Montana Insurance

F. Unisex Montana has a law since October 1985. If the result met with your predictions?

A. It is very close. For example, we said that women would no longer have to pay at the end, men and pay a little less. . . . I think that what we are very concerned about the truth, women are raped, their own business. Marsha Levick: “gross” discrimination

Question Time. If women and men are different from insurance rates?

Answer. Women should not be charging different rates than men for all types of insurance. . . . This is not only discrimination based on sex in its obvious form, but it. . . has a very negative effect on women.

Question: In what way?

A. Start with health and disability, where the differences are perhaps the largest and discrimination is evident. Where women are paying 25 to 50 or 60 per cent more. . . .

In life insurance, women receive less value for their dollar. Although perhaps pay lower prices for life insurance, which for the most part, are lower cash values and dividends at the time of retirement. What women are able to purchase, on the path of their results in pensions less and less monthly retirement benefits during their years to come. . . .

Although many women under 25 often pay less than young men for auto insurance, women throughout their life, beginning at age 16, have fewer accidents than men. If the industry to use performance were as a basis for setting premium rates, women would be less to pay for their entire lifetime.

Question: The insurance industry argues that women are biologically differently than men and should therefore be treated differently. Do you agree?

R. I believe that what the industry must now focus on, first, voluntary differences between individuals. For example, research on auto insurance, a thousand dangers and sobriety are basically at the base, why men have more accidents. These are voluntary decisions Lifestyle voluntary decisions, individuals and are thus better as a basis for creating expensive. . . .

Question: Do you agree that to achieve equality between women no longer have to pay for insurance?

A. That ’s not quite correctly. . . . I think that women beneficiaries of elimination of the use of sex as a basis for fixing.

Question: Is this been the case in Montana?

A. The feeling in Montana, it evened out. What happened is that some gains in life insurance and auto insurance. Declines were recorded in health insurance for women. But the general opinion is that, over their lifetime women would be eligible, because the entry into the retirement income, they have increased as a result of the change in the price of life insurance. COMPARING insurance whole life insurance: 50000 $ Amount man’s face, age 35: annual premium of $ 650 women, age 35: $ 546 Years of premium individual major medical health insurance: free $ 1000 , $ 1 million lifetime of the man the greatest benefit, age 35: Annual premium of $ 935 women, age 35 $ 1368 annual premium income of individual disability policy: coverage Depending on the age 65, 30-day elimination period, $ 2000 men, aged $ 35 annual premium of 948 women, age 35: annual premium of $ 1156 a hypothetical auto policy: for one residence in Manhattan with an impeccable record car readers, a four-door Plymouth Reliant. The policy is only $ 50000 limit the full protection of injury with a deductible of $ 200 for collision coverage and $ 200 a proportion for coverage. The policy includes $ 20000 motorists had no protection. The man, age 35: annual premium of $ 1078 woman, age 35 $ 957 premium years (Source: American Council for Life Insurance, Inc. Insurance Services Office)