Mortality Table
A statistical table showing rates of death or survival for defined groups and ages.
Why it matters
Insurers and regulators use mortality assumptions in pricing, reserves, and guarantees, but a table does not predict an individual's lifespan.
Where you may see it
Actuarial memorandum, regulatory filing, policy reserve disclosure, and product documentation.
What to verify
Table version, population, smoker status, improvement scale, regulatory use, and whether an illustration uses different assumptions.
Do not confuse it with
Life expectancy estimate, which is a summary measure rather than the full table.
Read Mortality Table in context
Start with the exact sentence where the term appears, then read the definition, schedule, and any referenced rider together. The practical concern is this: Insurers and regulators use mortality assumptions in pricing, reserves, and guarantees, but a table does not predict an individual's lifespan. Locate the relevant records—actuarial memorandum, regulatory filing, policy reserve disclosure, and product documentation.—and compare them with the issued contract rather than a sales summary.
Before signing, changing coverage, or making a claim decision, record the points that control the result: Table version, population, smoker status, improvement scale, regulatory use, and whether an illustration uses different assumptions. If another policy uses similar wording, do not assume it has the same effect.
Keep the dated page or form with your notes. If the definition changes the benefit, premium, ownership rights, or a deadline, ask the issuing insurer for a written explanation tied to the policy number.
Reliable places to check
- Your issued policy and application copy.
- NAIC consumer life insurance resources.
- Your state insurance department for licensing and consumer help.