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Insurance Glossary

Industry jargon and unfamiliar terminology can be confusing.

No insurance resource would be complete without a helpful menu of terms and concepts. This information-rich list will help you make sense of the solutions you are considering.

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Actual Age

One method insurance companies use to determine the age of the individual. In this case, the applicant is that age for the 12 months following his/her birthday. For example, for a June 15th birthday: actual age would be until June 14th of the following year.