Life Insurance & Women
According to the Life and Health Foundation for Education (LIFE), 64 percentof women have no life insurance and those who do have about half as muchcoverage as their male counterparts. Women's contributions to their familiesare considerable from extra income to childcare.
Regardless of your age, financial or familial situation, you likely needlife insurance to help preserve your family's financial future and ensure yourdebts and funeral costs don't burden your loved ones.
If You're:
Married Without Children
Your husband likely depends on your income to some extent. The lifeinsurance you purchase covers funeral costs and allows time for your spouse tocope with the loss and get back on his feet.
A Single Mom
As the sole wage earner and guardian, your need for coverage probablyexceeds most. However, according to LIFE, almost four in 10 single parents arewithout any life insurance. Many single moms are strapped for cash and thinkthey can't afford the additional expense. However, a healthy 25-year-old womancan pay as little as $9.00 a month for a $200,000 policy. That's less than a25-year-old man would pay. Even if you are slightly older (in your forties),you can still get an adequate policy for around $15.00 a month. ...
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