Ultimate Mortality Table

Definition of "Ultimate mortality table"

David Bershad Coldwell Banker Preferred

Presentation of data that excludes the first 5 to 10 years of experience of those who purchase life insurance. A mortality table shows the number of deaths per 1000 of a group of people. Experience shows that people have a lower mortality rate in the first years after they have purchased insurance, probably because they have recently passed a medical and other tests. A select mortality table includes data only on people who have recently purchased insurance. An aggregate mortality table includes all data.

Have a question or comment? We're here to help.

Search Real Estate Terms

Popular Real Estate Terms

Aggregate Mortality Table

Type of mortality table that is based on combined statistics from both the ultimate mortality table and the aggregate mortality table. It shows total ...

Select Mortality Table

Mortality table that includes data only on people who have recently purchased life insurance. Experience shows that such people have a lower mortality ...

Accrue

To accumulate. For example, under one of the dividend options of a participating life insurance policy, dividends can accumulate at interest by leavin ...

Mutual Atomic Energy Reinsurance Pool

Group of mutual insurers that provides insurance for nuclear reactors that standard property and liability policies exclude. The federal government pr ...