Women:

It’s time for you to close the gender gap in life insurance ownership. Just 47% of women have life insurance coverage versus 58% of men, according to the 2021 Insurance Barometer Study by Life Happens and LIMRA, insurance industry groups. Yet women are just as likely to need life insurance as men.

Just for a moment close your eyes and think of ALL the things you did yesterday, what you’re doing today and what you will do tomorrow.  Now remove yourself from the equation; who would do that if you were no longer here?

As a woman, typically, your natural role is to be the nurturer and caregiver for your family. Caring for your spouse, children, parents, and your home, and often while working a job, climbing the corporate ladder, or running your own business.  You provide substantial support for your family that your spouse or partner would have to pay to outsource if something happened to you. A life insurance payout would help cover those costs and provide a financial safety net to your family.

Don’t Assume Coverage You Have Through Work Is Enough 

Taking advantage of a group life insurance benefit through work can be a low-cost—or even free—way to get coverage. But you need an individual policy as the foundation of your life insurance plan. Usually, you can’t keep supplemental life insurance through work if you leave the job.  Plus, the amount of life insurance you can get through work is typically equal to only one or two times your annual income. That won’t be enough to cover your life insurance needs, especially if you own a home or have children.

Don’t Underestimate Your Worth

A common mistake when it comes to life insurance for women is underestimating their worth.  Whether you are a female breadwinner or a stay-at-home mom, you need to ensure you have insurance coverage for your family’s financial needs.

As opposed to looking at life insurance as an expense, consider it an investment to protect your life. When it comes to life insurance for women, it should be just as important as auto, home, and/or renters’ insurance.

Whether the primary breadwinner, a stay-at-home mom, a single parent, or somewhere in between, here’s what every woman should know.

By the numbers – many women are uninsured or underinsured.

Webinar – Insurance for Women:

14 June 2021 @ 11:30am

30 June 2021 @ 7:00pm

Webinar – Estate Planning

6 June 2021 @ 7:00pm

28 June 2021 @ 11:30am

Webinar – Protecting Your Assets

10 June 2021 @ 11:30am

22 June 2021 @ 7:00pm