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Mortality Tables

   Also found in: Financial 0.25 sec.

A means of ascertaining the probable number of years any man or woman of a given age and of ordinary health will live. A mortality table expresses on the basis of the group studied the probability that, of a number of persons of equal expectations of life who are living at the beginning of any year, a certain number of deaths will occur within that year.

Such tables are used by insurance companies to determine the premium to be charged for those in the respective age groups.
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? References in periodicals archive
Premium rates are still based on mortality tables from 1941, thereby costing disabled veterans more for government life insurance than is available on the commercial market.
National Commander Barton urges VA budget overhaul by Autry, Dave / DAV Magazine
However, large companies are permitted to use plan-specific mortality tables for minimum contribution calculations.
Ask FERF about ... the Pension Protection Act of 2006 by de Mesa Graziano, Cheryl / Financial Executive
Some of that thinking is still in effect today; despite mortality tables that make it outdated.
Managing longevity risk: the new retirement math is that living ... by Odenath, David / Best's Review
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