Why is Life Insurance Cheaper for Women?

Shawn Plummer

CEO, The Annuity Expert

Why Is Life Insurance Cheaper For Women?

Life insurance tends to be more affordable for women, primarily due to the following reasons:

  • Mortality Tables: Actuarial data used by insurance companies indicate that, on average, women live longer than men.
  • Risk Assessment: Insurers base their rates on the likelihood of the policy needing to pay out. Since women statistically live longer, they’re seen as a lower risk.
  • 2. Deemed Less Risky Behavior
  • Lifestyle Factors: Studies and statistics often show that women engage in fewer risky behaviors than men.
  • Health and Safety: This general trend leads to a lower likelihood of early death, making women less risky to insure from an insurance company’s perspective.

How Mortality Tables Influence Insurance Rates

Mortality tables are a critical tool life insurance companies use to determine the likelihood of a policyholder’s death at various ages. They use statistical data to assess life expectancy, directly influencing premium rates.

  • Women in Mortality Tables: These tables often show a higher life expectancy for women, which translates into lower insurance premiums.
  • Gender-Based Pricing: Using these tables explains why there’s often a noticeable difference in life insurance rates between men and women.


On a 20-year term at Preferred rates for 500k. Age 44.

  • Male – $51.00 a month
  • Female – $40.00 a month

Shopping for Insurance

When looking for life insurance, it’s important to consider a wide range of options:

  • Over 50 Insurance Carriers: By shopping across a broad spectrum of insurers, you can find the most suitable and cost-effective policy for your needs.
  • Personalized Quotes: Each individual’s circumstances are unique, so personalized quotes are essential to find the best coverage.

Contact Us for Insurance Shopping

For those in the market for life insurance, it’s advisable to shop around and compare offers from multiple carriers. This approach helps in finding the most affordable and appropriate coverage based on individual requirements. Using our life insurance quote tool can do this for you.

Contact us to shop over 50 insurance carriers.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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