Summary
Gay couples in a civil partnership may pay higher prices for life insurance policies. But as this article explains, that is about to stop.
Life insurance companies embrace equality.
One of the last signs s of financial discrimination against homosexuals has been removed following a deal agreed between gay campaigners and the the Association of British Insurers (ABI).
The ABI has agreed to advise its members to scrap an exemption which allows them to treat gay couples in a civil partnership, differently to married heterosexuals. Until now, the exemption meant that gay couples could be charged higher premiums for life and critical illness insurance and other protection insurances.
But the ABI issued proposals to remove the exemption, claiming it was not necessary for insurers to differentiate between married couples and civil partnerships. It added that most insurance companies did not differentiate on the married/cival partnership basis, and all companies would stop doing so very soon.
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