The Chicago Tribune reports that to save money on life insurance, it helps to be a young woman who doesn’t smoke, a new report shows.

Men pay an average of 38 percent more than women for the same life insurance policy, according to InsuranceQuotes.com.

The gap widens with age:  a 25-year-old man pays 25 percent more for the same policy than a woman of the same age. By age 65, the difference grows to 40 percent.

To read more, see  Men paying 38% more for life insurance, on average – chicagotribune.com.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.