Is Life Insurance More Expensive For Males?

Elaine Brookes Steve Case

Author: Steve Case - Insurance Expert

Reviewed & Fact Checked By: Elaine Brookes

Updated: 17th May 2024

Is life insurance more expensive for males?

Gentlemen, are you aware that life insurance premiums might be higher for you just because you’re a man?

We are frequently asked is life insurance more expensive for males? It’s a little-known fact that men in the UK can sometimes pay more for life insurance than women. But why does this happen?

And what can you do to reduce your premiums? Read on to discover the ins and outs of life insurance pricing in the UK and how it affects you.

Men’s Life Insurance In Summary:

Securing life insurance as a man is more crucial and attainable than ever. It empowers you to provide for your loved ones even when you’re no longer around.

While premiums may be slightly higher for men, the peace of mind and protection it offers are invaluable.

  • Consistency: Unlike the cost of a beer at your local, your life insurance premiums can remain consistent every month.
  • Payout Peace Of Mind: Impressively, men’s life insurance policies have a payout rate of 96%, with £3.85 billion paid out to policyholders in 2023.
  • Price Match Guarantee: Let us know if you find a better quote somewhere else. We’re confident we can match the same level of cover for less.
  • Free Quotes: You can get quotes from Insurance Hero at no cost. Life insurance premiums could be as affordable as one trip to the cinema or one Takeaway from Deliveroo or JustEat.

Compare The Best Men’s Life Insurance Companies And Receive Quotes That Meet Your Exact Requirements

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benefits of men's life insurance cover


Life insurance is a crucial financial safety net that provides peace of mind and security for you and your loved ones.

However, the cost of premiums can vary depending on several factors, such as your age, health, lifestyle, and even your gender. In this article, we’ll explore why life insurance may be more expensive for males in the UK and offer some valuable tips on finding the best deals.

Why Life Insurance Matters

Financial Security

Life insurance is essential for providing financial support to your dependents and loved ones in case of your untimely passing.

It can help cover a range of expenses, such as:

  • 💰 Debts and mortgages
  • 👪 Financial support for your family
  • 🌹 Funeral costs

Peace of Mind

A life insurance policy ensures that your family’s financial future is secure, which can greatly reduce stress and anxiety. You can rest easy knowing that your loved ones will be cared for, no matter what life throws your way.

How Life Insurance Premiums are Determined

Personal Factors

Several personal factors play a role in determining life insurance premiums, including:

  • 📅 Age
  • 🚹 Gender
  • 🏥 Health and medical history
  • 🚬 Lifestyle choices (e.g., smoking)

Policy Factors

Premiums are also affected by the type of life insurance policy you choose, the coverage amount, and the term length.

In the UK, the main types of life insurance policies are:

  • Level term
  • Decreasing term
  • Over 50s
  • Whole of life
  • Income protection

The Gender Gap in Life Insurance Premiums

The Impact of Gender on Mortality Rates

Men and women have different life expectancies and risk factors, which can affect life insurance premiums.

On average, women live longer than men, and this discrepancy in life expectancy plays a role in calculating premiums. Men also tend to have higher risk factors, such as a higher likelihood of engaging in dangerous occupations, hobbies, or lifestyle choices.

The Gender Pricing Gap in the UK

Historically, life insurance premiums have been higher for men than women in the UK, reflecting the differences in life expectancy and risk factors.

However, recent trends indicate that this gender gap may be narrowing thanks to advancements in medical science and improved awareness of health and lifestyle factors.

Guys life insurance broker

Other Factors Affecting Life Insurance Premiums for Males

Occupation and Risk

Men are more likely to work in high-risk jobs, such as construction, mining, or firefighting, which can result in higher life insurance premiums. Insurers consider these risks when calculating premiums, so if your job involves a high level of danger, you can expect to pay more.

Hobbies and Lifestyle Choices

Certain sports and hobbies, such as skydiving or motor racing, can also lead to higher life insurance premiums for men. Additionally, smoking and excessive alcohol consumption can increase your risk of health problems, resulting in higher premiums.

Percentage Difference in Life Insurance Premiums by Gender:

Age GroupIncrease Difference For Men (%)

Factors Affecting Life Insurance Premiums for Males in the UK:

FactorDescriptionHow to Reduce Costs
AgeThe younger you are, the lower your life insurance premiums will generally beApply for coverage early in life
HealthA healthy lifestyle can lead to lower insurance premiumsMaintain a healthy weight, exercise, and avoid smoking
OccupationHigh-risk occupations can result in higher premiumsConsider a safer occupation, if possible
Coverage AmountThe more coverage you want, the higher your premiums will beOpt for a lower coverage amount
Policy LengthLonger policy terms generally result in higher premiumsChoose a shorter policy term

How to Make Life Insurance More Affordable for Males

Shopping Around

One of the best ways to find more affordable life insurance for men and Dads is to shop around and compare quotes from different providers.

Doing so can save hundreds or even thousands of pounds on your premiums over the policy’s life. Remember to look for special discounts or promotions.

Improving Health and Lifestyle

Making positive changes to your health and lifestyle can also help lower your life insurance premiums.

Some steps you can take include:

  • 🚭 Quitting smoking
  • 🏋️‍♂️ Maintaining a healthy weight
  • 🏃 Engaging in regular exercise

Choosing the Right Policy

Selecting the most suitable life insurance policy for your needs can significantly impact the cost of your premiums.

Here’s a quick overview of the main types of life insurance policies available in the UK:

  • Level term: Provides a fixed lump sum payout if you pass away during the term of the policy. Premiums remain the same throughout the term.
  • Decreasing term: Designed to cover a decreasing debt, such as a repayment mortgage. The payout decreases over time, and the premiums are usually lower than for level term policies.
  • Over 50s: A type of whole life insurance specifically designed for individuals aged 50 and over. No medical examination is required, but premiums can be higher.
  • Whole of life: Guarantees a payout whenever you pass away, as long as you continue to pay the premiums. These policies can be more expensive than term policies.
  • Income protection: Provides a regular income if you can’t work due to illness or injury. It’s not a traditional life insurance policy but can be valuable to your financial safety net.

Take the time to carefully consider your needs and research the different types of policies to find the best fit for your circumstances.

Is Life Insurance More Expensive For Males? Conclusion

In conclusion, life insurance premiums in the UK tend to be higher for men due to differences in life expectancy and risk factors.

However, by shopping around, improving your health and lifestyle, and choosing the right policy, you can save significant money on your premiums.

Protecting your loved one’s financial future is essential, so it’s worth investing the time and effort to find the best life insurance policy for your needs.

If you have any further questions, our team at Insurance Hero is always here to help. Don’t hesitate to reach out and get the answers you need.

Protecting your loved ones is important regardless of gender, so ensure you have the right life insurance coverage.

Frequently Asked Questions (FAQs)

Why do life insurance premiums differ between males and females?

Life insurance premiums are often higher for men because they have a shorter life expectancy and are more likely to engage in high-risk occupations, hobbies, and lifestyle choices.

Are there any life insurance providers that do not charge different premiums based on gender?

In recent years, some providers have started to offer gender-neutral policies. However, these policies may still consider other factors, such as age, health, and occupation, which can result in higher premiums for men.

Can males lower their life insurance premiums by making lifestyle changes?

Yes, positively changing your health and lifestyle, such as quitting smoking, maintaining a healthy weight, and engaging in regular exercise, can help lower your life insurance premiums.

What types of life insurance policies are most suitable for males?

Your most suitable life insurance policy will depend on your needs and circumstances.

Researching the different types of policies available, including level term, decreasing term, over 50s, whole of life, and income protection is essential.