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Glossary of Insurance Terms

There are 154 entries in this glossary.
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All A B C D E F G H I L M N O P Q R S T U V W
Term Definition
Attained Age

Insured's age at a particular time. For example, many term life insurance policies allow an insured to convert to permanent insurance without a physical examination at the insured's then attained age. Upon conversion, the premium usually rises substantially to reflect the insured's age and diminished life expectancy.

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