life table

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life table

n
(Insurance) another name for mortality table
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According to actuarial tables maintained by the Social Security Administration, the life expectancy of a 70-year-old man is 14.30 years -- enough time to serve two terms and move on to physical decline.
Internal data includes the information they collect when writing policies, their historical claim and payout statistics, and the actuarial tables they've built over time.
He has never articulated a plan of succession, a pressing matter given what the actuarial tables would say about a man who toiled for years as a steelworker in Ukraine, breathing dust and gas near a blast furnace.
They're ready to be trained - whether it's tuning up Toyotas, writing computer code, or reading actuarial tables. We're equipping the self-directed students just fine.
Also important: Lifetime income products, or annuities, offered in company retirement plans are required to use unisex actuarial tables in their pricing.
A new concept is underwriting for behaviors instead of just actuarial tables. Millennials are connected and monitored like never before through social media, apps, and their ubiquitous phones.
Even though Mother was a spry 69, and with actuarial tables saying it would be well more than a decade before her due date, I turned in the piece a few days later.
Such longevity was the key to pricing risk, but he didn't have enough reliable data to convert into statistical analyses that would help him develop the actuarial tables on which to price the risk.
Attention advisors: A mostly unheralded change in actuarial tables suggests the need to plan for longer retirements for your clients and could also make a delay in claiming benefits advantageous for some clients.