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Postal code baseline model

\ˈpoʊstəl\ \koʊd\ \ˈbeɪˌslaɪn\ \ˈmɑdəl\

A particular type of rating factor model used in Canada which uses postal codes as a rating factor to reflect different longevity experience for people living in different areas.

Postal codes cover small areas so can capture significant differences in lifestyles if used at the most granular level. Similar geographical rating factors are available in the USA (ZIP+4 code) and the UK (post-code) allowing the development of similar types of models.

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