Issue Age Policy

Issue Age Policy
An insurance policy whose rate is dependent on the age of the individual who purchases it. An issue age policy is more expensive for an older individual than a younger one, but once purchased does not increase in price any further. Premium payments typically increase as the cost of healthcare services rises as a result of inflation.

Insurance companies tie the cost of an issue age policy to an individual's age because older policy holders are more likely to require treatment. Compared to attained age policies, issue age policies are typically less expensive in the long term. Attained age policies become more expensive as the policy holder grows older.


Investment dictionary. . 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • age of consent —    The age of consent has been discussed from Plato, through Locke and into contemporary public policy. It covers a variety of different situations, from smoking, taking alcohol and watching X rated movies to legal permission to engage in various …   Encyclopedia of contemporary British culture

  • Attained Age — 1) The age at which the beneficiary of an insurance policy, retirement plan or other aged dependent plan, is able to receive benefits or withdraw funds. Attained age can be any age at which benefits are received. In some cases, the person may… …   Investment dictionary

  • One-child policy — Government sign in Tang Shan: For a prosperous, powerful nation and a happy family, please practice family planning. The one child policy (simplified Chinese: 计划生育政策; traditional Chinese: 計劃生育政策; pinyin: jìhuà shēngyù zhèngcè; literally policy of …   Wikipedia

  • Domestic policy of the Harper government — Several policies regarding interior and domestic issues in Canada were planned and adopted by the Canadian Cabinet, chaired by Prime Minister Stephen Harper, following the January 23, 2006 election of the Conservative Party to a minority of seats …   Wikipedia

  • Nuclear energy policy of the United States — For other uses, see Nuclear policy of the United States. George W. Bush signing the Energy Policy Act of 2005, which gave extensive funding and aid to help reinvigorate the nuclear industry in America. The nuclear energy policy of the United… …   Wikipedia

  • Voting age — A voting age is a minimum age established by law that a person must attain in order to be eligible to vote in a public election.The vast majority of countries in the world have established a voting age. Most governments consider that those of an… …   Wikipedia

  • Neville Chamberlain's European Policy — Neville Chamberlain holding the paper containing the resolution to commit to peaceful methods signed by both Hitler and himself on his return from Munich. He is showing the Anglo German Declaration to a crowd at Heston Aerodrome on 30 September… …   Wikipedia

  • Foreign policy of the United States — United States This article is part of the series: Politics and government of the United States …   Wikipedia

  • American Constitution Society for Law and Policy — The American Constitution Society for Law and Policy (ACS) is an organization of lawyers and law students in the United States that promotes progressive and liberal public policies and legal theories.Issue groupsThe ACS s Constitution in the 21st …   Wikipedia

  • Islamic Golden Age — The Islamic Golden Age, also sometimes known as the Islamic Renaissance, [Joel L. Kraemer (1992), Humanism in the Renaissance of Islam , p. 1 148, Brill Publishers, ISBN 9004072594.] was traditionally dated from the 8th century to the 13th… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”