The phrase "mortality cost" refers to the value or price associated with human life or the loss of life. It represents the economic, social, and emotional impact that occurs when a person dies. Full definition
Once rates dropped and / or mortality costs increased, they were hit with a higher premium. (bankrate.com)
The yearly prices of protection may have no relation to the actual mortality costs charged against the policy in any given year. (thinkadvisor.com)
They went on to say that since the policy was now out of cash, next year's premium would be about $ 1800 just to keep up with mortality costs. (hinermangroup.com)