Attained Age

Attained Age

1. The age of a person holding an insurance policy. This may affect the premium that is paid.

2. The age at which a beneficiary, policyholder, or pensioner begins to receive payments from a plan.
References in periodicals archive ?
This could be a whole life policy at attained age with ongoing premiums or a single-premium, paid-up whole life policy at the attained age.
This means that only those people who had already attained age 65 before April 6, 2013, can continue to benefit from the higher age-related allowance.
* Three SPO exercise options at first death: (1) original issue age conversion; (2) attained age conversion; and, (3) Single premium/paid-up policy.
Later when Maria produced before the bench, she informed the bench that she embraced Islam without any influence and got freewill marriage with Bilawal according to the law of this land as it was fundamental right of a person who attained age of maturity.
1 lakh to those girls who have attained age of 21 years, provided they are not married before the age of 18 years and have appeared in Class XII examination.
Attained age methods have the same actuarial liability as the unit credit methods, but different contribution rates.
After the IRA owner's death, a beneficiary of an inherited IRA who has attained age 70 1/2 can make a QCD (Notice 2007-7, Q&A-37).
There was no appreciable variation in hazard ratios by attained age or between strata of other breast cancer risk factors.
The shape of this curve poses the question of whether mortality improvement is shaped entirely by the attained age or if there has been a benefit of being at the "right age at the right time:' In other words, is there a cohort effect as well as an attained-age effect?
Actuaries use a variety of methods (entry age, frozen entry age, attained age, frozen attained age, projected unit credit, or aggregate) to calculate employer contributions for funding purposes.
They adjusted for age and lung cancer secular trends by generating risk sets using attained age in 1-year increments as the timeline; they also included an ordinal variable for calendar year (1985-2000) in all models.
The fund management charges will range from 1.10 per cent - 1.25 per cent and the mortality charges will be calculated on the basis of the attained age of the parent.