EU Gender Directive
Gender data tables for life protection and annuities
Like other life insurance companies LV= charge different premiums between men and women applying for life assurance, annuities, critical illness insurance and income protection insurance. The income paid by an annuity will also differ between men and women.
We feel that this is a fair way to price our products because this reflects the difference in expected claims patterns for these policies.
In order to help illustrate this, we have attached a link to data published by Continuous Mortality Investigation (CMI), which provides evidence of the difference in claims patterns between genders for the relevant insurance products based on UK insurance companies experience.
