Did you know that American women don't have enough life insurance?
Updated: Feb 20
Whether or not they hold down a paying job, many women contribute to the economic well-being of their family in important ways—from taking care of household tasks to acting as the primary care giver for children and aging parents. But these contributions are too often left unprotected by life insurance, according to the Insurance Information Institute.
A national poll by wholesaleinsurance.net, an industry news and information resource, finds 43 percent of adult women have no life insurance. And among those who are insured, many are underinsured, carrying roughly a quarter of the coverage necessary for their needs. Women now comprise 57 percent of the U.S. labor force, according to a Bureau of Labor Statistics study, yet they carry 31 percent less life insurance than their male counterparts.
If someone depends on you financially, you need life insurance.
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