Mortality

{
  "id": "MLC-T-INS-002229",
  "term": "Mortality",
  "field": "Insurance and risk management",
  "definition": "The incidence of death within a population, a key factor in life insurance and annuity product design and pricing. Actuaries analyze mortality rates, which are the number of deaths in a given group over a specific period, to calculate premiums and reserves. These rates are often expressed per 1,000 or 100,000 individuals and vary by age, gender, and other demographic factors.",
  "url": "https://mlchart.com/terminology/insurance/mortality/"
}