Gender does matter— especially when it comes to insurance. Whose rates are higher? And is it justified?
The process of determining premiums based on gender is known as gender rating, and it has its critics. Here are several examples of how gender impacts your insurance rates.
Women’s life insurance rates are lower because they statistically live longer than men.
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With the arrival of fall, many residents in coastal areas may not be thinking of hurricanes or tropical storms.
However, industry data source the Insurance Information Institute recently reminded consumers that the hurricane season lasts until November 30. The organization says there are a number of steps homeowners can take to make sure they are prepared.
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Slightly more than 8 percent of Americans suffer from asthma, according to the Centers for Disease Control and Prevention, which also found that factors like location and economic status can influence the development of the chronic illness.
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The Federal Emergency Management Agency issued a statement Monday, warning homeowners that it could be a dangerous move to decide against purchasing flood insurance if they live in an area that could be affected by such an event.
Federal coordinating officer Brad Harris said “if more people knew the real risks and were aware of the real odds we’d have a lot more people signing up for flood insurance,” adding that roughly a quarter of all flood losses occur outside of even so-called “100-year floodplains.” This means that consumers must work to educate themselves about their real risks of suffering home damage from a flood.
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LOS ANGELES, Calif. — Thousands of residents from Los Angeles
When you’re young, long-term care insurance is not something
