How Much Life Insurance Does a Woman Need?

January 23, 2008 by webbie
Filed under: Money & Finance 
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How Much Life Insurance do women need?

Many women feel as if they don’t need any life insurance at all, and I think this is a financial mistake. I can think of a couple of ways that families and individuals rationalize this decision, but I’m not sure they really hold up.

Do you think that you do not need life insurance because you are not the major breadwinner?

Think about the value of the things you do for your family, even if you do not directly earn money for them. Are you the maid, cook, taxi, and therapist for your family? Many women fill all of those positions in the clan and more! If you were not present to perform those duties, who would do them? Would other family members need to lose time from work to step in? Would your husband need to hire help?

I think many women realize that their family would struggle without them, and I think we know that some cash would help. Even if you just consider the high cost of funerals, you should consider life insurance if your family does not have $10,000 or more that they can gain access to quickly. Furthermore, deaths often lead medical bills and other debts. While your family copes with tragedy, you do not want them to have to worry about money too.

The good news is that life insurance for women is usually a little cheaper than it is for a man. Statistically we live longer. A small life insurance policy is an affordable decision that can give you peace of mind. If you are married, you may want to consider a joint policy with your husband, or having yourself added to a spouse coverage rider. These are very inexpensive solutions to a problem that could be devastating.

You may be young and healthy now, and certain that you will live to be 100. I hope you do. However, the time to look for life insurance is when you are still young and healthy, because that is when life insurance is cheap and easy to get! And don’t get too caught up in choices for life insurance, like term vs. whole vs. universal life.

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13 Comments on How Much Life Insurance Does a Woman Need?

  1. 24/7 Quote US - Online Insurance Quotes, Tips, and News! | Life Insurance For Women on Wed, 23rd Jan 2008 11:24 pm

    2. [...] that topic is the subject of Woman Work’s latest post — Life Insurance For Women. Learn how valuable your contribution is, even if you do not make an income. Also see why the time [...]

  2. Women’s Life Insurance | Insurance Reviews and Advice on Fri, 25th Jan 2008 3:12 am

    3. [...] to replace his income and pay off debts whether he dies. However, many families miss purchasing life insurance for women considering in those families the wife is not the primary [...]

  3. Life Insurance For Women - Are You Forgetting To Cover Your Own Life? | 1st car on Sat, 26th Jan 2008 3:32 pm

    4. [...] us for more information about Life Insurance For Women at WomenWork.net - The Blog For Women and The Work You [...]

  4. Life Insurance For Women - Are You Forgetting To Cover Your Own Life? | Insurance on Sun, 27th Jan 2008 8:24 pm

    5. [...] us for more information about Life Insurance For Women at WomenWork.net - The Blog For Women and The Work You [...]

  5. Women’s Life Insurance at Insurance Care Estimates on Wed, 30th Jan 2008 10:36 am

    6. [...] read an interesting post on Women Work about life insurance for women. The article points out that women always insist on having their husband getting covered in case [...]

  6. Women's Life Insurance Needs on Thu, 31st Jan 2008 1:33 am

    7. [...] WomanWork.net has published an informative article about women’s life insurance, and why women may not be buying as much as you’d think they would. Many women provide income [...]

  7. 24/7 Quote US - Online Insurance Quotes, Tips, and News! | What Women Should Know About Health Insurance on Wed, 6th Feb 2008 10:54 am

    8. [...] After all, in many, if not most families, women make decisions about health insurance. Also, despite the fact tha women are cheaper to buy life insurance for, we are more expensive to buy health insurance for. Go figure. By the way, I did also find a great article on women’s life insurance. [...]

  8. How Much Life Insurance Does a Woman Need? on Thu, 7th Feb 2008 6:05 pm

    9. [...] info4u wrote an interesting post today onHere’s a quick excerptHowever, the time to look for life insurance is when you are still young and healthy, because that is when life insurance is cheap and easy to get! And don’t get too caught up in choices for life insurance, like term vs. whole vs. … [...]

  9. Women Need Life Insurance | Insurance Reviews and Advice on Wed, 13th Feb 2008 4:38 am

    10. [...] found a great post on one of my favorite blogs - Woman Work - which talked about a woman’s need for life insurance. Women’s rates are usually cheaper than men’s rates for comparable applicants and [...]

  10. insurancetorial.com | Women’s Life Insurance on Fri, 28th Mar 2008 10:09 am

    11. [...] to replace his income and pay off debts whether he dies. However, many families miss purchasing life insurance for women considering in those families the wife is not the primary [...]

  11. World Wide Insurance Guide » Blog Archive » Women Need Life Insurance on Mon, 28th Apr 2008 5:45 pm

    12. [...] found a great post on one of my favorite blogs - Woman Work - which talked about a woman’s need for life insurance. Women’s rates are usually cheaper than men’s rates for comparable applicants and [...]

  12. life insurance » Blog Archive » Life Insurance For Women - Are You Forgetting To Cover Your Own Life? on Fri, 23rd May 2008 1:55 am

    13. [...] us for more information about Life Insurance For Women at WomenWork.net - The Blog For Women and The Work You [...]

  13. guide - Life Insurance For Women - Are You Forgetting To Cover Your Own Life? on Thu, 31st Jul 2008 5:44 am

    14. [...] us for more information about Life Insurance For Women at WomenWork.net - The Blog For Women and The Work You [...]

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