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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
