Life Insurance Costs in Houston, Men and women pay different rates for life insurance right out of the box. And it is purely the result of the statistics.
Life insurance rates are largely determined by life expectancy, so the longer you plan to live, the lower the rates could be. Statistically, women live longer: an American woman is expected to live around 83 years for the expected 79 years of a man. Therefore, if the qualification for life insurance were based only on life expectancy, a man would pay more every time. (However, it is important to note that gender is only one consideration when applying for life insurance. Other factors include your age and your overall health).
Now add this statistic to the mix: 46% of Americans surveyed have no life insurance coverage at all. That means too many people don’t have the coverage they need to help their loved ones in the event of a sudden tragedy. There is nothing to cover final expenses or replace lost income and no inheritance is left… Finding yourself in financial trouble does not know the gender.
When you’re ready to work together to create a policy tailored to you, your loved ones, and your goals, contact me. Statistics are statistics, but your unique needs have the potential to shape your coverage and rate into something unexpected!