Backdating | Life Insurance GlossaryLife Insurance Glossary Topic.
In life insurance, if a person wants to make their policy effective date at a time prior to the current date, the insurance company will normally backdate up to six months. However, the policyholder must pay the premium amount over that period. It can also help the policyholder save money on their premium amounts based on how life insurance uses age to determine rates. See Actual Age and Age Nearest Birthday