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Here’s Why Women Should Have Life Insurance Coverage

If there’s one thing we can be certain of in this world it’s that life changes. Situations, lifestyles, ups and downs. That’s something to keep in mind when you’re planning for the future. This is every bit as true for women, but when it comes to life insurance women are underrepresented.

Why Life Insurance is a Good Call for Women

Women are breadwinners.

According to the U.S. Census Bureau, nearly 4 in 10 women are primary breadwinners while almost two-thirds of women are the family breadwinners or share in bringing in income. More and more, women are the sole provider.

Stay-at-home mothers need protection, too.

Even women who are the family CEO stay-at-home mom need life insurance to help with the costs of hiring someone to take care of everything they do, should they pass away.

Life insurance can be less expensive for women.

Since women on average live longer than men, they generally pay less for life insurance.

You never know what your life will bring.

As we said above, life changes, often unexpectedly. Life insurance can help during times of hardship. A good policy can also support a family that is left behind.

How Life Insurance Can Help

  1. Life insurance can generate income and provide a lump sum to help pay expenses if you die.

Should you die, life insurance can help replace your income, pay off debt, cover daily expenses, help with your children’s college education or help your spouse or other beneficiary meet retirement needs. It can also pay for death expenses.

  1. The cash value of a whole life insurance policy can help.

With a whole life policy, you can borrow against its cash value, which you’ve built up over time, to pay for big ticket expenses such as a wedding, college education, home purchase, or retirement.

  1. Life insurance can benefit others.

Even if you don’t have family as beneficiaries, you can leave your life insurance benefits to a friend, acquaintance or your favorite non-profit.

As with men, women owe it to themselves and their loved ones to have the protection of life insurance. To learn more about your life insurance options, read about it here. Then, use our quote generator and compare rates to find your best solution.

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