What If Life Applicants Decline to Choose a Gender?
September 3, 2019 by Allison Bell
Some people now try to avoid identifying themselves as male or female. In some cases, those people prefer to describe themselves as being “nonbinary.”
An actuary on the staff at the National Association of Insurance of Commissioners (NAIC) is wondering whether, and how, the existence of nonbinary people might affect the world of life insurance.
Reggie Mazyck, an NAIC life actuary who serves as a contact person for the NAIC’s Life Actuarial Task Force, is looking into the matter, according to a copy of the draft minutes for an in-person task force session held in early August, in New York, at the NAIC’s summer national meeting.
Mazyck has started his research by sending an email to the Life Regulatory Actuarial email list.