Life Insurance for LGBTQ+ Families: What You Need to Know

jbstevenssfg
Aug 6
2 min read

Let’s be honest—life insurance hasn’t always been inclusive. From outdated underwriting to heteronormative paperwork, it’s no wonder many LGBTQ+ folks assume life insurance just isn’t for us.

But that’s changing—and so are we.

I'm Jeremiah, your Daddy Bear Insurance broker, and I’m here to make sure our families, our partnerships, and our love stories are protected—without judgment or red tape.

🌈 What Makes LGBTQ+ Families Unique?

We love differently. We build families differently. We plan differently. And that means our insurance needs look a little different too.

Here’s why tailored, LGBTQ+ friendly life insurance matters:

You may not be legally married (but you live like you are)
You may be raising kids together without both being legal parents
You may rely on chosen family instead of biological relatives
You may be dealing with past health discrimination or trans-related exclusions

💬 Life insurance should reflect your reality—not just what society says is “normal.”

🏳️‍🌈 You Deserve Protection—Just Like Everyone Else

Let’s break this down: Life insurance for LGBTQ+ families means your partner, kids, or chosen family don’t lose financial security if something happens to you.

A policy can help cover:

Mortgages or rent
Childcare or education costs
Lost income
End-of-life expenses
Future dreams (like adoption, home buying, or travel)

💡 Term vs. Whole Life for LGBTQ+ Households

Here’s a quick cheat sheet on the two most common types:

🕒 Term Life Insurance

Affordable
Covers a set time (10–30 years)
Great for younger couples, debt protection, or raising kids

💰 Whole Life Insurance

Lasts your whole life
Builds cash value
Can be used for legacy planning or retirement income

Not sure what’s right for you? That’s what I’m here for.

👨‍👨‍👧‍👧 Who Should You Name as a Beneficiary?

Here’s where things get powerful: you choose. Unlike wills or default laws, life insurance lets you decide who gets protected.

You can name:

A partner or spouse
A child (or their legal guardian)
A best friend, sibling, or chosen family member
A nonprofit you believe in
Even a trust for more complex planning

And yes—you can name more than one person.

✨ Trans & Nonbinary Inclusion Matters

If you’re trans, nonbinary, or gender-expansive, you may have faced discrimination with other providers. But with the right carriers and the right advocate (hi, that’s me 👋), you can absolutely get affordable coverage that honors your identity.

I work with 80+ A+ rated insurance companies, many of which offer inclusive policies and underwriting that recognizes you as you are.

🐻 Why Work with an LGBTQ+ Affirming Agent?

Because you deserve someone who gets it. Someone who doesn’t flinch at the words “chosen family” or ask weird questions when your partner isn’t legally on your lease.

With Daddy Bear Insurance, you get: