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Comparing Life Insurance Rates for Men with Rates for Women
Your insurance rates
could be vastly
different from your spouse's.
image by Ian MacKenzie
All things being equal, insurance rates for women are much less than they are for men.
The reason for this is the average woman in Canada lives to age 82, while the average man lives to age 77, according to Statistics Canada.
Other variables, beyond age, that impact price include, the applicant's health, smoking status and lifestyle or occupation risks.
The chart below indicates the difference between insurance rates for men and women under a variety of plans from the leading insurance companies in Canada (plan definitions follow the chart):
40-year-old male, non-smoker @ $500,000
Equitable Life: $35.55/month - Term 10 @ $500,000
$52.55/month - Term 20 @ $500,000
Industrial Alliance: $114.75/month - Term 30 @ $500,000
Assumption Life: $230/month - Universal Life Term 100 @ $500,000
Manulife: $391.84/month - 20 pay insurance @ $500,000
40-year-old female, non-smoker @ $500,000
Equitable Life: $25.65/month - Term 10 @ $500,000
$43.55/month - Term 20 @ $500,000
Industrial Alliance: $83.20/month - Term 30 @ $500,000
BMO Insurance: $182.83/month-Universal Life Term 100 @ $500,000
Manulife: $323.86 - 20 pay insurance @ $500,000
Term 10 premiums are level for ten years
Term 20 premiums are level for twenty years
Term 30 premiums are level for thirty years
Universal Life Term 100 premiums are level and payable for life
20 pay insurance premiums are level and payable after 20 years. The insured is then covered for his/her lifetime with no further payments.
You can get your own personalized quote by visiting our free Instant Quote Page, or contact us at 1.866.899.4849 for more details.
Direct line: 905.248.4849 Email:
I am looking for a 50.000 dollar life insurance policy. I am 82 and turn 83 on November 7th,2009
it would be a short term policy about 5 years and want to know what my premiums would be thank you. Please send the quote to my email address ….@…
Hi Orville,
Thanks for the note. I will send you an email now. Regards …
i want to know how much would it cost for life anssuranceme woman 63yr old my son patrick 37yrold other son 33yr oldhow much everymonth i will have to give
we don;t have life anssurance i live in canada new brunswick grand fall new brrunswick can i have one here
Hi Claudette,
We happy to help out with a quote. I will email you now. Thanks!
My mother is 83 and is looking for some life insurance – not a large amount. Can you help?
Thanks Debby. The rates will depend on your mothers health and smoking status. We work with carriers who insure people 85 and under. We’ll send you a separate email now.
hi mother is 80 years of age and im hoping you can
help me for some life insurance.
Hi Raj,
Thanks for the note – we insure people 85 and under so we should be able to help.
The premiums will depend on your mother’s smoking status, the type of plan and the death benefit. Regards,
I would like information for Life Insurance without a medical check up. I am 70 years old in good health and would like a price for $100,000.00 and options.
Thanks Rochelle – the rates will depend on your smoking status and the type of plan. We will send you a separate email now.
I am looking for a insurace policy that will help me with funeral expenses and leave some to my four children I am single person ,living alone . I have my own house. Also I am a diabetic but under control.Please send some advice. I have no idea what to look for.
Thanks for the note. The premiums will depend on your age, smoking status and type of plan.
We will send you a separate email now.