A method for determining the age of the proposed insured for premium calculations. This method takes into account whether the proposed insured is nearer to his/her last birthday or his/her next birthday. For example, a person who is 34 years and 5 months old would be classified as a 34-year old for the premium calculations. In contrast, a person who is 34 years and 7 months old would be classified as a 35-year-old for the premium calculations. (See also: Attained Age)
