Life insurance for women: how does it work?

The desired gender equality does not prevent the recognition of physiological distinctions between both sexes, and the detailed analysis of the insured’s profile, which takes place before hiring, makes life insurance for women unique.

They take better care of their own health and have a longer life expectancy than men, but they are subject to the incidence of certain diseases at different times in their lives. In order to guarantee the necessary tranquility to face unfavorable moments, the policy is an excellent option for those who are used to thinking about the future.

Continue reading and better understand what life insurance for women is and how it works. Check out!

What is women’s life insurance?

Life insurance for women is a financial product that, in addition to coverage common to both sexes, has specific coverage for typically female issues. In the event of a claim, which is the harmful event covered by the policy, such as health problems or even death, indemnities will be paid, guaranteeing health treatment or, otherwise, to the beneficiaries, which are defined by the contracting party at the time of hiring.

As with other types of life insurance, the premium is paid monthly to the insurer by the contracting party, and all details, such as coverage, are included in the policy issued. There is also the need to consider the grace period after contracting, in which there will be no right to compensation in the event of an accident.

Therefore, the ideal is for the insurance to be carried out preventively while the insured is still in full health. The good condition displayed by the potential insured is also considered in the eye insurance quote and reduces the value of the contract.

How does life insurance for women work?

It offers common and other specific coverage for females in order to guarantee the best treatment for gender-specific diseases. Breast cancer, for example, is one of the diseases that most affect women, and if the insured is diagnosed, she will receive compensation equivalent to 50% of the policy coverage.

The insurer also offers a second diagnosis through a linked specialist, and the compensation money can be used to cover treatment expenses such as medication and hospitalization, as well as home expenses such as hiring nurses.

If the insured is in a terminal stage – which is absolutely undesirable but also predictable – he can use the amounts received to spend the last few days at home with his family, with the proper professional support to avoid suffering.

What are the coverages?

An example is the aforementioned breast cancer, which, according to data from the National Cancer Institute (INCA), is the most frequent type in women and corresponds to approximately 28% of the cases of tumors that affect females recorded annually. Symptoms are lumps in the breast, which can change the texture and shape of your nipple or breast. Bloody discharge from the nipple is also common.

The treatment may involve removing the affected breast and, after successful treatment, the insured may want to reconstruct her breast as a way of increasing self-esteem. After a treatment that tends to be difficult and invasive, this can help to overcome the emotional marks of this period.

See below for other coverage of women’s life insurance.

cervical cancer

Brazil registers about 16 thousand new cases of the disease annually. Compared to the female population of the country, this may seem a negligible number, but anyone who intends to take out insurance should keep in mind that bad things don’t just happen to others. In addition, the policy serves to protect the insured against future and uncertain risks, which should not be discarded.

The number mentioned means an incidence of 15.43 cases per 100,000 women, which perhaps helps to see that it is not a rare or uncommon disease. It affects the female reproductive system and can exist asymptomatically or cause pain or irregular menstrual bleeding. Therefore, it is essential to carry out examinations periodically, even if there is no abnormality.

Ovary cancer

It is another disease that affects the female reproductive system and about 6 thousand women every year in our country. It is an asymptomatic condition in its initial stage, but it can lead to loss of appetite and weight as it progresses.

Early diagnosis helps with treatment and prevents the disease from spreading to other organs, which is known as metastasis.

Other coverages

In addition to specific coverage for female diseases, it can also cover accidental death, which, when verified, generates compensation to the beneficiaries included in the policy in the total insured amount.

Disability also generates compensation, whether permanent, total, or partial, by accident and may result in the payment of up to 100% of the insured capital of the death coverage, which is determined according to the degree of disability verified.

Compensation for functional disability due to accident and terminal illness may also be paid, in addition to having funeral expenses coverage.

What are the costs and benefits?

The price varies according to the insured amount, which is usually between R$30 and R$400 thousand. Although the profile is analyzed individually, which generates a product tailored to the contracting party, the monthly amount to be paid is between R$ 10 and R$ 170 reais, which also considers the coverage that will be included in the policy. The more coverages, the higher the price.

The benefits range from succession to tax advantages. Insurance is not considered inheritance, which means it is paid quickly to beneficiaries. He is also unattachable and is exempt from paying Income Tax.

All this makes life insurance for women an excellent cost-benefit financial product, which guarantees the insured’s peace of mind and the necessary support in difficult times.

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