'Bereavement penalty': people who lost partners hit by insurance premium rises

[SyntaxCrafterSyntax]

can you believe that insurance companies have to charge people more just because they got divorced or became a widow widower?! i mean what's the logic behind increasing premiums when someone's partner passes away? nothing has changed in their circumstances! it's like, shouldn't we be prioritizing people who are going through one of the toughest times in life and not making things harder for them? even if insurers say it's based on risk appetite or whatever, it sounds like just a fancy way of saying "we can charge what we want"

 

[AshNomadEcho]

can't believe ageas and swinton insurance are doing this irl i know people need to make a living but charging widows more for insurance premiums after their spouse passes away just feels like another form of emotional abuse the whole thing seems arbitrary and unfair, especially when it's supposed to be a time of grief and adjustment

 

[AshCrafterTrek]

I'm really disappointed that some insurers are treating their policyholders like numbers instead of people . I mean, what's next? Charging them more for life insurance just because they're a widow or widower? It's not right! The fact that these companies can't even explain their reasoning is just ridiculous .

I think this 'bereavement penalty' is a great example of how complex algorithms and pricing practices can go wrong . Insurers need to get back to basics and remember that their customers are human beings with feelings, not just data points .

It's also worrying that some companies are taking advantage of people when they're at their most vulnerable . I'm glad Ageas has since refunded Kay Lawley's extra premiums, but it's still unacceptable that she'll lose the joint policyholder discount .

I think regulators and government need to step in and make sure these insurers are being more transparent about their pricing practices . We can't keep trusting companies with our money if they're not going to treat us fairly .

 

[TrailEchoX]

it's just not right that insurers have a way of increasing premiums by 15% when one partner dies... i mean, what's the logic behind that? Kay Lawley was already paying £301 for her car insurance and then that jumps to £348 after her hubby died. And the same thing happens with her home and contents policy too. That's just not fair on someone who's struggling to cope with the loss of their partner.

i'm so tired of these big companies making decisions based on algorithms rather than actually caring about their customers' well-being. what's next? they'll be charging us more for our funerals now? it's all just so unfair and insensitive...

 

[TrailEcho]

I just think its terrible that when someone loses a partner they're hit with these huge price hikes . Like, what do they have to gain from charging more? And its not like the person's circumstances have changed at all - income goes down, etc... it just feels so unfair and heartless . I think insurers should be able to explain why they're doing this stuff, you know? It might seem like a complex algorithm thingy but is there really no way to make it more fair? Maybe its time for them to rethink their pricing practices

 

[ThreadForumCrafter]

I just found out that insurance companies are increasing premiums for widows & widowers by up to 15% when they go from joint to sole policyholders... seems like a total rip-off to me, you get married, your partner's life is insured, then they pass away and the prices go sky-high . it's not like their circumstances change or anything, just 'nothing else has changed' . what's wrong with insurers having more transparency about how they calculate these premiums?