Perhaps in the days with antiquated values where women were expected to stay home and care for the children, life insurance may not have been a necessity for them. But, as Bob Dylan once sang, “The times, they are a changin’.”
Women are redefining their role in society. More women than ever are working and, thanks to progress brought by the fight for equality, have more options than ever. From full-time careers to full-time homemakers with stops everywhere in between.
Normally, one gets life insurance in order to give their loved ones some financial assistance should they pass before their time. And with women and men’s income now contributing to the overall whole, women should have life insurance should something happen and leave their loved ones without half (or even more) of their income. Here are a few reasons as to why you need life insurance.
- Life insurance can replace income
Today, many women make more than their spouse. Modern families depend on both incomes in order to pay bills, pay for school, car, children, and more. Should one die, that is a lot of income that is lost. With life insurance, you are able to replace that income without giving your spouse a financial crisis. - Life insurance protects one’s interests
If you are single and don’t have any children, you may still need life insurance. Why? Let’s take a look at your debt. If you have a good amount of debt and have a co-signer, or if you take care of an aging or ill parent/family member, a life insurance policy will help protect your estate, the co-signer, or those you care for.
To learn more about life insurance and what it can do for you, contact Donald Weiss Insurance Services. Our dedicated team will help you determine your coverage needs, helping you pick the right policy with the right term for your goals. Don’t be left with questions when buying this essential coverage; call us today!