When it comes to the likelihood of becoming disabled, women have a greater frequency of disability claims than men resulting in higher premium rates.  The reasons for this are tied to medical conditions like breast cancer, complications of pregnancy, and other illnesses that are specific to females. As well as the number of women in the workforce is growing at a rate that is twice that for men according to the Bureau of Labor Statistics.

Females are charged “Sex Distinct” premium rates.

However, it is possible for females to purchase insurance with “Unisex” or “Gender Neutral” rates, which when combined with other discounts, can reduce premiums as much as 50%.  As the name implies, “Unisex” premium rates for disability insurance are the same regardless of gender.

Many female professionals e.g., (doctor, dentist, attorney, accountant, engineer, etc.) or executives will purchase disability insurance at standard “Sex Distinct” female premium rates simply because they are not aware of multi-life situations that might be arranged with “Unisex” premium rates.  It is not to say your personal situation can result in a “Unisex” premium rate, but it is always something I will consider and look into on your behalf.   

Note even with “Sex Distinct” female premium rates, there are ways to reduce your premium cost.