Attained Age Definition Life Insurance. The age increase is exactly what it sounds like. Effective age — definition, an appraiser's estimate of the physical condition of a building.
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. The age increase is exactly what it sounds like. Here is how to calculate actual age when buying life insurance coverage.