Women Value Their Lives Lower Than Men For Life Insurance
September 25, 2019 by Raymond Fazzi
We’ve all heard about the gender pay gap. But now it seems there may be a gender gap in life insurance coverage.
Women with children under the age of 18 are not financially valuing their lives as highly as men when selecting life insurance, according to a survey released today by online life insurance agency Haven Life.
“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 do they — or would they — buy as much,” the survey report said.
Women in the survey who had an individual life insurance policy had an average coverage amount of $231,342, compared with $423,102 for men.