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Women in Australia are less likely to buy life insurance

Women in Australia save on life insurance, writes Financy.
Women in Australia are less likely to buy life insurance

The Finder study shows that only 33% of women have any kind of life insurance. While, 48% of 100% of men have a life insurance policy.

According to the International Labor Organization, the fair sex in Australia earns about 18% less than men. This is reflected in the size of contributions to endowment and investment insurance products. By investing a smaller amount, women also think less about diversifying their investments, while men tend to split their money into different “baskets”, leveling risks. Besides, male clients are more likely to use financial analytics when making investment decisions than women.

Source: https://financy.com.au/should-more-women-be-thinking-about-life-insurance/

Photos are from open sources.

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