ATTAINED AGE
- The age in which the beneficiary of a retirement plan, insurance policy or other aged-dependent plan, is able to withdraw funds or receive benefits. The attained age can be any age wherein benefit are received. There are cases wherein the individual may have to conduct some action at the time the attained age is reach, such as retiring from a company.
- The age of an individual policyholder at a particular point in time. The attained age can be employed to calculate the pricing in the policies that appoints payments in accordance with the age of the policy holder. Normally, the pricing increments as the policyholder ages.
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