mortality tables

mortality tables
n.
Actuarial tables that insurance companies use to determine how long a person is likely to live.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


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.

Dictionary from West's Encyclopedia of American Law. 2005.


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.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • Mortality tables — Tables of probability that individuals of various ages will die within one year. The New York Times Financial Glossary * * * mortality tables mortality tables ➔ table1 …   Financial and business terms

  • mortality tables — Tables of probability that individuals of various ages will die within one year. Bloomberg Financial Dictionary * * * mortality tables mortality tables ➔ table1 …   Financial and business terms

  • mortality tables — Statistical tables which show the probable expectancy or continuance of life of a normal person according to sex and age. 30 Am J2d Ev § 894 …   Ballentine's law dictionary

  • American mortality tables — See mortality tables …   Ballentine's law dictionary

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  • standard mortality tables — Life expectancy tables of standard authority, such as the American table and other tables appearing in the statutes, although the courts are inclined to favor the latest tables, because the facts upon which they are calculated are much more… …   Ballentine's law dictionary

  • mortality — The relative incidence of death @ 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… …   Black's law dictionary

  • mortality — The relative incidence of death @ 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… …   Black's law dictionary

  • mortality and expense risk charge — /mɔ:ˌtælɪti ən ɪkˌspens rɪsk tʃɑ:dʒ/ noun an extra charge to pay on some annuities to guarantee that if the policyholder dies his heirs will receive a benefit, and also that the insurance company will be compensated for an annuitant who lives… …   Dictionary of banking and finance

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