What Does AME Mean?

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What does AME mean? Read on to discover the definition & meaning of the term AME - to help you better understand the language used in insurance policies.

AME

AME

Average monthly earnings is a statistic used by the Social Security Administration to calculate an individual's Social Security benefits. To arrive at this number, the Social Security Administration uses the top-earning 35 years of a person's career after age 21 to calculate a monthly average for their earnings.

We hope the you have a better understanding of the meaning of AME.

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