Do women financially undervalue their lives compared to men?

Insurance the Easyway

By Easyway Insurance

Women face different challenges to men. That is generally the accepted norm. Today though, it is becoming more acceptable, yet still not common, for the man to stay at home and be the house husband, and the woman to be the bread winner. Does this change the norm when it comes to valuing their lives?

Unfortunately, this does not appear to be the case as a general observation. Women still seem to be far less inclined to learn about money and investing. On the flip side to this, women do appear to have greater interest in ensuring that their family has adequate protection in the form of insurance.

Maybe this is why there is a greater emphasis for stay at home mums to take control of the bills and expenses – including insurances, whilst the man retains control of the investments and superannuation.

It is probably mimicked when the roles are reversed as well.

Frequently more value is placed on the bread winner and they tend to be insured for greater amounts. But is this the logical approach?

I think not. Certainly, it makes sense for the bread winner to protect their greatest asset – that being their ability to earn an income. Dreams, goals and objectives come crashing down when there is a disruption to this. Particularly when the absence from work is long term. In which case, income protection is a valuable tool.

But let’s consider if there is a young family and the not “working” person (man or woman) who is undertaking the endless duties of childcare, cleaning, meal preparation and general home duties – is the one who is incapacitated. What if he or she needs ongoing, long term care? Could that affect the ability of the bread winner to maintain their income? Would they be able to afford home nursing care, or would they need to consider reducing their hours or having to leave their employment to tend to the home, children and ill spouse? And what would be the financial impact of this situation?

Does this situation lend itself to undervaluing their lives or should this be a serious consideration when insuring them?

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Do women financially undervalue their lives compared to men?

Do women financially undervalue their lives compared to men? By Easyway Insurance Women face different challenges to men. That is generally the accepted norm. Today though, it is becoming more acceptable, yet still not common, for the man to stay at home and be the house husband, and the woman to be the bread winner.

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Life Insurance Tips By Easyway Insurance Purchase life insurance when you’re young and healthy. Seems ridiculous right? But you tend to be fitter and healthier when you are young – and less likely to be penalised through premium loadings or exclusions. Also, fyi, most insurance claims are paid to people between the age of 30 

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