Life Insurance relies heavily on facts. Biological sex matters, as does age, lifestyle factors, occupation and where you live. These factors all contribute to determining the price and details of individual policies.
Many factors impact the cost of your life insurance, and gender plays one of the biggest roles in pricing. We already know there’s a gender gap when it comes to life insurance, simply because more women have insurance policies than men. Women also tend to live longer, with historical data since the late 1800s showing that men simply have a shorter life expectancy.
The conversation changes when it comes to transgender applications because the medical history is much more unique.
It is still legal in all states except Montana for life insurance companies to charge life insurance rates based on gender. Your gender is one of the many factors that impact how much you pay for your life insurance. Other factors include things like where you live, your occupation and your lifestyle choices, such as whether you smoke or drink.
Transgender people are not allowed to be discriminated against, but the facts remain, biological sex matters. As does a person’s medical history.
The American Journal of Preventive Medicine reports that transgender people are far more prone to mental illness than cisgender people, with depression and suicide among the most common issues. Suicide is especially prevalent among those with gender dysphoria, a kind of diagnosis that refers to the strong desire to act or be treated as a different gender from the one assigned at birth.
Trans extremists can insist all they like that a man can be a woman and vice versa, but that view is not supported by science. They want to be able to answer insurance questionnaires according to their feelings, denying scientific fact.
Binary spokeswoman, Kirralie Smith, said the pressure that insurance companies now face to appease activists denies reality.
“Males and females have different life expectancies, unique medical concerns and are affected by life according to their biological reality,” she said.
“Costumes and feelings don’t alter these facts. Invasive medical procedures and surgically mutilating healthy body parts can also cause medical issues.
“This is important information for determining life insurance policies. If everyone else is expected to answer the questions honestly and factually, so should trans people.”