Women’s vs. Men’s Term Life Insurance in Canada

Unity Life of Canada joined the Foresters family in April 2008 and as of Jan 23 2012 changed their name to Foresters Life Insurance Company.

Term life insurance provides affordable insurance premiums for a stated term, such as 10 years, 15 years, 20 years or 30 years. The longer the term, the higher the initial premium.

Most term policies are guaranteed renewable after the initial term at a much higher premium and most term policies are convertible to a Permanent Level-rate policy without a medical. Keep in mind, the premiums are based on the insured’s age at the time of coversion.

Women will pay a much lower rate than men for Term Life insurance.

The following is a snapshot of the pricing on Women’s Term Life insurance versus Men’s Term Life insurance on a 30-year term:

This pricing is based on a 40-year-old, male non-smoker with $250,000 worth of Term 30 life insurance.

Wawanesa is $57.30 a month

Primerica is $60.56 a month*

Unity Life is $61.20 a month.

* The Primerica policy is not convertible.

This pricing is based on a 40-year-old, female non-smoker with $250,000 Term 30

Unity Life is 42.98 a month.

Wawanesa Life is 43.88 a month

La Capitale is 44.17 a month.

For more details on how Women’s Life Insurance policies compare with male’s, please contact us at 1-866-899-4849, or visit our Instant Quote Term Life Insurance Homepage.


Woman should pay less, we take less risks. Less risk and smarter decisions means we are more likely to live longer.

LSM Insurance
LSM Insurance

There are number reasons why woman live longer. But you’re right they offer less risk to insurance companies and thus pay less than man all other factors being equal.

LSM Insurance
LSM Insurance

Good point. What’s also interesting is that Morbidity rates are higher among women and hence the have higher disability insurance premiums.


Life insurance is mainly priced by mortality tables. These tables will show the average life expectancy for your gender and age. If you smoke, participate in dangerous activities, or have health problems, this will also affect you mortality rate. The biggest reason that life insurance cost more for men is that men have a shorter life expectancy compared to women.