Sentences with phrase «mortality tables based»

Insurers use mortality tables based on risk factors in pricing insurance policies.

Not exact matches

Commercial insurance contracts are forbidden because they are based on «ambiguity» and «gambling,» betting on mortality tables, it would appear.

The mortality table preceding the most recent Society of Actuaries release was based on data collected from over 20 years ago.

Whole life insurance (cash value life insurance) offers a permanent accruing death benefit as well as accruing cash value within the policy over the life of the policy holder based upon mortality tables.

This means in many cases they can offer better pricing and performance based on their updated mortality tables.

Lump sums are based on applicable interest rates and mortality tables specified by the IRS (interest rates are released monthly, mortality annually).

Delaying gives you more flexibility when young and, based on mortality tables, a higher annuity payout per dollar converted once you're older.

Future damages like loss of earnings and loss of companionship will be based on a «mortality table» that offers statistical evidence of probable life expectancy.

Related to mortality tables are health classifications — essentially how companies rate you based on your health and health history.

The probability of a future payment is based on assumptions about the person's future mortality which is typically estimated using a life table.

Life insurance rates are based on mortality tables, which predict how long people will live.

The table below shows the probability of achieving the selected internal rates of return, based on the $ 3 million death benefit, the projected premiums and the assumed mortality rates.

Mortality tables are statistically based tables showing expected annual mortality rates of people at differMortality tables are statistically based tables showing expected annual mortality rates of people at differmortality rates of people at different ages.

In reality, whole life insurance provides death benefit protection that is based off the same mortality tables that term life insurance uses.

In this estimate of life expectancy, if the applicant were to live as long or longer than anticipated based on the mortality table, then the funds that the insured has paid into the policy in the form of premiums will typically create enough of an investment for the insurer to take on the risk.

Life insurance premiums are based on large statistical data models of life expectancy called mortality and morbidity tables.

Notably, the life insurance maturity age of 100 exists primarily because the mortality tables used for life insurance during most of the 20th century (the Commissioners» Standard Ordinary [CSO] tables of 1941, 1958, and 1980) were all based on a maximum «terminal» age of 100 (i.e., there literally were no life expectancy tables past age 100, as it was implicitly assumed «everyone» would be dead at that point!).

CSO mortality tables are how insurance companies class risk — in other words, it's how they determine what to charge you based on your risk of death at any given age.

The charges a company makes against the policy to cover the policy's share of the cost of death claims, based upon a mortality table used by the insurance company.

Rates are based on standard mortality tables.

The cost of whole life policies, such as Gerber's Guaranteed Issue, is based on mortality tables for your age and gender.

Whole life insurance (cash value life insurance) offers a permanent accruing death benefit as well as accruing cash value within the policy over the life of the policy holder based upon mortality tables.

Whole Life and Universal Life (Permanent Insurance) is based on age defined mortality tables and fees.

All life insurance rates are based on mortality tables that theoretically weigh the mortality risk to a company of insuring someone with just about any given health condition