Insurance & Women: The Gender Gap

According to recent statistics, there continues to be a gender gap when it comes to life insurance: men are better protected than women. In the U.S., 58 percent of men have coverage, whereas only 47 percent of women do, and that gap further increases for minorities and younger women. Over the past five years, the life insurance rate for women has dropped by 10 percentage points.1 Insurers in Canada suggest that this gap exists here at home.2