The cost of an annuity is greater for females than it is for males.

Question

Quizplus · Accepted Answer

This is true because females generally have a longer life expectancy than males, which means they are expected to receive payments from the annuity for a longer period of time. As a result, the insurance company selling the annuity will need to charge a higher premium to females in order to ensure they have enough funds to make payments for the expected duration of the policy.

The Cost of an Annuity Is Greater for Females Than