Given the world we live in, there is no denying that there are uncertainties. A woman is the foundation of any house and securing her life is of paramount importance. It does not matter, whether the woman is single, or married, housewife or unemployed, of breadwinning; life insurance has become essential. So, let us see in details as for why a working woman needs life insurance
It replaces income
If the family depends on working woman's salary, then it will become difficult in the time of her absence. The household expenses are substantial and covering them up would be a massive task for the rest of the family members. Life insurance policy plays a huge role in this case. It will help the family to cover up the expenses in the absence of the bread earning woman. Of course, no one likes to think about someone's death, yet we must prepare ourselves for the worst if the family is entirely depended on the working woman.
It is less expensive for the woman
The premium of the life insurance of India depends upon the life expectancy of the male or the female. As women have better life expectancy than men, they tend to pay less than men. As a matter of fact, it has been found that women outlive men by about five years. Women tend to develop diseases like stroke or cardiovascular attack in later part of life which increases their life-span. So, even if the working woman does not have substantial income to invest in different investment tools, life insurance policy would be easier to than other. Naturally, she will have lower premium which might get covered in her salary.
Another thing should be noted there is the general rule of thumb which varies by age. The working woman in the family can select the term life insurance at a cheaper premium which will have a specific amount of time. Furthermore, she can go for, a permanent plan that will last for the rest of her life which will have additional financial planning options.
To let her enjoy golden years
If by God's grace and her excellent health get to enjoy the after retirement life, she can get to use the sum assured under life insurance policy. She can accomplish some plans she had worked out for years. It can be anything, from going on vacation to joining art classes. A life insurance policy will help her achieve her preplanned events.
To put it simply, the working woman of the house deserves every bit of care, and life insurance can be the beginning for it. It is crucial for working woman to and live life peacefully.
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3 Reasons why every working woman needs life insuranceChickLit
As women have better life expectancy than men, they tend to pay less than men. As a matter of fact, it has been found that women outlive men by about five years.