Women Are Overwhelmingly Falling Down in This Financial Area
March 12, 2019 by Maurie Backman
Whether they hold down jobs or take care of the household, women contribute to their families’ financial well-being in many ways. As such, they need to protect their loved ones by securing life insurance.
Yet 43% of U.S. women don’t have a life insurance policy in place, and among those who do have one, many are underinsured. Furthermore, despite the fact that women make up 57% of the U.S. labor force, they carry 31% less life insurance than their male counterparts.
If you’re currently without a life insurance policy, it pays to explore your options for getting coverage. And the sooner you do, the better.
Why you need life insurance
Life insurance isn’t gender-dependent. Essentially, you need life insurance if you have people in your life who depend on you financially or who stand to suffer financially if you were to pass away.
Click HERE to read the full story via The Motley Fool.