Age Limits


Definition of "Age limits"

Maximum age of an applicant or insured beyond which an insurance company will not initially underwrite a risk or continue to insure it. For example, under some forms of renewable term life insurance, coverage will not be renewed beyond age 60.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Incidents Of Ownership

Policy owner rights under a life insurance policy, including the right to name a new beneficiary at ...

Income Statement

Also called profit and loss statement. A financial statement depicting a business entity's operating ...

Implied Contract

An agreement occurring from actions of those impacted, but not communicated in writing or orally. Fo ...

Consequential Damage

Unanticipated damages incurred as the result of the sub effects of a parties breach of responsibilit ...

Shotcrete

Mortar or concrete which is pumped or 'shot' through a hose at high velocity onto a surface. ...

Parol

Statement made verbally. It is better legally to have a written statement because verbal ones withou ...

Related Real Estate FAQ

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Is A Gift Letter?

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

What Is A Good Faith Estimate?

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How to become a real estate agent Mortgage Loan Types Real Estate Open House - The Dos and Don Is it better to buy or sell a home first How is Square Footage Determined?

FAQ

Besides making my monthly mortgage payment, how can I build equity into my house? What is a qualifying ratio? How do I file an Insurance Claim? What is a maintenance fee? What is underwriting?