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Traditionally, life insurance companies solicited work force as the chief breadwinners in a household to ensure, that they had adequate life insurance coverage.

Now, modern times have got changed, but the statistics on women demo that great percentage of American and Canadian women carry no life insurance. And those that make have got a policy, carry about one-half as much coverage as work force do.

Most modern U.S. and Canadian households are dual-income households. If you are married, especially if you have got children, would your hubby be able to afford the household style of life if you were to go through away? If you are single, who would presume the load of paying for your concluding costs if you were to go through away? This may fall to your parents, who are also likely to be life on a fixed income. Many single women, especially those with children, may be on a tight budget and experience they can't afford life insurance. However, they may be surprised to cognize that a 30 twelvemonth old healthy adult female can purchase a $250,000 10-year term life insurance policy for $12.00 a month. If you are a healthy 50 twelvemonth old, that makes not intend it is too late to purchase low-cost life insurance; your cost for the same policy as above would only be about $37.00 a month. If you have got children, it is especially of import to do certain they will be taken care of if anything were to go on to you.

Studies show that nearly six out of 10 women in Canada are living on their ain by the clip they are 85. In addition, women generally outlive work force by an average of six years. If you have got adequate life insurance coverage, dependants will be able to go on their lives and standard of living. That manner they only have got to deal with the heartache of your passing, instead of any financial loads incurred by it.

Women need life insurance protection to guarantee that whoever lasts them will be provided with available capital. Term life insurance have always been one of the most cost-effective ways for both work force and women to protect their loved ones. Compare term life insurance rates and policies today and see how low-cost peace of head can be.