Attained Age

Definition

  • The age of an insured person at a specific time. Commonly used in life insurance policies to determine premiums when converting from one form of insurance to another.

Synonyms
years old, actualized age

Related Terms and Acronyms

  • Actual Age Definition,
    • The years since a structure was built. Differs from effective age.
  • Actuarial Table Definition,
    • A table used in actuarial science that outlines the statistical probability that an individual of a specific age and sex will die within a year.
  • Actuary Definition,
    • An individual who assesses the mechanisms, mathematics and complexities of risk and uncertainty.
  • Convertible Life Insurance Definition,
    • A type of term life insurance policy that has the option to be converted into a permanent life insurance policy such as whole or universal life insurance.
  • Effective Age Definition,
    • An appraiser's estimate of the physical condition of a building. The actual age of a building may be shorter or longer than its effective age.
  • Issue Age Definition,
    • The policyholder's age when the policy was first issued, to the nearest year.
  • Life Insurance Definition, Very Important,
    • An arrangement where an insurer agrees to pay a benefit to one or more beneficiaries in the event of the policyholder's death.
    CanEquity offers life insurance.
  • Premium Definition,
    • A payment made to an insurance company for insurance coverage.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage