Sarah Tolson Kim, CFP® and Founder of Girls Just Gotta Have Funds
You’re a Key Breadwinner—or the Only OneWhether you're the sole provider or part of a dual-income household, your income likely funds essential needs: mortgage or rent, childcare, tuition, retirement savings, and more. Life insurance ensures your family or loved ones can maintain their lifestyle if you’re no longer here to provide for them.
Disability insurance is equally vital. Statistically, a woman in her 30s is more likely to become disabled for 90+ days than to die before age 65. A long-term illness or injury could derail your income stream for months—or years—unless you have a plan in place.
Think of disability insurance as "income insurance." It protects the investment you've made in your education, training, and career. A disability can come from an accident—but more often, it’s due to illness, mental health conditions, or pregnancy-related complications. Having coverage allows you to continue meeting financial goals even if you can’t work for a while.
Many professional women are part of the "sandwich generation"—caring for both children and aging parents. Life and disability insurance can fund caregiving support, pay off debts, or ensure college savings and eldercare plans stay intact, even if your income is interrupted.
If you're self-employed, run a business, or earn six figures, you may not have employer-provided benefits—or they may be inadequate. Customized individual policies give you the flexibility and full coverage you need without being tied to an employer.
Waiting until you're older or develop health issues can significantly increase costs—or even make you ineligible. Women often delay these decisions while prioritizing other financial goals. But the earlier you secure coverage, the more affordable and effective it will be.
Professional women juggle a lot—but protecting your income and legacy shouldn’t fall off the list. If you’re not sure where to start, a financial advisor can help evaluate your needs and find the right policy based on your career, goals, and family situation.
From Connections Newsletter (Member Tips): June 2025
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The suggestions of the contributor do not constitute professional advice and are intended for general informational and educational purposes only. Nothing contained herein is intended to be or should be used as a substitute for professional advice, and readers should not act or rely on this information without seeking specific guidance directly from a qualified professional.
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