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The moral issue of whether or not it’s fair to charge one gender more than the other is a non-factor for an actuary when they determine rates. Actuaries do look at the gender of someone applying for coverage, as well as their age, health, occupation, geographic location, lifestyle and other factors. (Credit: andrih yalaniski /Stock.adobe.com) The moral issue of whether or not it’s fair to charge one gender more than the other is a non-factor for an actuary when they determine rates. Actuaries do look at the gender of someone applying for coverage, as well as their age, health, occupation, geographic location, lifestyle and other factors. (Credit: andrih yalaniski/Stock.adobe.com)

When first married, many couples sit together and evaluate their insurance coverages and costs: life, health, disability, auto and supplemental policies they have, such as critical care insurance, cancer insurance and accident insurance. As a result, they will often meet with insurance agents and financial advisors to consolidate their coverages and make any changes that they feel will be beneficial.

Something that may get their attention as they get quotes on insurance is the gender gap with insurance rates.

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