"Do Life Insurance Premiums Vary Between Males And Females?"
Yes they do and the differentials might surprise you. This is not a discrimination issue on the part of an insurance company. Essentially, insurance companies employee actuaries to analyze past death rates and correlate the findings to create “Mortality Tables”. These tables are usually prepared separately for men and women and take into account factors such as occupation, recreational activities, social activities etc. These tables are used to determine life insurance premiums.
Hmm. Proof positive that it pays to be a FemaleJ.Actually, according to the World Health Organization, men in the United States have a life expectancy of 75.9 years, while a woman’s life expectancy is 80.5 years. This 4.6 year differential in life expectancy between men and women creates the differential in premiums reflected above.