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 ?
This would see the age limit rise for scratchcards and online instant win games, but stay the same for draw-based games such as the Lotto and EuroMillions.
With regard to an amendment by Diko, which asked that the age limit be abolished altogether, Georgiou said a policeman over 45 and 50 "can't take part in operations", adding that the resources invested by the state in their training will go to waste, since they would retire shortly thereafter.
In pursuance of Cabinet's decision notification regarding upper age limit 28 to 30 for CSS Competitive Examination has been issued by the Federal Public Service Commission (FPSC).
Blunt instruments Though term limits provide greater flexibility in board composition and may inspire more confidence in investors than age limits, many of the interested parties agree that both mechanisms are blunt instruments for addressing the real issue: creating and maintaining a high-performance board with the right mix of compe-tencies.
"For me, the age limit is discrimination," said Blatter, aged 77.
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.
The upper age limit is part of the Hague Convention on Protection of Children, which will be implemented in Irish law under the legislation.
"Before deciding on a stance I wish to have further information on the effect of lowering the voting age to other age limits mentioned in legislation," the prime minister was quoted as saying.
The millionaire music entrepreneur's new show, which is being called The X Factor, will scrap upper age limits.
The age limit has long been a barrier for middle-aged and elderly job seekers, but the number of businesses now offering jobs without age limits and placing priority on ability is increasing, albeit still low.
The information came in response to the Ombudsman's own initiative inquiry launched last May into the use of age limits in recruitment to the EU institutions.The 'ageist' institutions claim that age limits are justified on grounds of sound financial management.