In most cases the point of life insurance is to protect against the risk of losing the income stream of
a household breadwinner in the event of premature death, leaving the family in a precarious financial position.
City dwellers, those who are employed, and those who consider themselves the main
household breadwinner also scored highly on happiness in the report.
Not exact matches
But the irregular employment of the sole
breadwinner in the
household threw the family's fragile finances into frequent turmoil.
Even though working moms are the sole or primary or
breadwinner in 40 percent of American
households, they are still also overwhelmingly the ones taking care of, or arranging for the care of, children and the elderly.
And from a gender standpoint, women are the sole or primary
breadwinners in 40 percent of
households with children.
Back in the day, companies would justify paying women less than men because, among other reasons, men were seen as
breadwinner providers responsible for an entire
household.
That decision was, in fact, one I had to make — I went from major
breadwinner to sole
breadwinner in my
household at that time.
We don't think the same way about women who become moms, even though women are the
breadwinners in 40 percent of
households.
Also, if you're the sole or main
breadwinner of your
household, invest in life insurance to prevent a financial crisis for your dependents in case you're no longer in the picture.
Sen shows that income earned in the market by a male
breadwinner is often not evenly distributed within the
household, due to cultural as well as legal factors that discriminate against women.
Today's two - earner and female - headed families have much more need for outside support systems than did the now - atypical homemaker -
breadwinner household.
Last week, a Pew study revealed that in four out of ten American
households with children, the mother is the sole or primary
breadwinner for the family, the highest share on record.
I Timothy 5:8 is a favorite of anti-SAHD pastors to toss out and use as biblical justification for why men MUST be the
breadwinner and leave the responsibilities of full time child - rearing and running a
household to their wives.
She's all about the tradition, but she's also a badass entrepreneur, feminist, and the
breadwinner in the
household
The gender pay - gap has all but disappeared in low income
households (Gershuny, 2009) where automatically designating the father as
breadwinner no longer makes obvious economic sense.
Men are no longer the sole
breadwinners of
households, and moms are no longer the only parent a child should bond with.
In
households where the father is the sole
breadwinner, his total workload exceeds that of his spouse or partner by roughly 11 hours (57 vs. 46 hours per week).
In
households where the mother is the sole
breadwinner, her total workload exceeds that of her spouse or partner by about 25 hours (58 vs. 33 hours per week).
They may not be the so - called
breadwinner but in many
households they're the financial superhero who makes sure the mortgage is paid, some of the money is tucked away and the budget still... MORE has enough left over to pay for the kids» extracurricular activities.
Carolyn Siino said she comes to the center to socialize and eat a hot meal, since she ran into financial trouble after her sister, the
breadwinner of the
household, died unexpectedly.
I think our societal norms have conditioned us to believe that the man should be the primary
breadwinner in the
household and that anything less is unsatisfactory.
While men are three times more likely than women to be the main
breadwinner in a
household, nearly half of women surveyed are also employed and another quarter are in retirement
But as
breadwinner and lord of his British
household, he has very little time for parenting.
In exile, thy often find themselves assuming the role of their husbands as heads of
households and
breadwinners in addition to parental responsibilities and attending domestic work (22).
Uh — I was the primary
breadwinner for my
household for years.
Eighty percent of
households without life insurance would have trouble making ends meet within a few years if the primary
breadwinner died... Read more
You don't know what people go through, people get sick and can't work,
breadwinners of
households pass away and bills aren't paid they way they were.
If your loved one was the
breadwinner in your
household, a wrongful death lawsuit can help make sure that you and your family are taken care of both now and in the future.
However, what many people don't realize until it happens to them is that losing a loved one can also become a severe financial strain, especially if the deceased member of your family was a wage - earner or a primary
breadwinner in your
household.
There are also the issues of lost wages and of the care of family members if the affected person is the
breadwinner of the
household.
The financial turmoil that occurs when the
breadwinner of the
household is no longer around is one that may cause considerable hardship.
In other words, 1 in 3
households would have immediate trouble paying living expenses if a
breadwinner died.
It's commonly advertised that the primary
breadwinner of the
household should have life insurance, and while this is very true, there are two issues with this thought.
Eighty percent of
households without life insurance would have trouble making ends meet within a few years if the primary
breadwinner died... Read more
Eighty percent of
households without life insurance would have trouble making ends meet within a few years if the primary
breadwinner died prematurely, according to LIMRA.
This may include professionals, heads of
household, seniors, singles,
breadwinners and in other words anyone who has the capacity to pay the premiums of the policy.
The non-working spouse needs to be insured to cover the cost of childcare and other
household management work that the surviving
breadwinner will now have to pay for.»
Today we're more likely to know families that encompass dual - income
households, mom being the primary
breadwinner, same - sex couples, and blended families.
You might consider adding this coverage if you are dependent on a regular income, or are the sole
breadwinner in your
household.
Because, should the unthinkable happen to the stay - at - home parent, the other parent — the primary or sole
breadwinner of your
household — would have to continue working to support the family and also pay other expenses, such as childcare, to replace your at - home contributions to the family.
Stay - at - home parents are the unsung heroes of the
household and need life insurance coverage just as much as the
breadwinner.
For the primary
breadwinner of the
household and / or for a business owner considering a buy - sell agreement, getting life insurance now can be a huge cost savings.
In case of an untimely death of the
breadwinner, with the sum assured received, the dependents can pay - off any loan, child's education fees, monthly
household expenses, or any other liability.
There are several responsibilities of the
breadwinner of family like kid's education, daily
household needs, old age parent's care and much more.
If you are the primary
breadwinner in the
household, it's probable you will be required by your state or local government to pay alimony to your former spouse.
That's why Effron founded GoGirl Finance, a personal finance blog geared towards the modern working woman — women who are the primary
breadwinner in their homes, making the majority of
household spending decisions, and controlling the majority of America's private wealth.
Without health insurance, a
household's ailing
breadwinner may not be able to afford good medical treatment, leading to further health deterioration and possibly even loss of life, thereby causing a major decline in the
household income.
Don't you think that a Term plan is a must for every
breadwinner in a
household?
Robert is 53 and the sole
breadwinner for his
household.
And for the primary
breadwinner of the
household and / or for a business owner, getting life insurance now can be a huge cost savings.