Mortality Table
Motility table is a table that shows the rate of deaths occurring in a defined population during a selected time interval, or survival from birth to any given age. It is an actuarial table indicating life expectancy and death frequency for a given age, occupation, etc Statistics included in the mortality table show the probability a person’s death before their next birthday, based on their age.
Mortality Table is an actuarial table based on mortality statistics over a number of years. Death-rate data help determine prices paid by people who have recently purchased life insurance. A mortality table is also known as a “life table,” an ‘actuarial table” or a “morbidity table”. This information is based on large quantities of statistical information about actual ages at death and other factors. Insurance companies use this information to determine how long a policyholder might live. This helps them calculate a profitable price for life insurance, annuities and other financial products.
