Life Insurance for Women
Generally, it is a widely agreed-upon perception that women do not need insurance as much as men do because they don’t have anyone depending on them financially. To an extent, it was true initially when women were earning a little or not at all. This has led to a huge gender difference in insurance enrollment. Statistics prove that women hold 6% fewer insurance policies as compared to men.
However, as of today, women have started to enjoy increase participation in the job sector. Not only do they support their family financially, but in many cases, they have become the sole breadwinners. Many females who are stay-at-home mothers also need insurance to cover the households after her. Single women who have a debt to pay or nobody to manage their funeral expenses also opt for insurance policies to secure any future financial inconvenience.