Medicare can be complicated. Explore our guides to basic coverage, supplement plans, Medicare Advantage, and more.
Pet Insurance can be complicated. Explore our guides to basic coverage, end-of-life plans, chronic health conditions, and more.
In life insurance, adverse selection occurs when a person’s demand for life insurance is positively correlated with that person’s risk of loss. In other words, it is the tendency of those in high risk jobs or lifestyles to purchase life insurance and therefore, insurance companies reduce their exposure to large claims by offering limited coverage or by raising premiums.