Mortality Table


Definition of "Mortality table"

Chart showing rate of death at each age in terms of number of deaths per thousand.

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Tabular-value Reserve Method

Means of setting life insurance reserves based on expected mortality rates as reflected in a mortality table. ...

Yearly Probability Of Living

Figure in a mortality table derived by dividing the number of people alive at the end of a given year by the number of people alive at the beginning o ...

Graduation

Statistical procedure applied to the data that comprises a mortality table. It is designed to smooth out the irregularities in that data believed to n ...

Life Expectancy

Probability of one's living to a specific age according to a particular mortality table. Life expectancy is the beginning point in calculating the pur ...

Enrolled Actuary

Same as term Actuary: mathematician in the insurance field. Actuaries conduct various statistical studies; construct morbidity and mortality tables; c ...

Graduated Life Table

Mortality table that reflects irregularities from age to age due to chance fluctuations in the sequence of the rates of mortality. The rates of death ...

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