WholesaleInsurance.net Finds that While 12% of Women Will Develop Breast Cancer, 43% Lack Life Insurance

ROSEVILLE, Calif.--(BUSINESS WIRE)--According to BreastCancer.org, 12% of American women will be diagnosed with breast cancer in their lifetime. Far more women—as many as 43%—have no life insurance to protect their family’s financial future should cancer strike.*

“Seven in 10 women agree having life insurance is a necessity and all people should have it”

In honor of Breast Cancer Awareness Month, WholesaleInsurance.net hopes to promote awareness of the valuable contributions women make to their families, both emotionally and financially. Those contributions should be protected against the uncertainties a breast cancer diagnosis may bring.

“Seven in 10 women agree having life insurance is a necessity and all people should have it,” explains Marvin Feldman, President and CEO of the LIFE Foundation. “The decision to go without life insurance could put families at financial risk during a time of emotional and financial stress.”

In addition to being beloved mothers, sisters, aunts, grandmothers, and daughters, women are also financial providers. Prudential Financial research found that 53% of women surveyed are the primary breadwinners for their household.

Women who stay at home to care for children or aging parents also provide time, love, and services that have a high replacement value. Investopedia estimates that one year of household chores (cooking, cleaning, childcare, etc.) would cost $96,261 to replace.

WholesaleInsurance.net, a leading provider of online life insurance quotes, urges families to think about everything women contribute to a household. To support Breast Cancer Awareness Month, the company is offering educational resources, such as information on low-cost mammogram programs nationwide, through their corporate blog and social media outlets.

About WholesaleInsurance.net

A national division of Pinney Insurance Center, Inc., WholesaleInsurance.net is located in Roseville, CA. In business since 1972, our years of experience will help you secure the best life insurance policy with the most affordable rates.

*LIMRA