Why Does Life Insurance Cost More For Men?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance costs more for men simply because men die sooner than women on average, according to actuarial tables. The difference in rates between men and women is not as much at younger ages and for short term insurance. It is in longer term and permanent policies, and policies purchased at an older age, where the price increases for men show up more. That is because the policy is insuring the male to an older age, and the chances of mortality are higher.
    Answered on June 28, 2013
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