BizTerm Definition
Mortality Table
Full Definition

(1) A table showing how many members of a group, starting at a certain age, will be alive at each succeeding age. It is used to calculate the probability of dying in, or surviving through, any period, and for the valuation of an annuity. To be appropriate for a specific group, it should be based on the experience of individuals having common characteristics, such as sex or occupation. (2) A statistical table showing the death rate at each age, usually expressed as so many per thousand.


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