My fathers date of birth is December 13, 1948. Assuming I buying the insurance in the year 2008, do I have to select the age as 59 years or 60 years?
If your father already had a birthday this year, the age is based on the current year – birth year. Therefore, in 2008, it would be 2008 – 1948 = 60 years. If your father didn’t have a birthday this year yet as of the effective date, the age is based on the current year – birth year – 1. Therefore, in 2008, it would be 2008 – 1948 – 1 = 59 years. Assuming that your policy is going to be effective on September 5, 2008, the age would be 2008 – 1948 – 1 = 59 years. If the policy were to be effective on December 24, 2008, the age would be 2008 – 1948 = 60 years.
