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Why do insurance companies not offer policies to older individuals at a higher price rise to reflect this?

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It is difficult for older people to buy private medical insurance at almost any price. Although it is true that older people have much higher probability of ilness and therefore claims agains insurances, why do insurance companies not offer policies to older individuals to reflect this?

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The expert determines if insurance companies do not offer policies to older individuals at a higher price.

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The whole premise of insurance is that the cost of a possible incident is offset by the premium you pay but for insurance companies to be successful, the premiums paid have to be more than the insurance payout for illness or accidents. For most people, the ...

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