MLchartDataset catalogue

Original age

Term · Insurance and risk management · MLC-T-INS-002436

The age of the insured at the time an insurance policy was initially issued. This age is a key factor in determining the premium rates for many life and health insurance products. When a policy is converted or exchanged, sometimes the original age can be used to calculate new premiums, potentially resulting in lower costs than using the insured's current age.

Table 1. Record
IdentifierMLC-T-INS-002436
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002436",
  "term": "Original age",
  "field": "Insurance and risk management",
  "definition": "The age of the insured at the time an insurance policy was initially issued. This age is a key factor in determining the premium rates for many life and health insurance products. When a policy is converted or exchanged, sometimes the original age can be used to calculate new premiums, potentially resulting in lower costs than using the insured's current age.",
  "url": "https://mlchart.com/terminology/insurance/original-age/"
}

Record 2,429 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.