Do Women over 50 need life insurance?
Do Women over 50 need life insurance? This is a very good question. There are so many women over the age of 50 out there who doesn’t have life insurance and saying that they don’t need life insurance because they are not the provider for the family. Here are some points to think about before you say that you as a woman over 50 don’t need to have life insurance.
No matter if you are a man or a woman. When you are dead, there are expenses that must be covered. No matter what age you are. There are a lot of expenses when you are not there anymore, and it doesn’t matter if you was the provider or not. And without life insurance, your family is going to struggle to keep out of financial dept.
What if you are the one cleaning the house?
If you are staying at home, doing the cooking and cleaning yourself and you are not there to do it for your family, your family must find someone to help with the everyday tasks. And that can be a new financial burden to them. Or, maybe you are looking after your grandchildren. Who is going to help your children in looking after your grandchildren during the day? They then must pay someone to watch the children. If you had life insurance, you could have still helped your children, even when you are dead.
Maybe you are the provider
You may be a woman and you are wondering if you really needs to have life insurance, but maybe you are the provider and your family depends on your for food and a roof over their heads. If you are gone, the same will happen to your family as what would happen with a family where the man died. They will be financially ruined. If you are a woman over 50 and the provider, there are no doubts that having a life insurance is important. Just as important as for a man.
Funeral costs lots of money. And if your family is not financially stable, they won’t have the money to bury you properly. It can also cause them to be financially ruined after paying for all the funeral costs. No matter if you are a woman over 50, it is expensive to have a funeral, and if you don’t have life insurance, your family will have problems.
Education of your children
When you reached the age of 50, your children are probably going to university or already in university. Having life insurance will make it possible for them to finish school after your death. There are so many children that must have given up their dreams of further studies, because their mother has passed away and didn’t have a life insurance policy.
Does woman over 50 need life insurance? The answer is a definite yes. Even if you are a woman over 50, there are lots of expenses that must get paid if you passed away. Loving your family is protecting them after your death.