currently banned from requiring applicants for insurance to disclose the results of any genetic tests they may have and this ban will last until June 30th 2024 when it will be reviewed.
When should I start the insurance application for my surrogate?
When should I start the insurance application for my Surrogates insurance policy?
Everyone's personal situation is different so getting a life insurance policy in place can sometimes be unexpectedly complicated by delays in collecting historical health information.
As a result we always recommend applying for cover at least 6 months before the medical procedures for the pregnancy have begun, to allow for assessments and unexpected delays in collecting past medical histories etc.
Does all existing Income Protection Insurance automatically cover IVF complications?
Does all existing Income Protection Insurance cover IVF complications?
No.
Income Protection Insurance policies vary in quality, what they cover, and how they each define a sickness as it relates to a pregnancy. An Uncomplicated Pregnancy is a difficult term to define and every insurance provider will have a different approach as it relates to IVF procedures and possible complications. This is why you need to work with a specialist risk adviser at Unusual Risks Insured who understands the complexity that can be Income Protection Insurance and Pregnancy.
