Why does insurance give you your age on your birthday?

Why does insurance give you your age on your birthday?

Commonly, you’ll find insurers using “”ANB””, or Age Next Birthday. This simply means your current age plus 1 year. So if you are currently 40 years old and you are looking at a premium table, you will be paying premiums for age 41. Apr 22, 2020

See also  What happens if I cancel my New York Life insurance policy?