Gender seems to play a role in how life insurance is viewed in the family


Women that are mothers should definitely reevaluate their worth in the household.



said Brittney Burgett, a spokeswoman for Haven Life, an online agency for term life insurance.





“Don’t undervalue how much life insurance a parent needs by basing it solely on income. A stay-at-home parent might have no income, but if something happened to them, someone else would have to step in to handle child care and the other tasks that the parent did.”

Burgett mentioned.






“Both parents should have their own policies with the other parent listed as the beneficiary. If you’re not sure where to start, consider both of you getting an equal amount of coverage.”

Burgett said.

The younger and healthier you are, the less expensive term life insurance tends to be. For example, for a 20-year policy with $250,000 in coverage, a 30-year-old woman pays an average of $135 a year, according to NerdWallet. A 30-year-old man would pay $152 annually. By age 40, those amounts jump to $182 annually for women and $212 for men.