For Your Benefit

The Life Insurance Coverage Gap


March 1, 2021 on ForYourBenefit, host Bob Leins, CPA® welcomes Stephanie Baker, Senior Vice President, Member Services and Stacy Outlaw, Senior Vice President, Marketing at WAEPA.

As the interview will take place on the first day of Women’s History Month, Stephanie and Stacy will discuss how women are consistently under-covered by a life insurance policy compared to men. Although women make up 47% of the workforce, nearly 40% of adult women have no life insurance.

Among those who are insured, they only carry about a quarter of the coverage necessary for their needs. This coverage gap also extends to the amount of coverage an individual has, with many Civilian Feds not having enough life insurance coverage as part of their plan. These WAEPA leaders will also discuss some of the inequities and misconceptions found in life insurance and estate planning and highlight the importance of women seeking out their own policy.

For questions or comments, email us in advance at ForYourBenefit@nitpinc.com

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