Gender Gap Exists in Adequate Life Insurance Coverage Despite Greater Financial Concerns Among Women, According to MetLife Study

Despite heightened financial concerns for their families’ futures, working women are less likely than men to have adequate life insurance coverage. The sixth annual MetLife Study of Employee Benefits Trends reveals that, in general, female employees who have life insurance own only two times their household income in coverage. Male employees with life insurance, however, generally have three times their household income in coverage. This gender gap is surprising given that almost two-thirds (64%) of working women (vs. 52% of working men) are very concerned about their families’ financial futures in the event of their own premature death.

Gender Gap Exists in Adequate Life Insurance Coverage Despite Greater Financial Concerns Among Women, According to MetLife Study
Source: Business Wire