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Answer :
For insurance purposes on the given date Giuliana Castell would be 24 years old on April 1, 1978.
Life Insurance And It's Benefits. How We Calculated Giuliana Castell's Age?
Life insurance is a type of insurance policy that provides financial protection to the beneficiaries of the policyholder in the event of their death.
It is a contract between the policyholder and the insurance company, where the policyholder pays regular premiums in exchange for a sum of money (the death benefit) that is paid out to the designated beneficiaries upon the policyholder's death.
The purpose of life insurance is to provide financial support and security to the policyholder's loved ones or dependents after their passing.
The death benefit can be used to cover various expenses, such as funeral costs, outstanding debts, mortgage or rent payments, education expenses, and ongoing living expenses.
It aims to provide a safety net and financial stability for the policyholder's family or dependents during a difficult time.
Common types of life insurance include term life insurance, which provides coverage for a specific period, and permanent life insurance, which covers the policyholder's entire lifetime as long as premiums are paid.
To calculate the age of Giuliana Castell on April 1, 1978, we need to subtract her birth date from the given date.
Birth date: October 12, 1953
Given date: April 1, 1978
To calculate the age, we need to consider the number of full years between these two dates and adjust for any remaining months.
1. Calculate the number of full years:
1978 - 1953 = 25 years
2. Check if the birthday has passed in the year 1978:
Since the given date is April 1, 1978, and Giuliana's birthdate is October 12, we can see that her birthday has not yet passed in 1978.
Therefore, we subtract 1 year from the calculated full years.
25 - 1 = 24 years
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