Selfies May Figure Into Premium Calculations For Life Insurance

 Tuesday, April 25, 2017

 Live Insurance News

Selfies have become exceptionally commonplace, but these self-portraits may soon have an impact on life insurance premiums. In fact, as facial recognition and analysis technology continues to improve, it may one day determine whether or not someone even qualifies for a policy. The reason is that selfies provide a great deal of information about a person’s health and aging. The various details picked up by a selfie, such as drooping skin, fine lines and wrinkles, contours and even dark spots can be indicators of aging. When combined with other data, it may help insurers to calculate life insurance premiums or even whether or not they want to cover someone at all.
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