Believe it or not, but fewer women than men have life insurance. Not only that, but the death benefit is also well below that of men – about 22 percent less. Yet, women have become increasingly dominant players in today’s American workforce. Some women are the sole breadwinners for their families and, as such, are looking for financial security from life insurance on Long Island, NY.
How Women Benefit From Life Insurance Coverage
- Life insurance protects your earnings. The more your family depends on your income, the more important it is to help protect them with a life insurance policy. Even if you are not the primary breadwinner, any woman who works should consider protecting their income in the case of death or disability.
- You have the ability to borrow against the cash value benefit. Permanent life insurance policies offer the option to build cash value, which can then be borrowed against. For women, this can help to pay off bills, finance a college education, start a new business, or any number of financial needs or goals.
- It provides financial security for your family. For women with a family, they are worried about how their family will be taken care of financially should they die suddenly. A life insurance policy gives you peace of mind knowing that your family’s finances will be taken care of.
Life insurance benefits both men and women. Take a look at these three reasons why having life insurance is good for you. Ready to get started on your life insurance policy? Talk to the professionals at Premier Risk Insurance to find out how you can acquire affordable coverage. We serve Long Island and surrounding cities in New York, and we look forward to hearing from you today.