What Does Rate-Up In Age Mean?

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

Rate-Up In Age

Rate-Up In Age

System of rating substandard risks that assumes the insured to be older than the insured really is and charging a correspondingly higher premium.

We hope the you have a better understanding of the meaning of Rate-Up In Age.

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