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Mortality Tables |
Also found in: Financial | 0.01 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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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. However, large companies are permitted to use plan-specific mortality tables for minimum contribution calculations. Some of that thinking is still in effect today; despite mortality tables that make it outdated. |
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