In most instances, women do usually have lower life insurance premiums than men. When this is not true, it is usually because there is an insurance regulation, company policy, or law that specifies otherwise.

The reason for the lower premiums is that statistics indicate that women tend to live longer than men. As a result, the probability of having to pay a death claim is lower for women at each age.

Insurance companies are therefore able charge women a lower premium than they must charge men for the same amount of life insurance protection.