GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
If you have a comment, suggestion or question please contact us at glossary@scic.com

Backdating

A procedure for making the effective date of a policy earlier than the application date. Backdating is often used to make the age at which life insurance is issued lower than it actually was in order to get a lower premium. State laws often limit this backdate period to six months.

Do you need an answer immediately?

Check out our FAQ page!