WholesaleInsurance.net Finds Women Trail Men in Earnings, Investments, and Life Insurance Ownership

ROSEVILLE, Calif. - July 16, 2013 - PRLog -- WholesaleInsurance.net Finds Women Trail Men in Earnings, Investments, and Life Insurance Ownership

ROSEVILLE, Calif.—WholesaleInsurance.net, a leading national provider of life insurance quotes online (https://www.wholesaleinsurance.net/life-insurance-quotes), urges women to take control of their financial future.  A compilation of facts about women, earnings, financial literacy, and life insurance shows that women lag behind men in both earnings, active management of their investments, and life insurance coverage.

According to a 2011 report by the Government Accountability Office, women make up approximately 49% of the workforce, but make up 59% of the low-wage workforce. The low wages of female-dominated fields such as health care and social work account in part for this statistic.

When women do attain managerial-level jobs, they still earn less on average than their male counterparts. According to the Catalyst Research Center for Equity in Business Leadership, female professionals earn about $400 less per week than men with similar titles and responsibilities.

Women are also less confident when it comes to investing their earnings. Financial Finesse, an employee financial wellness group, reports that only 25% of women take action to balance their investment portfolio, such as shuffling assets and allocations, while almost half (49%) of men do this on a regular basis.

It’s no surprise that women also trail men in ownership of life insurance (http://www.wholesaleinsurance.net/life-insurance/types.asp). Only 57% of women have a life insurance policy, while 61% of men are covered. “We find that women’s contributions to a family’s income are often overlooked,” says Ryan Pinney, VP of Sales & Marketing for WholesaleInsurance.net.  “Oftentimes, a wife or mother will work part-time, which leads to the conclusion that she doesn’t need life insurance. But she’s also contributing to the running of the household, which entails many working hours that would cost a great deal to replace.”

Independent brokers such as WholesaleInsurance.net offer free online quotes for women struggling to achieve financial balance. “Permanent life insurance is an underused tool in terms of retirement planning,” says Pinney. “It contains a cash value account that grows over time and offers an extra source of income during retirement.”

The steady growth represented by life insurance’s cash value is an alternative to the risky market investments many women shy away from. WholesaleInsurance.net urges women to investigate their options in terms of financial planning, including underused retirement funding options such as permanent life insurance.

About WholesaleInsurance.net

A national division of Pinney Insurance Center, Inc., WholesaleInsurance.net (http://www.wholesaleinsurance.net/) is located in Roseville, CA. In business since 1972, the company provides free online quotes for term and permanent life insurance.

Contact

WholesaleInsurance.net
Jenni Wiltz, 1-800-823-4852
jwiltz@wholesaleinsurance.net