It’s indisputable that the role women play in modern society is a far cry from the role they played just a few generations ago. Today women are succeeding in career paths that were once male dominated and many women are raising families on their own. In fact, some research indicates that as many as 51% of adult women are single parents. While this speaks to the incredible strides we have made as a society, when it comes to women’s lib, it also means that many women are facing tough financial challenges.
Carrying permanent or term life insurance has been common place for men, and even married couples, for years. Research shows that it is however less common for single mothers to carry life insurance protection. What does this alarming fact mean for the nearly 15 million households being supported by single women in the United States? It means they are not protected from the unexpected.
Term life insurance offers affordable coverage for these hardworking women. Benefits can be used to pay off remaining debt and support dependents if the policy holder passes away or becomes disabled.
The financial ramifications for becoming disabled, even if only for a short period of time, can be devastating for a single mother. Without the security of a second income, most single mothers face financial pressures immediately if unable to work. Because most injuries are not suffered on the job, a single mother without disability, or term life insurance, stands to lose everything if she suffers an accident.
Protect Those Who Matter Most
If you or a loved one or a single mother, it’s important to ask yourself what kind of permanent or term life insurance protection you have in place. If you’re uncomfortable with the answer, there is no time like the present to secure the coverage you and your family deserve. At IntelliQuote we work with the nation’s leading life insurance carriers, providing top rated permanent and term life insurance policies at highly competitive rates. Think you can’t afford it? Think again! Studies show that most Americans grossly overestimate the cost of life insurance protection.
Request a quote today and learn how affordable coverage can be. Want to learn more about your permanent and term life insurance options? We encourage you follow our Life Insurance Blog, here we will be exploring the topics that effect you and your family on a daily basis. While you’re here, read these recent, popular posts:
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