Why do life insurance companies often charge different rates for males and females?
Who pays more by age, a male or female, and why do you think this is so?
Men pay a higher ate on average for their life insurance than women.
This is true because women have a longer life expectancy than men.
Also, on average, men may work more hazardous jobs presenting a greater risk of death.
Also, the older the applicant is when applying for life insurance, the higher the rate for the coverage.
Life insurance rates are based on life expectancy, how long the person being insured is expected to live. Since women have a longer life expectancy than men, women pay a lower rate for their life insurance.
Here's an article explaining more about why do men pay more for life insurance then women.