For Fathers

Cheaper Life Insurance – Tricks of the Trade

Are you male? Did you take out Life Insurance before December 2012? Then you could be paying too much for your Life Insurance…

Before the 2010 Equality Act (which came into force December 2012) insurers could charge different prices on Life Insurance for men and women. The Equality Act states that from the 21st of December 2012 insurers can’t use gender as a factor to determine the cost of premiums for Life Insurance, or any similar type of insurance.


Life Insurance doesn’t have to be a headache!

For example, a Life Insurance Policy taken out before the Equality Act may have been higher for a man because statistically men tend to live shorter lives than women, but now under the new Equality Act insurers will not discriminate against gender by charging a higher price, unless they can justify that the gender of the client will actually cause a higher risk.

Statistically this means that women buying life insurance have in some instances seen their premiums rise significantly while men’s premiums have fallen around 10% according to the Association of British Insurers.

So if you are a man and you took out a Life Insurance policy before the 21st of December 2012 then you could be paying a higher rate for your Life Insurance than if you switch to a new Life Insurance policy now that the Equality Act has come into force.

To read the section on sex discrimination with regards to insurance, scroll to Schedule 3 Part 5 in the Equality Act document.

Active Brokers Real Customer Examples:

Customer 1

Legal & General Critical Illness conditions history, an example from one of many insurers – Click Here

Customer 2

Customer 3


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1 comment
Mark says December 20, 2014

I was one of the many that had overpaid. My renewal with Active Brokers was over 25% cheaper.

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