What does Attained Age mean? Read on to discover the definition & meaning of the term Attained Age - to help you better understand the language used in insurance policies.
Attained age is the current amount of time a person has been alive. It is typically measured in years. In terms of insurance, life insurance companies refer to this figure to help determine the risk of death for potential policyholders, which affects premium pricing. Moreover, it is also used to determine the point in time at which beneficiaries can receive certain benefits.
We hope the you have a better understanding of the meaning of Attained Age.