Sun Life Direct

Old Ladies Get Less

Posted on Tuesday, June 22nd, 2010 in Annuity Rates

I was always a tomboy as child doing what my brothers did and always joining with the neighborhood boys. I always believed I was one of the boys and could do anything they could. Of course, there came the time when I finally learned to appreciate my femininity, but my mindset on being able to do things as well as the males only slightly changed. And I always expected to be given the same chances males are given.

Let me be clear: I am not a feminist, but I have recently been familiarizing myself with the mechanics of looking for the best annuity rates and technicalities of pension annuities, seeing as I’m nearing the big 5-0, and I learned that females get less income than males! However would I get to buy presents for all my grandchildren? And what about the vacation of a lifetime I’ve been planning?

It’s really silly, but I have been grumbling about this until a friend told me males get more because their life expectancy is short and therefore has higher chances of not having to be paid for a long time. But still!

I finally stopped complaining about it altogether when my friend remarked: “Well, look on the bright side. Your car insurance premiums are less compared to males.”

Fair enough.

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