Michael A. Milazzo, CLU, ChFC

Registered Principal


The Meridian Financial Company

90 Lawrence Avenue, Suite 4, Smithtown, NY 11787


Phone:  631-979-4223

Fax: 631-656-8199 


Email: meridian@ae.cadaretgrant.com

Website: www.merfinco.com

May/June 2018

Protecting Women's Financial Contribution

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Women continue to comprise a bigger part of the workforce, usually while maintaining traditional roles at home. Both roles prove women create significant economic input. Because of their economic contributions at home and away, women may need life insurance.

A Snapshot

Women are involved in every facet of the workforce. According to the Department of Labor’s Bureau of Labor Statistics (BLS)*, there are 74.6 million women in the civilian labor force. Women are 47% of the workforce, and they own close to 10 million businesses. These enterprises account for $1.4 trillion in receipts.


More often than not, women combine career with motherhood. The same BLS report shows seven in 10 mothers with children younger than age 18 are in the workforce – three-quarters of them full-time. Today, mothers are the primary or sole earners for 40% of households with children under 18 today, compared to just 11% in 1960.

Figuring Value

While the value of women in the workforce continues to grow, the value of full-and part-time stay-at-home mothers is significant.


While it is relatively easy to gauge how much life insurance a person in the workforce needs, the economic value of a stay-at-home mom is a little more difficult to discern.


You might start with the cost of day care and after-school care needed for young children. Women also may don the hats of personal shopper, chauffeur, housekeeper, chef and more. If you were to pay for these services with overtime pay making up a significant part of your equation, it is easy to see how a stay-at-home mom is worth at least six figures a year.

Choosing an Amount

Of course, life insurance is about more than funding the cost of a woman’s household services. Buying a life insurance policy is a deeply personal experience, because it addresses an event we would rather not ponder. Still, life insurance is about preparing for the worst financially and hoping for the best.


It’s clear women are a growing economic force, and that they need life insurance as much as the guy in the next cubicle — or corner office. Talk to a licensed financial professional to learn more.


* Bureau of Labor Statistics Blog “12 Stats About Working Women” by Mark De Wolf, March 1, 2017


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Michael A. Milazzo is a Registered Representative of and offers securities through Cadaret, Grant & Co, Inc, a member of FINRA and SIPC. The Meridian Financial Company and Cadaret, Grant are separate entities. I am registered to sell Securities in the following States: NY, PA, NC, FL, CO, ID.
The Meridian Financial Company and LTM Client Marketing, Inc. are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

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