Why Dont Women Have Life Insurance?
Traditionally, life insurance companies solicited men as the main breadwinners in a family to ensure, that they had adequate life insurance coverage.
Now, times have changed, but the statistics on women show that great percentage of American and Canadian women carry no life insurance. And those that do have a policy, carry about half as much coverage as men do.
Most modern U.S. and Canadian households are dual-income households. If you are married, especially if you have children, would your husband be able to afford the family style of living if you were to pass away? If you are single, who would assume the burden of paying for your final costs if you were to pass away? This may fall to your parents, who are also likely to be living on a fixed income. Many single women, especially those with children, may be on a tight budget and feel they can't afford life insurance. However, they may be surprised to know that a 30 year old healthy woman can purchase a $250,000 10-year term life insurance policy for $12.00 a month. If you are a healthy 50 year old, that does not mean it is too late to buy affordable life insurance; your cost for the same policy as above would only be about $37.00 a month. If you have children, it is especially important to make sure they will be taken care of if anything were to happen to you.
Studies show that nearly six out of ten women in Canada are living on their own by the time they are 85. In addition, women generally outlive men by an average of six years. If you have adequate life insurance coverage, dependents will be able to continue their lives and standard of living. That way they only have to deal with the grief of your passing, instead of any financial burdens incurred by it.
Women need life insurance protection to ensure that whoever survives them will be provided with available capital. Term life insurance has always been one of the most cost-effective ways for both men and women to protect their loved ones. Compare term life insurance rates and policies today and see how affordable peace of mind can be.
The Surety Bond Domino Effect
I have written many articles about the hard surety bond market. To my surprise many want to know more details as to how we got to where we are at. Like all industries the surety bond industry is heavily influenced by the economy. We can all remember the strength of the US economy at the end of the millennium; it seemed that businesses were flourishing with prosperity everywhere you turned. By the end of 2000 the economy began to slow down. The success of any contractor is directly...(related: Insurance)
Long Term Care Insurance
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Travel Insurance Might Be Just What You Need!
Travel insurance is something that many people haven't considered. Sure, it's possible that you may never have to access your travel insurance, but just having it can really give you peace of mind. As it so often happens, there are many different circumstances or situations that could cause you to cancel your trip, interrupt your plans and possibly return home early or force you to seek emergency medical treatment while traveling. To demonstrate the importance of purchasing travel insurance, and emergency travel services, here are a few common examples of what might go wrong:It's 8:00 p.m. and your family arrives at the airport for a connecting flight, only to find that your flight has been cancelled. How do you get your family home? ...(related: Insurance)
Cut Business Insurance In 8 Ways
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Filing Auto Insurance Claims: The Basic Steps To Take
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Why Would I Need Auto Insurance Specialists?
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What Is Renters Insurance Really All About?
Renter's insurance is protection intended for anyone who rents an apartment, home or other live-in dwelling. Purchasing renter's insurance can protect you against the risk of fire, theft, windstorms, falling objects, smoke, and vandalism. Another important aspect of renter' insurance is that it protects you against liability in the unlikely event that someone meets harm or injury in your home...(related: Insurance)
Life Insurance, The Universe, And Everything
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Since the widespread growth of internet usage and database building it's never been easier or quicker to find fast life insurance. There was a time not long ago that the project could drag out forever. The process began ...(related: Insurance)
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