Women in the UK Need Life Insurance Just as Much as Men
Equality. We have come a long way.
With a long way to go.
One strange thing about coming this far, however, is that women have not taken up insurance products in the same way that men have. And when they do, it’s for a significantly less amount than men.
Moving on up
In the past, this may have been understandable, as men were mainly seen as the main breadwinners and the women stayed at home to take care of the house and kids. Obviously, this is a massive overgeneralization, but this was true for many households.
Now with women at the top of many industries, breaking down new barriers every day in the workplace, and the value of their role in the family, it is more important than ever that they should also get the right insurance cover.
Cover available for women
Most of the cover is exactly the same as those that you would find for men. And, we’re not in the 50s anymore, so life insurance is a much more accessible and flexible product than ever.
With a simple on-boarding process and without an intrusive medical check-up, you can go from uncovered to fully insured in 10 minutes! There is also no longer any need for you to take out a 20-year policy with no chance to escape. The best insurers now give you the opportunity to jump in and out of payments if your circumstances change for any reason.
There can also special considerations that you need to take into account when it comes to life insurance. Depending on where you are looking. One is:
if you’re thinking about having a baby in the near future, it could be a great idea to get life insurance before you do. Health risks can increase a bit and policies taken out by pregnant women will often come with higher premiums (but not at Bequest).
Why is life insurance important for women?
Basically, life is unpredictable and an insurance policy can give you peace of mind.
A life insurance policy also does more than offer a payout in the event of your death. Many companies now give you the opportunity to tailor your life insurance policy to suit your needs (oh hey there, it's us, Bequest 🥰)
If disaster strikes and you are seriously ill, lose your job, or are not able to care for your family as a stay-at-home mum, insurance policies can be put in place to provide you and your family with some financial relief.
The value of your life and role in the family is also so much more than income. With life insurance, however, we are forced to put a number to it. Make sure you take into consideration your financial roles as well as the unpaid roles in your family. 👩🏫👩⚖️👩🍳👩💻🕵️♀️👩🍼You get the picture.
It’s not just about you
Women take care of so many people.
Life insurance can be a bit of a touchy subject because while it might be called life insurance, but it can be more about death.
Scary? It can be.
But, facing the reality of death and being prepared shouldn’t be.
A life insurance policy is there to take care of those you love when you are no longer able to take care of them yourself. Being prepared is really the most loving thing you can do.
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