If there is anyone dependent on your income – parents, children, relatives – you need life insurance – Suze Orman

In the 21^st century, women are empowered socially and can be found in every profession. Across North America and the UK, more women are enrolled in universities than men. Women are contributing more to the household income and are essential to maintain a certain lifestyle. Women are becoming breadwinners and do not understand their financial value, and often do not take financial protection or life insurance.

I am starting a new series, Life Insurance For Women. I am going to interview Chad from GoLife Insurance  on the following ten topics:

1. Women are being overcharged, a lot, for mortgage insurance – what you need to know!
2. Why women talk themselves out of the life insurance they want/need?
3. How to prepare for baby- 3 pieces to financial protection (will, mat leave savings, life insurance).
4. Is underwriting for women different?

Today, many women make more than their spouses or are single-parent families. If something were to happen to you, life insurance will cover a lot of the expenses and will take care of your dependents. In North America, more than 50% of single mothers do not have insurance.

Women can use life insurance to save money.

Women can use insurance to protect against disability, chronic, terminal, and critical illness.

The life expectancy of a woman is more than a man. I also want to make something very clear. Life insurance is also for the stay at home mom. A stay at home mom is one of the most difficult jobs but also adds so much emotional, mental, psychological, and spiritual value to the household. If something were to happen to you, a cook, driver, or housekeeper would have to be hired.

If you are the matriarch of the family, your death could have an impact on the family.

As a single person, life insurance could pay off your student loans, taxes, bills, and other debts that your family might have to pay for.

I want you to think that life insurance is an investment and not an expense.

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