There are certain things I always assumed I would automatically take control of when I was growing up. How to know how to apply liquid eyeliner without a trembling hand. Or my car washed regularly. Or the purchase of life insurance. But even though I'm stuck in adulthood, it regularly takes me three or four attempts to good-looking eyeliner, my car is currently covered in a layer of dirt, and, well ... I have no life insurance. Recent research has shown that although women make up 49% of the workforce, they are also subjected to consistent when it comes to life insurance - only 43% of working women have it, and their average insurance covers only about $ 129,800, according to this article from Yahoo! This number could be much look like (I know I would be stoked to an additional $ 129k have), but if you find that the recommended range is 7 to 10 times the amount of your annual salary, this number begins to seem pretty small. To get a better idea of how much coverage you need, check out this worksheet Guide to: Genworth Coverage But you say that the life insurance is a good idea not really explain why you need it, is it? The Yahoo! article also describes three good reasons to be covered. It replaces your income to help in a time of need your family This is the most obvious reason for life insurance to get - if your income to help support you, your children and your partner with a policy ensures that, if anything ever happened, they continue to receive financial support. Not only does this help with the day-to-day aspects of your family budget, but this money can also help cover funeral costs and associated costs. And as this article out financially prepared when tragedy strikes explained - you do not want your family to start thinking about how they are going for these things when they already pay through a difficult loss. It can help cover the work you like a stay-at-Home Mom Life insurance is more than just cover your income - it can be a financial safety net for the work you will do. If you mom is a stay-at-home, you know that what you do is just as important to the well-being of your family as working outside the home (and often taxing even with longer hours and more tasks - carrying around a tantruming two year-old is not easy!). You might think that because you do not draw a salary, but that you do not need life insurance coverage. Although none of us like thinking about the worst-case scenario, if something happens to you would with life insurance offer your partner financial support at a difficult time - support he or she use to do things like hire child care or take time off work.
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