With most companies the answer is yes. This is because statistically women live longer thean men. Since life insurance rates are based on mortality tables which predict the average life span of individuals, rates are going to be lower than for men. Some companies offer Unisex rates that uses an average of the two and bases their rates accordingly.
Life insurance is cheaper for women if comparing the same rating class of each sex. The older the person is, and the longer the guaranteed coverage period lasts, the bigger the price discrepancy. That is because men die at a younger age than women, on average.
If the woman has a health condition, or is overweight or underweight, smokes, or has some other risk factor to bump her into a higher rate class than a man of the same age, her rate can be higher than his. Just being a woman does not automatically mean she will pay a cheaper price than a man.
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If the woman has a health condition, or is overweight or underweight, smokes, or has some other risk factor to bump her into a higher rate class than a man of the same age, her rate can be higher than his. Just being a woman does not automatically mean she will pay a cheaper price than a man.