Industry pundits have long lamented a gender gap in insurance and financial planning. Depending on what you're measuring, that gap can be modest — or monumental.
Take personal savings. The shortfall in retirement assets, which former Bank of America executive Sallie Krawcheck pegs at $13 trillion, will largely be borne by women in retirement, in part due to their lower earnings and longer life expectancies relative to men.
On the financial protection front, nearly half of women polled in a NerdWallet survey — 49%, as compared to 37% of men — say the death of a spouse would adversely impact their ability to make mortgage payments, save for college tuition and pay bills because their family is uninsured or underinsured.
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