Question

What do age limits stipulate in insurance?

a.

The maximum age at which a policyholder can claim benefits

b.

The minimum age at which a policyholder can purchase insurance

c.

The range of ages within which an insurance company accepts applications or renews policies

d.

The age at which the policyholder is no longer eligible for insurance coverage

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).The range of ages within which an insurance company accepts applications or renews policies Explanation:Age limits stipulate the minimum and maximum ages below and above which the company will not accept applications or may not renew policies.

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