Life Insurance for Women

September is Life Insurance Awareness Month

• Just 40 percent of women own individual life insurance (Source: “MarketTrends –  LIMRA’s Factbook: 2010 Trends in United States”)
  
  
• Almost 70 percent of single parents with children at home don’t carry life insurance. (Source: University of Virginia’s Darden School of Business and Genworth Financial)
  
  
• Life insurance coverage for men accounts for 85 percent of the total dollar amount of protection. Coverage for women accounts for 10% of the total dollar value. (Source: insurancerate.com)
  
  
• Males account for more than 80 percent of job losses since the recession began. For couples, that situation makes the dependence on the female’s income even more important. (Source: Bureau of Labor Statistics)
  
  
• The time mothers spend performing the ten most popular “mom job functions” would equate to an annual cash compensation of $117,856 for a stay-at-home mom. Working moms would earn $71,860 above their regular salary. (Source: salary.com, 2010 survey)
  
  
• Leading causes of death for women in the U.S. are:

  • Heart disease
  • Cancer
  • Stroke (Source: Centers for Disease Control and Prevention)
    
    
• Nearly 37 percent of all female deaths in America occur from cardiovascular disease, such as heart attack and stroke. (Source: American Hearth Association, 2011)
  
  
• Under age 50, women’s heart attacks are twice as likely as men’s to be fatal. (Source: Women’s Heart Foundation)

Today’s woman is a very busy – and very important – person. They work harder than ever, and yet too many women underestimate their true value to their family.

That’s where I can help. Let’s get together soon to make sure you have a plan in place for you and your family’s future financial security. September is Life Insurance Awareness Month so there is no better time to give me a call!