Women have always lagged behind men in life insurance ownership, but those numbers are quickly closing in. According to a study done by LIMRA, almost 6 out of 10 women owned some sort of life insurance in 2010, about the same as men’s ownership. So, what’s the big deal? Life insurance, whether male or female, has always been one of the most cost effective ways for men and women to protect their loved ones in the event that anything should happen to them — as well as provide for their own futures. It protects your family in the event of lost income due to death, provides retirement security, pays off mortgages and can even fund college educations. Life insurance is crucial when it comes to protecting your financial future.