{
  "id": "v20-uk-life-premium-by-age",
  "version": "20.16.0",
  "name": "Life Premium Between Quoted Ages Calculator — United Kingdom",
  "shortName": "Life Premium Between Quoted Ages",
  "description": "Interpolate between two actual comparable quotes without claiming an insurer age table or an actuarial premium forecast. GBP planning view; stated limitations apply.",
  "category": "Finance",
  "categorySlug": "finance",
  "keywords": [
    "life-premium-by-age",
    "uk",
    "insurance-consumer",
    "insurance-terms"
  ],
  "status": "live",
  "workStatus": "pending",
  "reviewStatus": "pending",
  "migrationStatus": "new",
  "engine": "native",
  "creator": null,
  "reviewer": null,
  "quality": {
    "availability": "live",
    "technicalReviewRecord": "/reviews/v20-uk-life-premium-by-age.json",
    "qualifiedReview": "pending",
    "qualifiedReviewer": null,
    "qualifiedReviewDate": null,
    "formulaVersion": "20.16.0",
    "referenceCoverage": "references-listed",
    "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
    "historicalMetadataDate": "",
    "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
  },
  "notice": "Illustrative defaults are not local quotes or verified legal rules. Dated reference components and user-entered assumptions are explicitly distinguished. Professional review is pending.",
  "urls": {
    "page": "/uk/life-premium-by-age/",
    "definition": "/uk/life-premium-by-age/definition.json",
    "schema": "/uk/life-premium-by-age/schema.json",
    "llms": "/uk/life-premium-by-age/llms.txt",
    "legacyDefinition": "/uk/life-premium-by-age/definition.json"
  },
  "queryExample": "https://askcalculators.com/uk/life-premium-by-age/?lowerAge=30&lowerPremium=400&upperAge=50&upperPremium=1000&age=40",
  "queryParameters": {
    "lowerAge": {
      "label": "Age of lower-age quote",
      "type": "number",
      "required": true,
      "default": 30
    },
    "lowerPremium": {
      "label": "Annual premium at lower quoted age",
      "type": "money",
      "required": true,
      "default": 400
    },
    "upperAge": {
      "label": "Age of upper-age quote",
      "type": "number",
      "required": true,
      "default": 50
    },
    "upperPremium": {
      "label": "Annual premium at upper quoted age",
      "type": "money",
      "required": true,
      "default": 1000
    },
    "age": {
      "label": "Age inside the quoted interval",
      "type": "number",
      "required": true,
      "default": 40
    }
  },
  "inputs": [
    {
      "id": "lowerAge",
      "label": "Age of lower-age quote",
      "type": "number",
      "defaultValue": 30,
      "required": true,
      "min": 0,
      "max": 110,
      "step": 1,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "lowerPremium",
      "label": "Annual premium at lower quoted age",
      "type": "money",
      "defaultValue": 400,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "GBP",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "upperAge",
      "label": "Age of upper-age quote",
      "type": "number",
      "defaultValue": 50,
      "required": true,
      "min": 0,
      "max": 110,
      "step": 1,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "upperPremium",
      "label": "Annual premium at upper quoted age",
      "type": "money",
      "defaultValue": 1000,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "GBP",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "age",
      "label": "Age inside the quoted interval",
      "type": "number",
      "defaultValue": 40,
      "required": true,
      "min": 0,
      "max": 110,
      "step": 1,
      "help": "Illustrative starting value; replace with your own evidence."
    }
  ],
  "outputs": [
    {
      "id": "annualPremium",
      "label": "Interpolated annual quote scenario",
      "format": "currency",
      "digits": 2,
      "primary": true,
      "currency": "GBP"
    },
    {
      "id": "monthlyEquivalent",
      "label": "Monthly equivalent before payment fees",
      "format": "currency",
      "digits": 2,
      "currency": "GBP"
    }
  ],
  "formula": {
    "expression": "premium = exp(log(lower quote) + position within quoted ages × (log(upper quote) − log(lower quote))).",
    "note": "Inputs are converted to canonical units before evaluating this stated formula."
  },
  "examples": [
    {
      "label": "Illustrative defaults; required verification checks remain unconfirmed",
      "inputs": {
        "unitSystem": "metric",
        "lowerAge": 30,
        "lowerPremium": 400,
        "upperAge": 50,
        "upperPremium": 1000,
        "age": 40
      }
    }
  ],
  "sources": [
    {
      "label": "NAIC consumer insurance resources",
      "url": "https://content.naic.org/consumer"
    },
    {
      "label": "NAIC insurance glossary",
      "url": "https://content.naic.org/glossary-insurance-terms"
    }
  ],
  "publicSlug": "life-premium-by-age",
  "namespace": "uk",
  "countries": [
    "us",
    "ca",
    "uk",
    "ie"
  ]
}