Do Working Women Really Need Life Insurance?

Women of all ages and stages need life insurance. We need to protect our loved ones.

YES.

Why is it that women are less likely to take out a life insurance policy? I mean we do SO much for our families, friends, loved ones, heck even the world! Life insurance for the working woman is so important. If you get one thing from this article, it’s to be prepared.

Do your own research and make sure you do what’s right for you. Here are 5 crazy bits of info about women and life insurance.

1. Women believe their death would have a substantial impact on their family but are still not purchasing life insurance policies as much.

About 47% of women said they have life insurance. That’s not enough. Whether you’re single, married, have children etc. your death matters. 💛

So let’s say you’re single, you’re working, you have your own place (or renting) and enjoying your weekends to the fullest. God forbid you die. Who will pay for your mortgage, other debts or even your funeral?

Or, you’re a full-time working woman and a mother. You work, pick the kids up from band practice, cook meals throughout the week and clean the bathroom on Saturdays. Once again, god forbid, you pass away. Who will pay for the kids' school? Will they need someone to help clean the house? If you have a partner, will they have to work extra hours to help pay for things?

2. Women are purchasing significantly less in their policies.

This links to the first point. Do you think that your life is worth/valued less than a mans? Many surveys tell us again and again that women are taking out a smaller amount in their life insurance policies.

All the little extra things you do as mum should be taken into account. The cleaning, driving, cooking, bedtimes and all the other wonderful things. As a mum, there are so many reasons why getting life insurance will save you from a world of worry, but not all the worries 😂.

Remember, when thinking about how much life insurance you should be getting, don’t be traditional. It’s not all about 5x your salary - the value of our life is so much more than our current salary.

3. Women assume that the coverage they have through work is enough.

You may have some insurance coverage through work, but have you actually read through it? Does it seem like it’s enough if you were to stop working for some reason, or you passed away? Most workplaces don’t have enough cover if you have assets or a family.

Also, most workplaces don’t allow you to take the policy with you when you leave your job. Having a policy in place that sticks with you and is enough coverage for your mortgage, expenses, school for your kids and anything else you may want to pay for is key. With Bequest Life, you can update your policy when big things happen in your life, like getting married, a mortgage or even having a child!

4. Women assume they can’t get life insurance while pregnant.

No matter your age or stage, any woman can get life insurance - we cover anyone aged 18-65. And while you shouldn’t wait until you get pregnant to get a policy, you can most definitely get one during. 🤰

Once you have a baby you’re going to have even more things to think about, so why not answer the questions today and get covered online in a few minutes? With most companies, getting life insurance while pregnant isn’t any different than a regular policy. So make sure you do your homework, find the right policy fit and get covered! 🪄

5. Women get joint life insurance policies more often than they should.

Life insurance is personal, and what works for someone else might not work for you. Each individual policy is based on the age, health and personal details of the one taking out the policy. You wouldn’t buy the same shoes or even car insurance would you?

Also, did you know that two separate policies cost almost exactly the same amount each month as one joint policy? 🤯 Getting two policies means that if one of you takes your payout (illness or death) or your relationship changes, then the other does not have to get a new cover, at a new age. And your family would get both payouts if you were to both pass away. Getting two separate policies is almost always a good idea. Read all about it!


No matter your situation, if you have any assets at all, getting life insurance is an incredibly smart thing to do. At Bequest, it’s only the cost of a coffee and treat per month. Taking the first step to making sure that your loved ones are taken care of and provided for has never been easier.

Instagram icon

FF Bequest Limited, trading as Bequest, is authorised and regulated by the Financial Conduct Authority with firm reference number 923791. You can check our authorisation on the FCA Financial Services Register by visiting the following website: register.fca.org.uk . We are registered in England and Wales, Registered office address: Founders Factory, Northcliffe House, London, United Kingdom, W8 5EH. Company Number 12367897.

Regulated by the Information Commissioner's Office (ICO) [ZA662891]. “Bequest" is trademark protected by FF Bequest Limited (UK00003452648). FF Bequest Limited is registered in England and Wales, No 12367897.

0203 916 5433

FF Bequest Limited, trading as Bequest, is authorised and regulated by the Financial Conduct Authority with firm reference number 923791. You can check our authorisation on the FCA Financial Services Register by visiting the following website: register.fca.org.uk . We are registered in England and Wales, Registered office address: Founders Factory, Northcliffe House, London, United Kingdom, W8 5EH. Company Number 12367897.

Regulated by the Information Commissioner's Office (ICO) [ZA662891]. “Bequest" is trademark protected by FF Bequest Limited (UK00003452648). FF Bequest Limited is registered in England and Wales, No 12367897.

Privacy policy
Terms of Use
Complaints
Cookies