• Skip to primary navigation
  • Skip to content
  • Skip to footer

QuickQuote HomepageQuickQuote

QuickQuote - Term Life Insurance

  • Term Life Insurance
    • Term Life Insurance Quotes
    • What is Term Life Insurance?
    • No Medical Exam Term Life Insurance
    • Return of Premium Term Life Insurance
    • Permanent Life Insurance
    • Accidental Death Life Insurance
  • How it Works
    • Process Overview
    • Quote Process
    • Application Process
    • Underwriting Process
    • Payment Process
    • Renewal Process
  • Resources
    • Life Insurance Learning Center
    • Term Life Insurance Calculator
    • Life Insurance Planning Tool
    • Life Insurance Questions & Answers
    • Life Insurance Glossary
    • Quick Term Life Insurance Guides
    • Life Insurance Videos
    • Other Resources
  • About Us
    • Contact
    • Social Media
    • Our History
    • Only Term Life Insurance
    • Privacy Policy & Legal Information
  • Help
    • Customer Service
    • Sitemap
  • Blog

March 8, 2013 / Author: Tim Bain

Women and Term Life Insurance

Term Life Insurance Blog

Today is +International Women’s Day 2013!

An article on CNN.com today states in 2011, for the first time in history, women held more than 10% of board seats globally. In the U.S., that number is 12.6% for women in these power positions. The top industries for women executives are retail, media, insurance, healthcare and banking.

Women and Term Life Insurance

Despite the advances women have made in the workplace over the last half century, we still see an underwhelming number of women with term life insurance policies. Some current estimates peg the number as small as 1 in 3 working women who own some form of life insurance policy.

It seems despite the low cost of term life insurance and the ease of applying, many women have not yet made the connection between their family’s financial security and the possibility of their premature death. In 2008, Prudential Financial found that while 80% of women said they understood life insurance very well, a whopping 44% had not even discussed the topic with their spouse.

Alarming Statistics

  • 56% of working women who do have life insurance are not sure if they have enough.
  • A mere 7% of households with one working spouse and one stay-at-home spouse have life insurance on both spouses.

As we discussed in a blog entry last fall titled Term Life Insurance:  Gender Wars!, 63% percent of all life insurance policies purchased through QuickQuote have been for men. However, on a positive note that trend has improved somewhat since 2009. One reason is life insurance companies such as Prudential and American General Life have implemented successful educational programs specifically for women. And awareness among women has improved, as seen in this great video with Laura Lyons Cole, CFP. Watch as she discusses the importance of life insurance for women.

We are hopeful the programs will persist, and more women will protect their families with term life insurance!

TwitterFacebookGoogle+PinterestLinkedin

Tim Bain

Tim is a licensed life insurance agent with 21 years experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites. You can find him on Twitter.

View All Posts
Get My Free Quote

Footer

This website is a Secure Site, as validated by Go Daddy.
QuickQuote is a BBB Accredited Business. QuickQuote Financial, Inc., Insurance Services, Reno, NV

Applications for life insurance on QuickQuote.com are made through QuickQuote Financial, Inc. or through its designated agent, Timothy S. Bain, only where licensed and appointed. License numbers are available here and are automatically provided where required by law. QuickQuote's National Producer Number is 1927227. Timothy S. Bain is a licensed life insurance agent in 49 states, including the District of Columbia, and his resident state of Nevada. Timothy S. Bain's Nevada license number is 45949; in California, 0D23811; in Louisiana, 274924; in Massachusetts, 1762164; in Minnesota, 20267005; in Texas, 1092088; and in Utah, 134031.
  • Twitter
  • Facebook
  • Pinterest
  • LinkedIn
  • Google+
  • Privacy Policy
  • Partners
Copyright © 1995 - 2018 | QuickQuote Financial, Inc. | 10775 Double R Blvd. Ste. 103, Reno, NV 89521