Certified Structured Settlement Consultant (CSSC)

What is a 'rated age' in the context of structured settlement annuities?

The legal minimum age to receive a structured settlement An older age assigned to a claimant based on medical impairment, reducing the cost of the annuity The age at which payments must begin The rating assigned by A.M. Best to the insurer

Correct Answer:

An older age assigned to a claimant based on medical impairment, reducing the cost of the annuity

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