Five Reasons Why Women Should Buy Life Insurance

Life is full of unexpected twists and turns, and sudden changes can jeopardize someone’s financial security in a heartbeat. This affects everyone, including women, and yet many women either don’t have life insurance, don’t think they need it, or have simply never considered it. In fact, women generally have far less life insurance than men do, and in many cases they could benefit tremendously from it. Here are five reasons why all women should consider purchasing a life insurance policy.

More Women are Becoming Breadwinners & Sole Providers

More women are pursuing high-level careers than ever before, and many of these women become the primary breadwinner in their home. Some of these women are even the sole provider for their home, as their spouse is a stay-at-home parent, they are unmarried, or they have gone through a divorce and have kids to provide for. If something were to happen to you as the primary income earner in your home, what would happen to your loved ones? Would they still be secure financially? If you don’t have life insurance, their future could be in doubt.

Stay-at-Home Moms Need Protection

Moms who stay home and manage the household are invaluable to families. Not only do kids have a parent around at all times to care for them, but the house will run smoother, stay cleaner, and everyone will generally be well off. If a working spouse were to pass away, a stay-at-home mom would need financial protection to keep up with the rising costs of raising a child and living their own life. This could also apply to working moms who need to take a significant amount of time off of work to stay with children after something happens.

Women’s Coverage is Cheaper

Women generally have a longer average life expectancy than men do, are generally healthier in their old age, and usually take fewer risks than men as well as work in safer environments prone to fewer accidents. Because of this, the same life insurance policy will generally be cheaper for a woman than it is for a man. This means women can either get good coverage for less, or receive more coverage while spending the same amount. Additionally, the younger and healthier you are, the less your policy will cost! For this reason, it’s surprising more women don’t carry coverage, particularly those with children.

Part-Time Workers Need Coverage

Are you a “mompreneur,” or a mom who has her own small business she runs out of her home? What about a mom who works part-time to try to help make ends meet? If so, even though you are not the primary income earner for your home, you should strongly consider your needs for life insurance. Your loved ones will still sorely miss your contributions in all forms if something were to happen to you. While your non-financial contributions may never be replaceable, being able to keep your financial contribution intact could ensure your loved ones continue to live comfortably.

Everyone’s Situation Can Change

Life is full of sudden changes. What if you or your spouse gets badly injured in an accident? What if there’s an addition to your family? What if your family business closes down? What if you get a divorce? Each of these things could dramatically impact your financial standing, and the amount of support you need could fluctuate as a result. Are you sure your life insurance needs are covered? If not, talk to an Atlanta insurance administrator to find out more about the various policy options that fit your budget in order to make sure you’re covered in the event of a major change.