Expected mortality
Term · Insurance and risk management · MLC-T-INS-001395
The anticipated rate of death within a specific population group over a defined period, based on historical data and demographic characteristics. Actuaries use expected mortality rates to calculate life insurance premiums, annuity payments, and pension liabilities. These rates are typically presented in mortality tables, which vary by age, gender, and other factors.
| Identifier | MLC-T-INS-001395 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001395",
"term": "Expected mortality",
"field": "Insurance and risk management",
"definition": "The anticipated rate of death within a specific population group over a defined period, based on historical data and demographic characteristics. Actuaries use expected mortality rates to calculate life insurance premiums, annuity payments, and pension liabilities. These rates are typically presented in mortality tables, which vary by age, gender, and other factors.",
"url": "https://mlchart.com/terminology/insurance/expected-mortality/"
}
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