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DEFINITION OF JOINT AGE CALCULATION


Many life insurance companies issue or have issued policies on two insureds. These policies are called joint survivor, second-to-die or first-to-die life insurance. Many older policies had special calculations done behind the scenes that reviewed the age and medical underwriting of both insureds and determined a joint age or joint equal age in order to rate the insureds lives as one. By assigning this joint age, the policy values, expenses and performance are determined based on only one age calculation.

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