According to a 2020 study by Life Insurance and Market Research Association, only 47% of women have life insurance, compared to 58% of men. And Best Life Insurance Policy For a Woman. The average level of coverage is significantly lower. But there’s reason to believe women may need more life insurance than men, not less.
About Life Insurance
Term And policies
Parents and Breadwinners
Three Reasons Women Consider Purchasing Life Insurance Policy
43% Adult Women Have No Life Insurance Plan
Why Women Need Life Insurance
What life insurance is for
The goal of life insurance is to protect your loved ones. The specific people you can name in your life insurance policy are called your beneficiaries. If you pass away while your life insurance policy is active, the death benefit that your beneficiaries would receive could help ease a number of financial burdens. That’s why no matter what they do, all women should look into their life insurance options.
According to the US Bureau of Labor Statistics (BLS), approximately 57% of women are in the workforce, and nearly 55% of married couples are dual-income households. Additionally, women are also increasingly the primary breadwinners for their family, and that includes significant rises in dual-income households over the past few decades.