Women and insurance - more

There is another aspect: not enough married women take an interest in the overall financial affairs of the family.

They leave everything to their husbands, and don't check to see that even he is properly insured, let alone themselves. They simply assume that death or accident will not come their way, and each year 70,000 families find, often to their cost, that they are wrong.

Even women widowed in their sixties - at what one might call the usual time - find that they are more badly off than they need be because of poor financial planning earlier in life.

If women have any doubts about whether they should include life assurance or other forms of saving in their budgets, they should consider a few simple facts:

1 Three out of four women have no personal savings at all. Married women in particular have very little they can call their own.

2 Women live longer than men and so are More likely to need the benefits from life assurance than men.

One in five married women aged 30 today will be widowed by the time she is 65 and there are three million widows in. Britain today.

Surveys suggest that only around 20 %of wives ever discussed financial planning with their husbands in the event of his death.

They have difficulty in accepting, if their husband is alive, the possibility of widowhood. Of course men experience the same difficulties, but this is a potential situation which should be faced.

3 Half the married women in Britain have very little idea of how their husbands plan their spending.

They don't push enough for proper planning, so that they can end up spending a great deal of their life badly off.

4 Not all marriages last forever.

A third of marriages today end in divorce.

It is much easier to cope alone suddenly if you have spent your married life thinking about the way the family budget works.

5 There are 2,750,000 single parent families in the United Kingdom, 80% of which are headed by women.

said in other parts of this website, so WE will not go into detail again.

Let us just see how women, single, married, divorced or separated, should look at the whole question of insurance.


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Payroll Giving
It’s all very easy to organise.
Just ask the Personnel or the Payroll Department at your company and, if they already have a scheme, they will give you the relevant forms.  HM Revenue & Customs’ website has a list of Payroll Giving agencies and explains payroll giving in more detail.

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read on: Women and insurance - The Single Woman

There is another aspect: not enough married women take an interest in the overall financial affairs of the family.

They leave everything to their husbands, and don't check to see that even he is properly insured, let alone themselves. They simply assume that death or accident will not come their way, and each year 70,000 families find, often to their cost, that they are wrong.

Even women widowed in their sixties - at what one might call the usual time - find that they are more badly off than they need be because of poor financial planning earlier in life.

If women... see: Women and insurance - The Single Woman