Age Limit

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Age Limit

The maximum age for which one is eligible for an insurance policy. For example, a life insurance company may refused to sell a policy to someone over the age of 90 because it is unlikely that the person will live long enough for the insurance company to recoup the death benefit in the person's premiums.
References in periodicals archive ?
Advocates for term limits believe that set terms can avoid the potential problems that come with age limits or no limits: erosion of genuine independence over time, inability of the board to refresh itself in a timely manner, and loss of touch as the company's business environment changes dramatically.
I am sure the FIFA Congress will seal the second part of reforms, except on one issue: age limit, which is what the media have been talking about as if it were the most important thing in the world," Blatter said after a meeting with Mauritius's Prime Minister Navin Ramgoolan.
He said the majority of Fern Lea residents moved in when the upper age limit was 60+ with many suffering from health problems.
Plaid Cymru is calling for a full review of licensing laws for firearms, with particular focus given to a minimum age limit.
There will be no age limits in terms of the upper range.
However, the LAPD quietly lifted the age limit more than a year ago when it realized that there was a problem with the provision, said Phyllis Lynes, assistant general manager of the personnel department's Public Safety Bureau.
began last fall actively calling on businesses to recruit employees without age limits by offering them a discount rate for advertisements.
The LDP said, ''It is necessary to gain a social consensus before removing age limits, as it will heavily affect traditional employment practices in Japan.
For example, boards might require directors above age limits to tender resignations annually, but leave boards the option to accept or reject resignations.
An increase in the age limit could be included in the impending Health Bill, which will also give Wales the powers to go it alone and introduce an outright ban on smoking in public places.
8: To extend the age limit for helmets with face guards in hurling from minors to U-21s.
The Lord Chancellor will scrap lower age limits for the majority of appointments within his jurisdiction, it was announced yesterday.