Who Has Lower Life Insurance: Men Or Women?
As one gets of age they tend to start thinking about their families future without them. Life insurance, whether term life insurance or whole life insurance, is very important if they are the primary financial provider in the family. However, the price of life insurance varies greatly depending not only on the personal health and age, but also whether the insurer is a man or a woman. There are many factors associated with life insurance prices, and sex is a very important one. After numerous studies, it has been determined that as a woman an insurer pay far less than a man based on tests and health as well as way of life.
When it comes to purchasing insurance women get the better hand as its much cheaper for them and men tend to pay much more. This is due to the mans testosterone. Testosterone levels in men tend to get them involved in life risking behaviors. Men tend to work riskier jobs, as well as drive at higher speeds. Also, men are prone to more drinking than women as well as smoking.
Whole life insurance and term life insurance also tend to be more expensive for men because testosterone promotes higher blood pressure. This means the higher the chances of heart disease, diabetes, strokes, pulmonary disease and many more life threatening diseases, infections and illnesses that higher the chance of the man dying before the woman.
In the past it was thought that women tend to outlive men because they used to primarily stay at home and not deal with the stress of work or the outside world as much as men. However, in recent studies it was found out that since then, with women working as much as men the lifespan of women has increased. The only thing threatening both men and women, and one of the biggest factors for higher life insurance aside from the sex of the person purchasing it is smoking. Studies show that a smokers lifespan is reduced by 9 years, unlike what is seen in smokers. This is what makes smokers have a much higher life insurance, whether term life insurance or whole life insurance.
Life insurance is very important, and part of choosing the right insurance involves your health. This will help you determine whether you need to purchase whole life insurance or term life insurance. However, one factor that no one can change is their sex, and it is proven that women have much lower life insurance based on their lifespan and how susceptible they are to illnesses and disease.
by: Iftikhar tirmizi