Maximum age of an applicant or insured beyond which an insurance company will not initially underwrite a risk or continue to insure it. For example, under some forms of Renewable Term Life Insurance coverage will not be renewed beyond age 60.
| Insurance Dictionary: Age Limits |
Maximum age of an applicant or insured beyond which an insurance company will not initially underwrite a risk or continue to insure it. For example, under some forms of Renewable Term Life Insurance coverage will not be renewed beyond age 60.
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