Have you talked about the what if’s yet? Chances are, you haven’t. And with baby on the way, now is the most important time to consider what you’ll do in case the worst ever happens.

So if you’re considering life insurance, or already have a policy, here are the top three reasons you need to make this discussion a priority with your partner. Planning for the future has never been so important.

1. Do we really need life insurance?

Let’s face it, insurance is a big deal. While it might feel like you’re giving money to a cause you might never need, it’s important to remember why you have life insurance in the first place: just in case the worst should happen. Think of the happiness and security you can bring to your family after you pass away (should that happen) with a good solid life insurance policy. Address the issue seriously and with commitment.

2. What type of policy should we look into?

There are many types of life insurance policies, so it’s important to know what you’re getting before you agree to anything. The easiest and least expensive policy you’ll encounter will be for your baby; we spend around $80 a year on a policy for our children.  For the new mommy and daddy it might get a bit more complicated. In my household we chose a combination of term, whole, and mortgage insurance.  If you are strapped for cash or running into trouble holding onto money each month, small term policies are available that will help cover the funeral expenses should either of you pass away unexpectedly – it’s better than nothing!

3. If we get insurance, what else do we need?

Once you’ve discussed and agreed on a life insurance policy, it’ll probably be time to take a look at your health insurance policy to make certain all the hospital expenses you’re about to incur will be covered and that you have notified the insurance carrier of the new baby’s arrival. Take the time to review your auto insurance prior to bringing your new baby home; it’s very important to make sure you have all of the protection you and your growing family will need.

Though it seems scary, you will survive, and you will love every minute of it – trust me. All this preparation is just in case. And while it might not feel good to prep for the worst, later in life you’ll be glad that you did. I have yet to meet a man in his 80’s who regrets the time and money he spent or worked for to care for his family!

What other tough discussions did you and your partner have before baby?

Plus, more from The Bump:

Do We Need Life Insurance Before Baby?

Financial Prep Checklist Ever Parent-to-Be Needs

Your Guide to Taking Care of Finances Before Getting Pregnant

This morning, the Supreme Court upheld the Affordable Care Act (also known as Obamacare), ruling that it is, in fact, constitutional. The health care law seeks to extend health insurance to millions of Americans, but it also contains a controversial mandate that requires all individuals who aren’t covered by an employer or government-sponsored insurance plan to obtain health insurance or pay a penalty fee.

-No insurance? You’ll pay higher taxes. The mandate requiring everyone to have health insurance will exist as a tax. So if you refuse to obtain health insurance, you might end up paying a higher tax.

-It’s no biggie if you or someone in your family has a chronic condition. If you have a pre-existing condition, you’ll be able to receive health insurance and you won’t have to pay more because of your health history. And yes, your employer is required to provide you with health insurance.

-Low on funds? You’ll get help. If you’re having trouble financially, the government will help you pay for health care. You’ll get free coverage if you earn up to 133% of the federal poverty level. And if you earn 133% to 400%, you’ll be eligible for federal aid so you can buy coverage.

-Goodbye gender rating. In some states, women have to pay more for insurance than men. With the ACA, everyone will pay an equal amount.

What do you think of the health care ruling? How do you think it will affect your family?