Accrington Web - View Single Post - Equal rights

WillowTheWhisp · 09-09-2004, 17:22

Life insurance for women is usually either cheaper than for men of the same age or the cover is higher. That is nothing to do with attracting the custom of women it is because on the whole women live longer than men. Insurance companies work from statistics. That is why if you live in a high risk area your buildings and contents insurance is higher. You are, in the opinion of the insurance company, more likely to be burgled because more burglaries take place in those areas.

The older you are when you take out a new life insurance policy the higher your premiums will be because the company presumes they will get less money out of you before you shuffle off. They are in the business of making as much money as possible. (spoken as an ex employee of the finance industry)

09-09-2004, 17:22	#31
WillowTheWhisp Resident Waffler Join Date: Jun 2004 Location: Accrington, Hyndburn Posts: 18,142 Blog Entries: 14 Liked: 14 times Rep Power: 1060	Re: Equal rights - but only when it suits? Life insurance for women is usually either cheaper than for men of the same age or the cover is higher. That is nothing to do with attracting the custom of women it is because on the whole women live longer than men. Insurance companies work from statistics. That is why if you live in a high risk area your buildings and contents insurance is higher. You are, in the opinion of the insurance company, more likely to be burgled because more burglaries take place in those areas. The older you are when you take out a new life insurance policy the higher your premiums will be because the company presumes they will get less money out of you before you shuffle off. They are in the business of making as much money as possible. (spoken as an ex employee of the finance industry) __________________