Why Women Don’t Purchase Enough Life Insurance…And Why They Need More
September 25, 2019 by Liz Frazier
According to a new study by online life insurance agency Haven Life , there is a major gender gap when it comes to life insurance and women. The survey shows that while women and men equally believe that their death would have a “substantial” impact on their family, women are not purchasing life insurance as frequently as men, nor purchasing as much. In fact, 67% of women surveyed said they had life insurance, compared to 79% of men. Of those who had an individual life insurance policy, the women had an average coverage amount of $231,342, compared to men who had an average amount of $423,102.