Difference between single and divorced...?

Question

So I would rather consider myself single instead of divorced. When I get insurance quotes and loans and stuff (I know I have to say divorced on taxes) but on all that other stuff does it really make a difference and can it be considered fraudulent if I say single vs. divorced?? just curious if it really affects rate quotes and stuff.

Answer 1

There must be some statistical difference between single and divorced people. Insurance is all about the odds. You have a poll of 100,000 people and they all want life insurance for $500,000 and you know that about 100 of them will die in some way during the next year, you can calculate what each person needs to pay so you break even (about $500 in the next year). Now if you know that some are older than others, some smoke, some work dangerous jobs, basically some have a higher probability of dying, you can charge them more and charge everyone else less.

This is the whole insurance game, make enough money to cover all the claims.

Answer 2

There's no such tax filing status as "Divorced." You're either Single or Married as far as the IRS is concerned.

If you're been married and the marriage ended via a divorce, your status is "Divorced" if the choices include Single and Divorced. Sadly, that sometimes makes a difference on insurance rates, etc. Might be worth fighting, though...

Answer 3

It's probably legal for them to ask since it undoubtedly has some actuarial impact. If you say single and you're divorced, you may be putting yourself at risk if you need to make a claim. However, I would guess that divorced is more beneficial than single when it comes to auto insurance.

Answer 4

Good question. I am not really sure but it seems to me that it shouldn't be anyones business if you are divorced or not other than on taxes or legal documents.

Answer 5

Maybe, yeah

Answer 6

Well, it depends..