{"id":16956,"date":"2019-09-25T00:26:50","date_gmt":"2019-09-25T04:26:50","guid":{"rendered":"https:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/why-the-gender-gap-may-extend-to-life-insurance\/"},"modified":"2019-09-25T00:26:50","modified_gmt":"2019-09-25T04:26:50","slug":"why-the-gender-gap-may-extend-to-life-insurance","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/09\/25\/why-the-gender-gap-may-extend-to-life-insurance\/","title":{"rendered":"Why the gender gap may extend to life insurance"},"content":{"rendered":"\n
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A new report from online life insurance agency Haven Life has found that when it comes to selecting life insurance, there\u2019s a disparity in the financial value that men and women place on their lives.<\/p>\n

In a national survey of U.S. men and women who have children under 18 years old, the firm found that men and women equally believe their death would have a \u201csubstantial\u201d impact on their family, with nearly four out of five women (79%) and men (78%) agreeing with the statement.<\/p>\n

But the poll also found that women were less likely to get life insurance coverage. Just two thirds of women surveyed (67%) said they have life insurance, compared to around four out of five men (79%) who said the same.<\/p>\n

Of the ones who had an individual life insurance policy, female respondents reported having coverage amounting to US$231,342 on average. In contrast, men with life insurance were found to have an average coverage amount of US$423,102.<\/p>\n

That gap in appraising the value of their own lives was just about as remarkable among men and women without life insurance. When asked to give a numeric value for what they would purchase, women cited an average coverage amount of US$175,423, while the average for men stood at US$355,348.<\/p>\n

The survey also drilled down into what each gender does to help or provide for the family. Based on respondents\u2019 self-reported tally of the roles they take on in their households \u2014 grocery shopping, lawn care, housekeeping, and so on \u2014 women said they take on an average of 6.44 roles, compared to men who averaged 5.88. The split in handling child care was particularly stark, with 83% of women and 57% of men saying they take on the role.<\/p>\n

The survey also found men were far more likely to identify themselves as the primary earner (79%) compared to women. Female respondents reported having an average income of US$52,484, whereas their male counterparts reported an average of US$72,482.<\/p>\n

\u201cDespite the belief that the death of either partner would have a substantial impact on a family\u2019s quality of life, households have less financial protection for the loss of a mom compared to a dad,\u201d the report concluded.<\/p>\n

Read the original article at https:\/\/www.lifehealthpro.ca\/rss\/ <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A new report from online life insurance agency Haven Life has found that when it comes to selecting life insurance, there\u2019s a disparity in the financial value that men and women place on their...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16956"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16956"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16956\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}