What is prohibited regarding insurance for individuals aged 70 and older?

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Insurers cannot refuse to insure or limit insurance based on age for individuals aged 70 and older due to regulations aimed at protecting older adults from age discrimination in insurance practices. This principle is rooted in the understanding that as people age, they may face challenges in obtaining necessary insurance coverage. Prohibiting insurers from denying coverage or imposing limitations based solely on age ensures that older individuals have access to essential insurance products, which is vital for their financial security and peace of mind.

This protection aligns with broader anti-discrimination laws that emphasize equitable treatment across different age groups, particularly vulnerable populations like seniors who may already experience other forms of discrimination. By preventing insurers from making age-based decisions, the law encourages fair access to insurance, thereby safeguarding the rights and needs of older adults.

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