Gender-nonconforming applicants won't be charged a higher rate because of their gender identity, but they will still need to apply for a policy under either male or female. According to a 2021 Life Insurance and Market Research Association study, women are far less likely to have life insurance than men. The study found that only 47% of women have life insurance, compared to 58% of men. This gender gap in life insurance ownership is concerning, as it can put women and their families at risk if something happens. Life insurance is an important financial tool for protecting loved ones from the financial burden of unexpected events. Women should take steps to close the gender gap in life insurance ownership by researching their options and finding the best policy for their needs and budget. It's also important to note that there may be differences in cost between genders regarding certain types of insurance policies. While some insurers may consider gender when setting rates, this isn't always the case, depending on where you live and what type of policy you're looking for. Overall, it's clear that there is a gender difference in life insurance ownership that needs to be addressed. Women should take steps to close the gap by researching their options and finding the right policy for them and their families.