It has always been accepted that women generally live longer than men. For years women have been charged lower rates for life cover than men, because statistically they live longer.
The EU gender directive is about to change all that. From 21 December 2012 women can no longer be charged less than men just because they’re women. This means it could cost you up to 15%^^ more for your life insurance if you wait till after 21 December to set up your life cover.
So, if you’re thinking about taking out life cover, there really is no time like the present.
^^ Source: 1 HM Treasury, December 2011