Most working moms and wives should have their own term policy, not just coverage through work or a spouse. Women also pay less than men at the same age.
There is a gap. LIMRA's 2026 study found 49% of women own life insurance, compared with 55% of men.
Women often earn less, but their income still matters. BLS says women working full time earned 83% of men's median weekly pay in 2024. Their unpaid care work also costs money to replace.
Women usually pay less for the same coverage. MoneyGeek shows $500,000 of 20 year term for a 30 year old woman at $32 a month vs $38 for a man, nonsmoker, average health (updated September 22, 2026).
Tips that help
- Get your own policy. Do not rely only on your spouse's.
- Count care work, not just pay, when you pick an amount.
- Buy before a pregnancy if you can, so you are not waiting on health checks.
- Update beneficiaries after marriage, divorce or a new baby.
- Keep a policy that does not depend on your job.
Coverage that fits
Common questions
Do women pay less for life insurance?
Usually. In MoneyGeek's 2026 tables, women pay less than men at every age shown.
I stay home. Do I need it?
Yes, if your family would have to pay for child care and home help without you.
Is coverage at work enough?
Often not. It may end when you leave the job.
