Tom Meaglia photo

Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

July/August 2025

Protecting Women's Financial Contribution

Smiling young Asian business woman leader entrepreneur, professional manager holding digital tablet computer using software applications standing on the street in big city on sky background.

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 79.5 million women in the civilian labor force. Women are 47% of the workforce, and they own close to 15 million businesses.


More often than not, women combine career with motherhood. About 72.9% of women in the workforce are mothers with minor children. Of the 33-35 million mothers with kids under 18, roughly 40.5% are single mothers who are the primary or sole earners, compared to just 11% in 1960.


Figuring Value
While the value of women in the workforce continues to grow, the value of full- and parttime stay-at-home mothers is significant. It is relatively easy to gauge how much life insurance a person in the workforce needs, but 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 your licensed financial professional to learn more.


* Bureau of Labor Statistics; U.S. Census Data, 2023


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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
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