Women Are A Better Risk

Actuaries for health insurance companies like to insure those that have a lower risk of using their insurance benefits.  In Colorado, some individual health insurance companies won’t cover people who compete professionally in dangerous sports, roofers, loggers, casino operators, firefighters, miners, taxi drivers, etc. 

Now there’s an insurance company in South Africa that considers being a guy too much of a risk.  With 1st for Women, by checking the box on the application that says “male”, you’re already considered too dangerous to get insurance.  As AdFreak reported: the insurance company,

which offers coverage only to women, is under the impression that women are a safer bet, insurance-wise, because they don’t put one another in senseless danger.

I guess I’d have to agree with that.  Being a guy, you’d think I would have an argument with a company generalizing all men as being too dangerous to offer insurance.  But from my experience, I think I’ll just congratulate them on coming up with such a good idea.  And for those that don’t agree, their TV advertisement will help to remind you what they’re talking about.

About Jay Norris

Jay operates a health insurance brokerage in Colorado, where he helps individuals and small groups obtain and maintain health insurance coverage.
Complimenting his work as a health insurance broker, Jay also provides data analysis and creates visualizations that are easily understood by consumers and other stakeholders in Colorado’s health insurance market.

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