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Women and Insurance Cover

Australian women are more educated and have more employment opportunities than ever before, but recent studies have shown that only 47% of women hold some form of financial protection compared to 57% of men.

In all four forms of insurance – life, disability, income protection and critical illness cover, women lag behind men. In a time when women still take the major share of the responsibility for making the family’s day-to-day financial decisions, it is essential that they realise the importance of being equally covered.

The loss of one income in most family situations would have serious financial consequences, before the issue of needing extra assistance in the home and with children is even considered.

Your financial adviser will ensure that appropriate value is placed on the contribution that women make both in the home and their community, and will advise adequate insurance cover.

Find out more here

https://www.moneysmart.gov.au/life-events-and-you/women

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