Working Parents with Minor Children Have More Life Insurance on Dad than on Mom, Says MetLife Study

A MetLife study has found that a gender gap in life insurance coverage exists between working, married men and women with children under the age of 18. According to findings released today from MetLife’s 8th Annual Study of Employee Benefits Trends, married men with minor children have, on average, five times their annual household income in life insurance coverage – if they have coverage at all. However, married women with minor children have, on average, only three times their annual household income in coverage. This gender gap is noteworthy as both men and women express equal concern about the financial impact of their premature death on their families – six out of ten fathers and mothers say they are very concerned.

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