Life insurance rates are determined largely by life expectancy, so the longer you’re projected to live, the lower your rates might be.
Statistically, women live longer: an American woman is expected to live about 81 years to a man’s expected 76 years, and a Canadian woman is expected to live around 83 years to a man’s expected 79 years. Therefore, if qualifying for life insurance was based on life expectancy alone, a man would pay more every time. (However, it’s important to note that gender is only one consideration while you’re applying for life insurance. Other factors include your age and your overall health.)
When you’re ready to work together to build the tailored policy that takes you, your loved ones, and your goals into account, contact me. Stats are stats, but your unique needs have the potential to shape your coverage and your rate into something unexpected!
At WFGInsuranceQuotes.com we help protect families all over the country. Let us help you. Contact us today.
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