Why do you believe in life insurance?
That’s the question. For many of us, the answer’s based on a feeling. It isn’t what we buy life insurance for, but who. Our reason is someone. Our reason is love.
Daughters, mothers, wives – there’s reason for us all to get life insurance. No matter your current marital/family status.
Primary breadwinner
Nearly 4 in 10 women are the primary breadwinners for their families. If you fall into this category, you need life insurance. The proceeds will help cover your family’s day-to-day expenses and your funeral costs if you die. Down the road, the money could help your kids afford college or your spouse meet retirement goals.
Secondary earner
About two-thirds of American households have dual incomes. If your paycheck helps support your children and/or your partner, you need life insurance. The money will give financial support to your family if you die, helping them maintain their current lifestyle.
Single mom
Life insurance is a must for anyone with dependent children. You likely shoulder all the responsibilities of raising your family. Life insurance can provide financial security in your absence. Don’t worry – coverage isn’t as expensive as you may think. Your Modern Woodmen rep can help you find an option to meet your needs and budget.
Stay-at-home mom
Think you don’t need life insurance? Think again. You provide services that are just as important to your family’s well-being as work outside the home. If you died, your family would need someone to handle all the household duties you currently shoulder. Life insurance would help cover those major costs.
Single woman
No dependents? You can still benefit from life insurance – especially the permanent kind. Build up cash value, which you can borrow for emergencies or supplemental retirement income. When you die, the proceeds can go toward final expenses or to leave a legacy as a charitable contribution.
Quick Stats
Nearly half of adult women believe they need more life insurance. (Source: LIMRA)
47% of women have life insurance, compared to 58% of men. (Source: LIMRA)
Women make up more than 56% of our workforce. (Source: Bureau of Labor Statistics)
4 in 10 mothers are primary breadwinners for their families. (Source: U.S. Census Bureau)
Two-thirds of households are dual-income. (Source: Bureau of Labor Statistics)
Find the right plan for you
Your ideal plan takes your needs, family situation and budget into consideration. And good news: Women’s life insurance rates are typically lower than men’s – especially if you’re healthy. Contact a Modern Woodmen rep to learn more about your options.
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Whole life insurance
Whole life insurance helps protect your loved ones, providing tax-free money when you die, not just if you die during a specified time period. You can get peace of mind, knowing that your family is protected, and you can take advantage of cash value and other living benefits to help you plan ahead – no matter what life brings.
Final Wishes Resources
Get your “house” in order and share your late-in-life/end-of-life wishes … or help a loved one with this important task. These guides help members plan, organize and start conversations.
