Life Insurance: A Women's Safety Net

Friday, March 1, 2002

# fae! eete # wil  Make we ext ma+ teon oty “ii Tg il al will Lal “ale me ne s an nd 7of neem Ue i A. om Tes, iAnlat he "wine cea an fq Kane an bamed ue J a ar oe .‘sa ‘Life Insurance: AWomen’s Safety Net (NAPSA)—As a woman, you need to be financially independent. That’s because women face unique financial challenges today —managingcareers, raising families and caring for aging parents. Yet, they often neglect their own financial affairs. Taking control of your finances involves setting goals, implementing a plan and monitoring progress. Saving for a new home, reducing debt or investing for retirement may be among your goals. But don’t forget about life insurance—the foundation of a sound financial plan. Life insurance doesn’t have to be confusing. If your spouse, children, or aging parent depend on your income, you probably needit. Knowing that you have provided for them after your death can be a source of comfort in these uncertain times. The primary reason women buylife insurance is a desire not to burden their heirs with debts. The cash provided bylife insurance does more than just pay funeral expenses. It can pay the mortgage and other household expenses, fund future education costs, supplement retirement sav- ings and help pay estate taxes. Without life insurance, your family might be forced to sell assets to pay outstanding bills or taxes. Unfortunately, many people whoneed life insurance don’t have it. Indeed, more than twenty-five million American households—one in four—have no coverage. Other families don’t have enoughlife insurance. Womenin various stagesoflife should considerlife insurance: Single mom with young children: As the sole breadwinner, your kids depend heavily on you for financial security. Life insur- ance can help cover child care and ONE IN FOUR—Morethan 25 million households—one in four—have no coverage. other costs, as well as future needs suchas college tuition. * Young working couple with children: Life insurance provides a safety net for young families with little savings and large responsibilities—like kids and hefty mortgages. If one spouse dies prematurely, the insurance money can help the surviving spouse pay ongoingbills and support the kids. * Baby-boomer couple with children in college: The unexpected death of one spouse could force the surviving spouse to deplete retirement savings to pay for college expenses or may prevent the parent from helping out with college expenses at all. Life insurancehelps ease that burden. You should also consider life insuranceif you are a woman who is married with an unemployed spouse, owns your own business, or has significant assets. Two income, childless couples may also need life insurance if, for instance, neither spouse could individually afford to carry the mortgage on their home. You can learn more about life insurance from the experts at Aetna at www.aetna.com.

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