Women Talk to State Farm About Insurance
A recent study undertaken by State Farm Insurance revealed some interesting trends in how women view themselves as financial planners, and how they trust the professionals who can help them in their financial decisions. One of the most troubling findings of this State Farm Insurance study was that women are having a hard time trusting the service providers who could be assisting them with finances, savings and insurance. Women revealed in the State Farm study that they trust their doctors vastly more than they trust their financial advisors.
The women who replied to this State Farm Insurance study were asked about service providers they had strong relationships with, and they ranked financial advisors as some of the lowest for going above and beyond what was required of them. Women also revealed to the State Farm study interviewers that they were more likely to wait for a major event in their life, be it positive or negative, before getting their finances in order. The State Farm Insurance study revealed that American women would take more control of their money, however, if they suddenly came across more money, experienced the death of family or friends, became ill, got divorced, lost income, got a raise, or heard of a trend such as recession or inflation.
This State Farm Insurance study, called the Musts of Trust, has found that women do not feel as if life insurance policies are in their budget and they do not always see how important these policies are in order to be prepared for the unexpected. The State Farm study did find, however, that most women insure their cars, their health, their homes and their lives.
State Farm Insurance offers complimentary Insurance Financial Reviews to help consumers find the policies that fit within their budget and provide the best coverage, whether they are women, men or families.