Of course, this is done all the time with auto insurance, which is a lot easier to codify.
Speeding tickets, accidents, dui’s, all are matters of record and cause higher premiums, sometimes VERY much higher. And I don’t blame the insurance companies for that at all.
Health insurance is a little less cut and dried. How fat is too fat? According to my domestic partner, anything over 115 pounds is too fat. How does anyone know if you smoke only at home. It’s all a little murky.
They’ll have to take my Miller Lite out of my cold dead hands, is all I know.
And life insurance.
Speeding tickets, accidents, dui’s, all are matters of record and cause higher premiums, sometimes VERY much higher. And I don’t blame the insurance companies for that at all.
That's what insurance is...assessing risk and then offering to assume claims....for a predetermined premium.
Health insurance is a little less cut and dried. How fat is too fat? According to my domestic partner, anything over 115 pounds is too fat.
Have you ever answered the underwriting questions on a life app? They ask you if you race motorcycles.
How does anyone know if you smoke only at home. It’s all a little murky.
They can use a saliva test or hair test to see if you smoke or take drugs. They probably wouldn't get all that nit-picky. Obesity, chronic disease, smoking and age could be legitimate factors.
They’ll have to take my Miller Lite out of my cold dead hands, is all I know.
I doubt that they would care unless the proposed insured was a fall-down drunk alcoholic.