Attained Age Law and Legal Definition

Attained age is the present age of an insured person, calculated by adding the period elapsed since issue of insurance policy to his/her age when the insurance policy was issued. For example, many term life insurance policies permits an insured to convert to permanent insurance without a physical examination at the insured's then attained age. It is also defined as the age at which the beneficiary of an insurance policy, a pension plan, or a trust, is to receive the benefits.