ROLE OF LIFE INSURANCE IN THE LIFE OF WOMEN
Journal Title: International Journal of Management, IT and Engineering - Year 2017, Vol 7, Issue 4
Abstract
Comparing to olden days, the role of woman in the family has significantly changed not only in family but also in business. This change also makes the change in a womens’ need for life insurance. Because many women today are single parents, spinsters and head of the household which creates a definite financial responsibility and a need for protection from the loss of their salary at home in the event of death. Life insurance for women is vital regardless of career or marital status. Life insurance is important in spite of woman’s age or family circumstances. No matter what their stage of life is, women need financial protection. Women make up just under half the workforce and are increasingly the main or co breadwinners in their families. Within married-couple families, the typical working woman brings home 42% of her family’s earnings. As economic contributors, caregivers of children and elderly parents, and household managers, women accept a large share of family responsibilities. Whether they are married or not, with or without dependent children, women have very distinct life insurance needs. From primary breadwinners to caregivers, women provide important financial contributions to their families, that contributions should be protected.
Authors and Affiliations
K. Subbulakshmi And Dr. R. Mohahasoundari
Keywords
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