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A Woman’s Financial Worth

We’ve all heard that few women recognize their own worth, but now research performed by Penn Mutual Life Insurance has proven it. The company’s recent “Worth for Women” study put an actual dollar amount on the various duties typically performed at home, and then asked women to determine their financial worth as a household member.

While Penn Mutual says that males overestimate their dollar contribution toward housework alone by 13 percent, 52 percent of women who participated in the survey short-changed themselves by $10,000. What’s even more shocking is that more than 32% of all women undervalued their annual household work contribution by a whopping $30,000.

Moms in the Work Force

When it comes to determining true financial value, mothers probably suffer more than anyone else. discovered that all moms typically carry out 10 different job functions. If a dollar value were applied to working mothers, they would typically make an additional $63,472 for their household accomplishments.

Working women, including business owners, need to consider owning insurance policies with coverage appropriate to cover the goals they are working toward; i.e. college tuitions, emergency medical, vacations, savings, mortgage payments, and the like.

Stay-at-Home Mothers

Most “non-working” mothers execute tasks similar to those performed by housekeepers, day care center teachers, cook, computer operators, facilities managers, van drivers, psychologists, laundromat operators, janitors and CEO’s. A typical stay-at-home mom’s tasks would garner an annual salary of $115,432 in today’s market.

Stay-at-home moms should determine the cost to sufficiently replace the missing “duties” that would need to be provided for their families should an unexpected death occur, then buy appropriate coverage.

What’s Missing in this Picture?

Regardless of whether a woman is single, married or divorced, both working women and stay-at-home moms consider domesticity their duty rather than recognizing housekeeping and family obligations as an occupation. While this flawed thinking may eventually take a physical and emotional toll, women need to begin putting an honest value upon their contributions to the household and family unit.

Sociologists believe that most women consider childcare, bill paying, housework, errand running and other home-centric tasks as their female “duty” rather than valuable services worthy of compensation. Though the average woman will spend close to twelve years of her life caring for children and other members of the family, she will often wind up missing out on many benefits – including retirement benefits and life insurance – that men would automatically earn for performing the same duties while on the job.

The Equality of Self Worth

According to, women who recognize their true financial worth and take steps to protect it report feeling more confident about retiring, have greater self-esteem, believe their opinions are taken seriously, feel more loved and take better care of themselves.

If you are a woman who either currently doesn’t have either full or term life insurance, or has failed to acquire sufficient coverage, it’s important that you speak with your insurance representative and financial advisor. This is especially important if you are a mother, care for aging parents or have incurred substantial debt that you would not want passed on to a spouse.

Changing your financial future means changing your attitudes about money. Ask yourself how your spouse, children or parents might be impacted if you were to unexpectedly pass away, and then work to rectify the situation.


Guest writer Jessica McIntire is an insurance consultant and blogger, and she recommends checking for up-to-date Life Insurance News to make sure you’ve considered all your options.

This post was written by a guest writer for Prime Parents Club. We are not currently taking new guest writers.

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