What You Should Know about Women and Life Insurance
Women have made great strides in the last half-century, gaining greater and more powerful positions in male-dominated workplaces and becoming the primary financial decision maker in many households. 80% of women consider themselves well versed in life insurance and over 70% believe that life insurance is important for the security of their family.
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Growing gap about the importance of women's life insurance
Despite these positive facts, there are signs that there's a gap between women knowing about the importance of life insurance and knowing how much they actually have. Only 56% of married women have actually discussed their life insurance policy with their spouse and 46% of women working full-time have never taken steps, such as getting a life insurance quote, to finding out what coverage they need. There are some other concerning figures too, such as the fact that a working woma n, on average, receives only half the death benefits from her job's life insurance policy than what a male would receive.
Steps to take in obtaining women's life insurance
By taking steps, such as talking to your husband, requesting a quote or talking to a life insurance agent, you can find out exactly what you have and what you need. By just assuming that your spouse's life insurance policy will take care of you, you can be running a great risk. Over 80% of widows who live below the poverty line say they were not poor when their husbands were still alive.
Both men and women underestimate what they would actually need if one or the other were to pass away suddenly. You can bridge the gap between knowledge and taking action by making a list of your monetary debts and needs and comparing them to your current coverage. Then request a free quote from Women Life Insurance, see what other options are out there or those that you haven't even considered yet.