age nearest birthday

  • The age, expressed as an integral number of years, of an insurance policyholder, which spreads over the period from six months prior to a birthday to six months after a birthday. For example, an individual is "age 35 nearest birth date" from the time he or she is 34 years and six months of age until the time he or she is 35 years and six months of age. Insurance premiums are usually based on the ages nearest birthday of the individuals affected.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).