What Is an Actuarial Life Table?

Business & Management
#1

An actuarial life table is a table or spreadsheet that indicates the likelihood of a person dying before their next birthday at a certain age. Life insurance firms frequently utilize it.
These statistics determine the remaining life expectancy for persons of various ages and stages, as well as the likelihood of living to a certain age. Because men and women have distinct death rates, actuarial life tables for men and women are produced separately. A mortality table, life table, or actuarial table is a type of actuarial life table.