AGE BASIS Clause Samples
The AGE BASIS clause defines how the age of an individual is determined for the purposes of the contract, typically in insurance or employment agreements. This clause specifies whether age is calculated based on the nearest birthday, last birthday, or another method, and may affect eligibility, premiums, or benefits. Its core function is to ensure consistency and clarity in age-related calculations, thereby preventing disputes or misunderstandings regarding age-dependent provisions.
AGE BASIS. Age Last Birthday
AGE BASIS. Age Nearest Birthday
AGE BASIS. Age Last Birthday [redacted] VUL3NY (11/15/2000) B1 10/20/2000 ---------------------------------------------------------------------------------------------- IDS LIFE INSURANCE COMPANY OF NEW YORK ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Basis for VUL III Reinsurance Premiums ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- ALB ANNUAL COST OF INSURANCE RATES PER $1000 (BEFORE ALLOWANCES) ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Male Male Male Female Female Female ---------------------------------------------------------------------------------------------- Attained Preferred Standard Standard Preferred Standard Standard ---------------------------------------------------------------------------------------------- Age Nonsmoker Nonsmoker Smoker Nonsmoker Nonsmoker Smoker --- --------- --------- ------ --------- --------- ------ ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- 0 ---------------------------------------------------------------------------------------------- 1 ---------------------------------------------------------------------------------------------- 2 ---------------------------------------------------------------------------------------------- 3 ---------------------------------------------------------------------------------------------- 4 ---------------------------------------------------------------------------------------------- 5 ---------------------------------------------------------------------------------------------- 6 ---------------------------------------------------------------------------------------------- 7 ---------------------------------------------------------------------------------------------- 8 ---------------------------------------------------------------------------------------------- 9 ---------------------------------------------------------------------------------------------- 10 -----------------------------------------------------------...
AGE BASIS. Age Last
AGE BASIS. Nearest.
AGE BASIS. [ ]COLI – Age last birthday
AGE BASIS. Age [Nearest] [Last] [Next]
AGE BASIS. Age Last Birthday B1 IDS LIFE INSURANCE COMPANY Basis for VUL III Reinsurance Premiums ALB Annual Cost of Insurance Rates per $1000 (before allowances)
AGE BASIS. VUL - Age Last Birthday • PPVUL - Age Nearest Birthday
AGE BASIS. Age Last Birthday E POLICY FEES The Reinsurer will not participate in any policy fees.