A Growing Household Need: Term Life Insurance for Women

 

A term life insurance policy is often associated with men wanting to financially protect their spouse or family. But term life insurance for women is becoming an increasingly important necessity. Like men, their deaths can leave the family in debt, unable to maintain their lifestyle or burdened with unplanned expenses for child and family care. Yet studies show that approximately one-third of women in the United States have no life insurance policy of their own, while two-thirds of women from two-income households feel their life insurance coverage is inadequate.¹

 

Many women earn incomes others depend upon

 

These days, it’s common for women to contribute an essential part of their household’s income. Some are part of a dual-income family. Others are single mothers with financially dependent children. And others work while their husbands take care of the home or family.

 

“Women sometimes overlook the importance of getting a quality term life insurance policy,” says Laura Huffman, executive vice president of Matrix Direct (www.matrixdirect.com), one of the nation’s largest direct marketers of term life insurance. “But many earn incomes that their families depend upon — in part or in full — for their well being and security. If these women suddenly die, their families might be left in debt, unable to keep their home or encounter other setbacks, like the inability to afford college tuition.”

 

In-home caregivers represent an important financial consideration

 

Term life insurance isn’t only recommended for women earning money, however. It’s also recommended for in-home caregivers who don’t earn any income. “If a woman takes care of children or another person in the home, such as an elderly parent, her death could create unexpected — and significant — caregiver expenses,” Huffman says. “Where will the money for these services come from? It’s important to recognize that a woman maintaining a home and caring for a family has a financial value.”

 

Term life insurance for women offers peace of mind — often for little money

 

Securing a term life insurance policy is an easy, inexpensive way for women to protect their loved ones. A licensed agent can provide free information so you can decide how much coverage is appropriate (depending on your specific needs) and which term is most suitable — 10, 15 or 20 years, for example. The life insurance professional asks questions about medical history, health and lifestyle, discusses options and basic rates, and schedules a free, simple medical exam. “An increasing number of women are turning to term life insurance policies to protect their families. Life insurance rates for women are usually quite affordable and the security and peace of mind are priceless,” Huffman says.

 

Getting started is easy – Matrix Direct can help

 

Matrix Direct is staffed with licensed insurance professionals who are ready to assist you. At Matrix Direct we provide more than just affordable life insurance for women. We’re committed to your satisfaction. Our team of friendly, knowledgeable agents provide in-depth, personalized information so you can make informed decisions about your life insurance needs. It’s simple enough. Just visit www.matrixdirect.com whenever you’re ready.

 

¹“2004 WOW!” Quick Facts: Women and Diversity,” Women and Diversity, 2004