Women vs. Men: Term Life Insurance Rates
When it comes to term life insurance rates for men and women, premiums are less expensive for women. According to data from the U.S. Census Bureau, the projected life expectancy of a female born in 2010 is 81.4 years, while that of a male is 75.6. The difference in women vs. men term life insurance rates can start out small at a younger age but increases as you get older. Enter your ZIP code below to start comparing life insurance quotes for free.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
UPDATED: Jul 10, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Jul 10, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Term life insurance premiums are lower for women than for men. While this probably comes as no surprise to many, we do periodically get questions from consumers about this. The simple answer is because of increased mortality in men. In other words, women live longer.
According to data from the U.S. Census Bureau, the projected life expectancy of a female born in 2010 is 81.4 years, while that of a male is 75.6. Although the gap has narrowed over the past twenty years or so, this still represents a difference of nearly five years.
The following chart represents the premium difference by gender for a typical 10-yr term life insurance policy with a $750,000 coverage amount.
|
|
Female Read More: Life Insurance Rates by Age & Gender
|
Male |
|
25 |
$192.50 |
$207.50 |
|
35 |
$200.00 |
$215.00 |
|
45 |
$432.50 |
$440.00 |
|
55 |
$955.00 |
$1,305.00 |
|
65 |
$2,017.50 |
$3,602.50 |
While the difference in premium is rather small at younger ages (e.g. about 7 percent at age 25), it is significantly higher at older ages. For example, the difference at age 65 is a staggering 80 percent!
Case Studies: Women vs. Men Term Life Insurance Rates
Case Study 1: Married Couple in Their 60s
Mary and John, both 65 years old, have recently retired and want to ensure their financial security during their golden years. They have worked hard to accumulate savings and assets over the years and want to protect each other John’s premium quote for the same policy and coverage is lower at $750.00 per month.
Case Study 2: Middle-Aged Individuals
Emily, a 38-year-old woman, is a working professional and wants to ensure the financial security of her family in case of any unforeseen circumstances. She has dependents and wants to protect them with life insurance coverage. Emily applies for a 30-year term life, Emily receives a premium quote of $360.00 per month.
Case Study 3: Pre-Retirement Age
Julia and David, both 48 years old, are approaching their retirement years and want to secure their financial future. They want to ensure that their loved ones will be financially protected even if something were to happen to them before they retire. Julia and David apply for a 15-year term life insurance policy with a $750,000 coverage. They provide their personal and health information to the insurance company for assessment.
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Frequently Asked Questions
What is the difference in term life insurance rates for men and women?
Term life insurance rates are generally lower for women compared to men. The difference is primarily due to the higher mortality rates observed in men. Women tend to have a longer life expectancy, resulting in lower premiums for them.
How does the life expectancy of men and women affect term life insurance rates?
The projected life expectancy for a female born in 2010 is 81.4 years, while for a male, it is 75.6 years. As women have a higher life expectancy, insurance companies consider them to be lower risk, resulting in lower premiums for women compared to men.
Do the term life insurance rate differences between men and women change with age?
Yes, the difference in term life insurance rates between men and women tends to increase as individuals get older. While the gap in premiums may be relatively small at a younger age, it becomes significantly higher as people reach older age groups.
Can you provide an example of the premium difference between men and women for a 10-year term life insurance policy?
- At age 25: Female – $192.50, Male – $207.50
- At age 35: Female – $200.00, Male – $215.00
- At age 45: Female – $432.50, Male – $440.00
- At age 55: Female – $955.00, Male – $1,305.00
- At age 65: Female – $2,017.50, Male – $3,602.50
How can I compare term life insurance quotes for free?
To compare term life insurance quotes from multiple companies, you can enter your ZIP code on our website and use the free quote tool. The more quotes you compare, the higher your chances of finding competitive rates. Remember, our service is free, and your quotes are always secure with SHA-256 encryption.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
