5 Reasons for Women to Consider Term Life Insurance
Many experts agree that life insurance is not just a “nice-to-have,” it’s also part of sound, long-term financial planning. It’s a smart money move that could help provide financial resiliency for your loved ones over the long haul.
Did you know? Life Insurance is often cheaper for women:
“Women can often access cheaper like insurance premium than men – or more coverage than men for the same price. While nearly half of American women lack coverage, there are plenty of reasons why women are good candidates for life insurance and should consider adding a policy to their long-term financial plan.
1. Primary Income Earner:
“Women are often the primary income earners in their household, and the loss of that income could reprint a real hardship for their family and loved ones. A term life insurance policy can be an affordable solution to help maintain your family’s qualify of life.”
“From home maintenance and household financial management to meal prep, education, and more, some studies show an equivalent salary for a stay-at-home mom could be almost $180,000. A term life insurance policy offered by BESTOW can help cover these costs, reducing the financial effects your family could feel.”
3. Life Changes:
“Life is full of twists and turns, from switching jobs or income streams to having children or supporting aging family members. And keeping on top of how tase changes impact your insurance needs is an important part of long-term financial planning. When circumstances change, it’s a good idea to pause and ask the question, “does my insurance coverage reflect my new situation?”
“Many women work part-time and/or freelance, which often doesn’t include benefits. In fact, a Linkedin survey shows 92% of freelancers don’t have access to any benefits at all. That means that if anything were to happen to them, their loved ones could be on the hook for things like funeral costs, mortgage/rent payments, medical bills, and more.”
5. Dealing with Debt:
“Whether it’s a mortgage, car loan, student loan, or credit card debt, loved ones can sometimes find themselves on the hook when a family member passes away. Applying for and purchasing a term life insurance policy is an affordable way to help alleviate some of the potential burdens on your loved ones.”
Is Life Insurance Part of your Financial Plan?
“Term Life Insurance – a smart addition to a financial plan”
Life insurance is more than a “nice-to-have.” It’s part of sound financial planning – a smart money move, just li8ke saving for retirement. Adding term life insurance to your long-term plan can help set your family up for financial resiliency.
“Help protect your family’s financial future”
With plans from as little a $16/mo, BESTOW offers coverage amounts between $50,000 – $1.500,000. And if you’re not around, that’s money that your family could use to pay for things like: Mortgage Debt, College Tuition, Child Care, Everyday Expenses, Car Loans / Credit Cards
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Life Insurance is a Women’s Issue!
Many experts agree that Life Insurance is not just a “nice-to-have,” it’s also part of sound, long-term financial planning. It’s a smart money move that could help provide financial resiliency for your loved ones over the long haul.