Gender ruling may worsen protection ownership differences


Ageas has questioned whether the impending move to gender neutral pricing will result in women falling further behind men in their willingness to protect themselves.

According to research commissioned by the provider, men purchase greater levels of life cover, critical illness (CI) and income protection (IP) than women, and the situation could get worse. The provider found 36% of men surveyed currently held life insurance with just 30% of women doing so. These results were reciprocated in both CI (10% compared to 7%) and IP (5% vs 4%). With the introduction of gender-based pricing being forced upon the industry by the European Court of Justice (ECJ) in December, it is widely expected life insurance rates will rise by as much as 10% for women. ...

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