Insurance

Attained Age

Your current age plays a significant role in the world of finance, particularly when it comes to life insurance. This is known as your attained age and it is a key factor in determining your premiums. As we age, the likelihood of death during the insurance coverage period increases, resulting in a higher risk for the insurance company. This, in turn, leads to higher premiums. It's important to understand how your age impacts your financial decisions, especially when it comes to life insurance.

Related terms

Law of large numbers

Understand the meaning and definition of Law of large numbers in the context of stock market, trading, and investments.

MORE
Homeowners insurance policy

Understand the meaning and definition of Homeowners insurance policy in the context of stock market, trading, and investments.

MORE
Average adjusters

Understand the meaning and definition of Average adjusters in the context of stock market, trading, and investments.

MORE
Catastrophe model

Understand the meaning and definition of Catastrophe model in the context of stock market, trading, and investments.

MORE
Irrevocable beneficiary

Understand the meaning and definition of Irrevocable beneficiary in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers