Tim and Tom are twins. When they applied for life insurance from Company A, the insurance company found that while neither of them smoked and both have a very similar lifestyle, Tim was in much stronger financial position than Tom. Because of this, the company charged Tim a higher rate for his insurance. This practice would be

Insurance

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Tim and Tom are twins. When they applied for life insurance from Company A, the insurance company found that while neither of them smoked and both have a very similar lifestyle, Tim was in much stronger financial position than Tom. Because of this, the company charged Tim a higher rate for his insurance. This practice would be

A. Twisting

B. Interdependent sale

C. Post underwriting

D. Discrimination

Answer: D. Discrimination

You should now have gotten the answer to your question “Tim and Tom are twins. When they applied for life insurance from Company A, the insurance company found that while neither of them smoked and both have a very similar lifestyle, Tim was in much stronger financial position than Tom. Because of this, the company charged Tim a higher rate for his insurance. This practice would be”, which was part of Insurance MCQs & Answers. Thanks for choosing us.