Problem of age discrimination: All of a sudden the premiums for the elderly are increased. In the worst case, it is no longer possible to conclude a contract after a certain age, as several cases documented by “Krone” show. The Seniors Association now wants to take action against this.
Age discrimination has been abolished at the banks, but it is still a long time coming at the insurers. Life expectancy is increasing. Today’s retirees are active longer than their mothers and fathers. At the age of 82, Mr. P. is still very sporty. He loves the mountains, puts on his skis in the winter and goes to the alpine pastures in the summer. The cheerful senior has been a member of the Alpine Club for decades. He offers accident insurance through an insurance company, which Mr. P. is happy to take out. However, this is denied to him with reference to a maximum age of 74 years.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
