Women’s economic empowerment

International Women’s Day is a time to celebrate the social, economic, cultural, and political achievements of women around the world. As we mark this day on 8 March each year, it is also a good opportunity to focus on important financial topics that can impact women’s lives. One of which is life insurance, which is an important aspect of financial planning for women. 

Life insurance provides financial security to you and your loved ones in the event of your death or injury. It can help cover the costs of funeral expenses, medical bills, and other costs associated with death or injury.

Women often face unique challenges when it comes to life insurance. For example, women tend to live longer than men, which means they need to ensure their life insurance covers them for a longer period¹. 

To ensure that you have adequate life insurance coverage, it’s important to consider the following:

• Assess your needs – consider your current and future financial obligations, such as mortgage repayments, education expenses and future care costs.
• Consider the amount of coverage you need – Make sure you have enough coverage to meet your needs and protect your loved ones.
• Review your policy regularly – Keep track of your life insurance policy and review your coverage to ensure it still meets your needs as you age, and circumstances change.

It’s also essential to understand the different types of cover available such a term life insurance, total and permanent disability insurance, trauma insurance and income protection insurance, and to consider the level of coverage required, as well as the cost of the policy, which can vary depending on your age, health, and lifestyle factors. 

International Women’s Day is a time to celebrate the achievements of women, as well as to raise awareness of the challenges they face. When it comes to financial planning, life insurance is a key component that women may want to consider, as it may help provide financial security for both the present and the future. With the right information and support, women can take control of their financial future and secure a comfortable retirement.

You can easily review your insurance online with My Resolution Life portal. Login today.