What is prohibited regarding insurance based on an individual’s age?

The question addresses the protections against age discrimination in insurance practices. When it comes to insurance policies, particularly in areas such as health, life, and credit insurance, it is essential to ensure that individuals are treated fairly and equitably regardless of their age.

Prohibiting limitations on coverage amounts based on age prevents insurers from unfairly capping benefits for older individuals who may need more coverage due to health considerations. Refusing to insure an individual solely because of their age constitutes outright discrimination, undermining the principle that all individuals should have access to insurance products. Additionally, discrimination based on health status often intersects with age, as older individuals may have different health challenges, and ensuring non-discrimination helps promote fair treatment.

Thus, the correct answer encompasses the collective prohibitions against these discriminatory practices, reinforcing the commitment to fair access to insurance regardless of age.