Should Women Work With Women When Analyzing Specific Needs For Life Insurance?

 YES! Here Are Some Important Considerations As You Read On --

My Experience – I have been in the Life Insurance Industry and a Woman Business Owner since 1986. My focus has been on women's specific insurance needs!

I can tell you that my male counterparts treated Men far different than Women.

Past To Present - Historically, women were treated as an after thought who had fewer needs, assets and – if working – were paid less! Sad But True!!

While times are a changing, most men still gravitate to working with to men discounting the value of women in terms of Specific Life Insurance Needs!!

Women Today – While women have achieved an unprecedented work-life balance, a piece of the puzzle that is more often missing is a focus on Specific Types of Life Insurance.

With more women working than ever, women need Specific types of Life Insurance to meet their Unique Needs.

Women's Needs – Noted in part by Business Woman Magazine (2024):

1) Women provide financial value, regardless of their employment, working at home, or marital status.

2) Women need to replace their income with Living Benefits tied to Life Insurance.

3) Women have Unique Lifestyle Needs – With a variety of Assets, Obligations and Lifestyles.

LIMRA observed - Less than 50% of women reported having Life Insurance in 2023. It was the fifth consecutive year that women's life insurance ownership declined.

The Risk - Approximately 70% of mothers can expect to be primary earners for their families at some point before their children turn 18.

AAALiving tells us: “Today, women are a financial force—building careers, raising families and increasingly becoming primary earners in their households. Yet, despite this growing economic power, less than half of women own life insurance, and the rate of ownership for women continues to be lower than for men. This gap in protection could be leaving millions of families vulnerable.“

Key Reasons women should work with women for Specific Life Insurance needs -

1) Reliability and Trust

2) Better Communications

3) Increased Understanding of Unique Needs

4) Increased Comfort Generating Peace-of-Mind

5) Build More Lasting Relationships for Future Needs

6) Empowering to Promote Financial Independence

7) Providing for Unexpected Events while resonating with Concerns and Values.

9) Providing for Long-Term Impact: Achieving greater Financial Security and better Preparing for Challenges.

In Summary, the advantages to working with a Woman Advisor are to protect Your Lifestyle and Assets with Specific Types of Life Insurance stemming from a deeper empathy, shared experiences, better communications while addressing Your Unique Financial Challenges in the Future!

Let's Discuss the Above & Your Needs!

Reply To Maxine // Call & Message - 216.377.9310 // Email - max@vestabp.com