Life insurance for women
These days, it isn't unusual for men and women to equally contribute to the family's income. But, whether women are focused on a successful career, raising children at home or aiming for that ideal work-life balance, their financial contribution to the household is worth thinking about.
Life insurance for women is an important consideration in protecting the family finances. Have you ever thought about how your loved ones would cope financially if you were to die? If you're working, the house hold income reduces without you. If you're a caregiver, household costs increase if you’re not there. Either way, who would fill the gap to help maintain the family's living standards? That’s where life insurance could help you.
Life insurance works in a similar way for all policyholders. It's designed to help protect against the financial impact death could have on your family or loved ones. So if a valid claim is made, the policy pays out a cash sum which your family can use to help pay the mortgage, keeping a rood over their head. Or to help with costs of everyday living expense, like childcare and household bills.
The types of life insurance available for women are the same as those offered to men. It's also possible for same or different gender couples to be insured on the same policy. As our customers want life insurance for different reasons, we offer more than one type of policy. You choose the type of cover you need. At L&G we offer:
Life Insurance - which is usually chosen to help financially protect loved ones for different reasons. The cash sum could be used by your family to help cover everyday living expenses such as household bills, rent or childcare. It could also be used to help pay off a mortgage.
Decreasing Life Insurance - which is often used to help protect a repayment mortgage. The amount of cover reduces roughly in line with the way a repayment mortgage decreases.
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