g Text Version
Beauty & Self
Books & Music
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
News & Politics
Religion & Spirituality
Travel & Culture
TV & Movies

Bored? Games!
Take a Quiz
Rate My Photo

European Travel
Action Movies
Bible Basics
Romance Movies
Family Travel

All times in EST

Autism Spectrum Disorders: 4:00 PM

Full Schedule
g Insurance Site

BellaOnline's Insurance Editor


Women Need Life Insurance Too

Life insurance pays off mortgages, funds college education, provides for retirement and monies for an unlimited list of expenses. In short, with life insurance the surviving spouse is likely not to have to sell the family home or have their standard of living negatively altered.

A man buys life insurance to protect his family, replace lost income upon death, his own retirement, and a myriad of other reasons. Why should a woman buy life insurance? A woman should buy life insurance for the exact same reasons that a man buys life insurance.

While there are thousands of people who do not have life insurance, many who do are underinsured. Whether you are married with a family or a single working female, women unmistakably need life insurance. With most families in America dependent on 2 incomes it is surprising to hear that women, today, are quite often underinsured when it comes to life insurance. The reason that women are underinsured is because we tend to neglect our own needs, including insurance needs.

Historically, adult males represented 57% of all life insurance policies purchased in the United States (according to the American Council of Life Insurance). Women represented 29% of all life insurance policies. (According to the American Council of Life Insurance). While, the gap may be closing (today 59% of women compared to 64% of men have life insurance policies), women donít have enough coverage. The average life insurance settlement (death benefit) for men is $143,100 versus $76,000 for women. (According to ďTrends in Life Insurance OwnershipĒ, LIMRA International)

At one time in our history women were primarily based at home, women are now equally a part of the workforce. Today, husbands and wives are economic partners. If something were to happen to you, and the money you bring in, would your family be financially devastated. In the event of death, your family will have enough to cope with emotionally, without the added burden of not having enough money to maintain the same standard of living.

Yes, women do it all (or at least a whole bunch). We manage our homes, our own successful start-ups, departments and entire organizations. We are the primary caregivers for our children, spouses, parents and pets. We do it all very well. However, when it comes to having adequate life insurance (i.e. caring for family in the event of our death) we donít fair as well.

In todayís world women should strongly consider their insurance needs. Their financial contributions to the household are of a much greater value than once before. All women should consider their own and their loved ones financial security.

The start of a new year is always a good time to review your coverages with your agent.

If you are looking for an insurance company thatís about having fun, helping others, staying healthy, and personal growth for women, visit Womanís Life, a fraternal benefit society at www.womanslife.org.

Add Women+Need+Life+Insurance+Too to Twitter Add Women+Need+Life+Insurance+Too to Facebook Add Women+Need+Life+Insurance+Too to MySpace Add Women+Need+Life+Insurance+Too to Del.icio.us Digg Women+Need+Life+Insurance+Too Add Women+Need+Life+Insurance+Too to Yahoo My Web Add Women+Need+Life+Insurance+Too to Google Bookmarks Add Women+Need+Life+Insurance+Too to Stumbleupon Add Women+Need+Life+Insurance+Too to Reddit

RSS | Related Articles | Editor's Picks Articles | Top Ten Articles | Previous Features | Site Map

For FREE email updates, subscribe to the Insurance Newsletter

Past Issues

Printer Friendly
tell friend
Tell a Friend
Email Editor

Content copyright © 2014 by Denise M. Castille. All rights reserved.
This content was written by Denise M. Castille. If you wish to use this content in any manner, you need written permission. Contact Denise M. Castille for details.


g features
10 Things to Know About Buying Auto Insurance

The Policies You Need!

Details to Review About Your Insurance Policy

Archives | Site Map


Past Issues

Less than Monthly

BellaOnline on Facebook

| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2014 Minerva WebWorks LLC. All rights reserved.

BellaOnline Editor