Life insurance is important to Women by Barbara Kempen | Mar 14, 2023 | Affordable Health Insurance, Life Insurance, Life Insurance Brentwood, Life Insurance for Single Moms, Life Insurance for unemployed, Life Insurance Pacific Palisades, Life Insurance Santa Monica, Tax Credits | 0 comments We just passed International Women’s Day on March 8th. Did you know that 70 % of US households rely on women’s salaries for financial stability? More than 40 % of women are the sole and primary breadwinners in the family. However, often protecting women with life insurance is often set aside. Life insurance does not have to be expensive and does not have to be complicated. There are plenty of options out there from term life to whole life to universal life, each with its own unique pros and cons. As an example, a healthy 30-year-old female can get a $1 million, 30-year term life insurance policy for as low as $40 per month or a $500,000 30-year term policy for as low as $25 per month. Working moms, single moms, caregivers, stay-at-home moms, and even grandmas all have a need for life insurance. Life insurance can help cover the cost of a mortgage, cover the costs of raising children (childcare, college), and everyday expenses such as groceries and utilities. If you are interested in getting life insurance for yourself, for your spouse, or for someone you deeply care for, now is the time to review our options. The most affordable form of life insurance is term life. It can cost tens of dollars per month depending on your age, health, and death benefit. Term life is for set term periods of 10, 15, 20, 25, or 30 years. Once the term period expires, the death benefit goes away unless you opt to convert the term life into whole life insurance. Whole life insurance is another type of policy that is designed for the rest of your life but at a higher cost for a lower death benefit. Whole life policies offer cash value accumulation, meaning that these plans can both offer an investment vehicle while also a death benefit. Universal life insurance is similar to whole life but can be invested in indexes (e.g. S&P 500) in an indexed universal life or in other investment vehicles. Finding the right life insurance at an affordable price does not have to be complicated. If you would like to review your life insurance options, please do not hesitate to contact us at 310-909-6135 or email us at firstname.lastname@example.org for us to better assist you. We can do a need-based assessment to see what level of life insurance would best meet your unique needs. At Solid Health Insurance Services, our mission is to help our clients find the right health, life, dental, vision, and long-te Submit a Comment Cancel replyYou must be logged in to post a comment.