What are the various age determination options?

Company policy effective date: The employee's age will be determined based on their age at the company policy's effective date. If your policy has this determination style, we will use the employee's age as of the company policy effective date to calculate their premium for the associated plan.

Example: A company's life policy is effective 1 / 1 /2019 with a contract length of 24 months. An employee's life plan is effective 3 / 1 /2020. The employee turned 30 on 2 /15/2020. If the life plan age determination setting is "company policy effective date," we will use their age as of 1 / 1 /2019 to calculate their premium. The employee was 28 on 1 / 1 /2019.


Most recent policy anniversary date: The employee's age will be determined based on their age at the company policy's most recent anniversary date. If your policy has this determination style, we will use the employee's age as of the company policy's most recent anniversary date to calculate their premium for the associated plan.

Example: A company's life policy is effective 1 / 1 /2019 with a contract length of 24 months. An employee's life plan is effective 3 / 1 /2020. The employee turned 30 on 2 /15/2020. If the life plan age determination setting is "most recent policy anniversary date," we will use their age as of 1 / 1 /2020 to calculate their premium. The employee was 29 on 1 / 1 /2020.


Future renewal date: The employee's age will be determined based on their age at the company policy's renewal date. If your policy has this determination style, we will use the employee's age as of the plan’s future renewal date to calculate their premium for the associated plan.

Example: A company's life policy is effective 1 / 1 /2019 with a contract length of 24 months, renewing 1 / 1 /2021. An employee's life plan is effective 3 / 1 /2020. The employee turned 30 on 2 /15/2020. If the life plan age determination setting is "future renewal date," we will use their age as of 1 / 1 /2021 to calculate their premium. The employee will be 30 on 1 / 1 /2021.


Employee’s effective date: The employee's age will be determined based on their age at their enrollment effective date. If your policy has this determination style, we will use the employee's age as of their plan effective date to calculate their premium for the associated plan.

Example: A company's life policy is effective 1 / 1 /2019 with a contract length of 24 months, renewing 1 / 1 /2021. An employee's life plan is effective 3 / 1 /2020. The employee turned 30 on 2 /15/2020. If the life plan age determination setting is "employee’s effective date," we will use their age as of 3 / 1 /2020 to calculate their premium. The employee will be 30 on 3 / 1 /2020.


Majority of policy: The employee's age will be determined based on their age for the majority of the plan’s policy. If your policy has this determination style, we will use the employee's age as of the majority of the plan’s policy to calculate their premium for the associated plan.

Example: A company's life policy is effective 1 / 1 /2019 with a contract length of 24 months, renewing 1 / 1 /2021. An employee's life plan is effective 3 / 1 /2020. The employee turned 30 on 2 /15/2020. If the life plan age determination setting is "majority of policy," we use their age between 2 /15/2019 and 2 /14/2020 to calculate their premium. The employee was 29 between 2 /152019 and 2 /14/2020.

Unknown: Use this if you don’t know your plan’s age determination policy. We will use your carrier’s default determination setting instead. If we do not have a default setting on hand for your carrier, we will use “employee’s effective date” as the age determination rule.

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