Mortality Tables

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Mortality Tables

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.

References in periodicals archive ?
Proposed regulations (REG-12498805, 12/2/05) set out the methodology the IRS would use to establish mortality tables to be used under Sec.
As a result, the assumptions underlying the new mortality tables show that, in comparison with the existing tables found in RP-2000, the life expectancy for 65-year-old males has risen from 19.
t] at time t in the mortality table follows a normal distribution with mean 0 and variance 1.
Results were presented based on different time periods, different mortality tables and different IBNR (incurred but not reported) assumptions.
One does not know with certainty what mortality table the insurance company will use, in the event of the decision to postpone.
Model Regulation Permitting the Recognition of Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities: Permits the use of new mortality tables and provides interim reserve relief pending the development of a principles-based reserving system.
Two perceptions of mortality risk affect pension compensation: the pension plan's perception, as reflected in its mortality table, and the individual's perception.
Mortality Table (Us, Canada, Uk And Northern Ireland, France, Germany, Italy, Spain, Japan, China, Mexico, Brazil, By Region, Worldwide)
SK Roy, chairman of LIC has announced that passing on the benefits of the increase in life expectancy, the Life Insurance Corporation of India (LIC) has made a change to its mortality table for policyholders to include the enhanced average life expectancy of Indians, which has increased from 60 years in 1996 to 65 years in 2011.
In 2008, the IRS wants plans to use separate tables for "annuitants" and "nonannuitants," IRS officials write in a preamble to the proposed mortality table regulations, which appeared in the Federal Register.
Triple X requires the use of a prescribed mortality table and discount rate to determine the "statutory reserve" based on a present value methodology.
According to the new agreements, Verizon will realize cost savings and cost avoidance through healthcare plan design changes, increased healthcare contributions, Medicare Advantage plans for retirees, maintaining limits on post-retirement healthcare costs, and freezing the mortality table for lump sum pensions using the GATT rate.