Attained Age Conversion

Attained Age Conversion

When one switches between two life insurance policies, the change in premium due to the difference in ages when each policy starts. For example, if a person bought a life insurance policy at age 35 and changed to a different policy at age 55, attained age conversion would likely result in a higher premium.
References in periodicals archive ?
* Three SPO exercise options at first death: (1) original issue age conversion; (2) attained age conversion; and, (3) Single premium/paid-up policy.