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Narrowing the Gender Gap for Life Insurance

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Men financially value their lives twice as much as women, especially for matters relating to life insurance, even though the death of either individual will impact the family equally. Such instances are even more prevalent in households where the man is the sole earner, while the woman is a primary caregiver. This fact has put the life insurance gender gap in the spotlight.

Individuals purchase life insurance that is 5 to 10 times more than their income. However, how does one quantify the contributions of a stay-at-home mother? What would be a suitable sum for life insurance? Let […]