Entry age

The entry age is insurance , the age of the insured person (this is often, but not always the policyholder ) to the start of insurance that the insurer for calculation of the insurance premium taken into account at the beginning of the desired insurance. It doesn't have to be the actual age.

General

The actuarial entry age is particularly important for the amount of the insurance premiums if biometric risks are insured, i.e. risks that change significantly with the age of the insured person. This mainly applies to life insurance , private pension insurance , private occupational and disability insurance , private health and long-term care insurance .

However, based on the entry age, it is also checked whether insurability is still given. In addition to the above-mentioned insurance, this also applies to accident insurance .

Procedure

There are essentially three methods for determining the entry age:

Actual entry age

In this procedure, the actual age of the insured person is taken into account to the day. If the insurance begins one day after the birthday , the insured person is a whole year older for the calculation of the insurance premiums.

Calendar-year determination (or calendar year procedure)

This method is used by the majority of private health insurers and some life insurers. To determine the starting age, the year of birth is subtracted from the current calendar year . With this method, the entry age increases by one year exactly at the turn of the year, i.e. H. Taking out insurance with the start of insurance on January 1st often leads to higher premiums than taking out insurance with the start of insurance on December 1st of the previous year.

Date of birth with parental leave (or semi-annual procedure)

With this method, which is particularly popular with life and occupational disability insurers, the date of birth and the desired start of insurance are put in relation: The insured person is older by an imputed year 6 months before their birthday.

Comparison of the procedures

The premium comparison of insurance offers with biometric risks only makes sense taking into account the entry age, as the insurers use different methods and therefore, depending on the start and date of birth, may come to a different calculation even with the same tariffs and requirements.