Women and Asset Protection: How Insurance Can Help


As a woman, you’re juggling all kinds of responsibilities every day. And each day, life brings risks that you’ll need to negotiate. No matter your age and stage of life, insurance products offer peace of mind for you and your family. Here’s an overview of the key types to consider based on your financial and personal circumstances:



Life insurance

  • Provides funds for your loved ones when you die, so they can maintain a similar lifestyle should you die prematurely.
  • Funds can be used in any way necessary, to assist with transportation needs, child care, and other fees incurred for having others take on a portion of your responsibilities.
  • Do you own a business? If so, life insurance can also be used for company expenses like payroll, key employee benefits, and other operating costs while your estate is being settled.


Health insurance

  • Protects you and your family against extraordinary costs from a true health crisis,
  • Get it through your employer, an association or club, or on your own.
  • The better your benefits, the higher the cost. Be sure you understand what your deductibles and other costs are in order to weigh your options.


Auto insurance

  • Safeguards your assets in the event you are found liable for an accident.
  • Protects you against the cost of repairs or replacements from theft, vandalism, and natural disasters.
  • Watch for legal requirements in your states; in some areas you are required to purchase a minimum amount of coverage.


Homeowners insurance

  • Protects against unexpected loss of or damage to your home or possessions.
  • You receive funds for repairs or replacement in the event of thefts, natural disasters, and more.
  • Can also provide coverage for liability claims, medical expenses, and other expenditures that result from property damage and injuries suffered by others.

Note: If you’re a renter, you’ll still want to consider a special policy to protect you in the event that the contents of your home or apartment are damaged.


Disability insurance

A short- or long-term injury or health issue can sideline you and pose a risk to your income. Disability insurance typically replaces a portion of your earned income in such instances (often between 50% and 70%). It comes in three forms:


  • Private insurance
  • Group policies provided through your employer
  • Government insurance (Social Security disability benefits, or others offered through state governments)


Long-term care insurance

As we age, many of us will need long-term care. Coverage for these expenses is particularly important for women, due to their longer life expectancy. Benefits vary depending on your choices, but care could be provided:

  • In your home
  • In assisted-living facilities
  • At adult day-care centers
  • In hospices
  • In nursing homes

Business insurance

If you own your own business, be sure to protect it. Business owners may be interested in many kinds of insurance, including:

  • Property and casualty insurance
  • Liability insurance
  • Group health, life, and disability insurance coverage for you and your employees

Need help deciding?

Talk to an advisor at Horizon Bank to assess your total financial picture, and discuss the types of insurance that may be most necessary for you. Learn more at www.horizonbank.com/investments/insurance-services or call today at 219-873-2683.