Select mortality table

Select mortality table,

Definition of Select mortality table:

  1. A table showing mortality data of individuals who recently purchased life insurance. The data is utilized by insurance companies in order to determine the premium to be charged to an individual as well as the risks associated with life insurance.

  2. A select mortality table is a mortality table, a grid of numbers showing how long people of different demographics are expected to live, based only on those individuals who have recently purchased life insurance policies. These individuals tend to have lower mortality rates than individuals who are already insured, due chiefly to the fact that they have most likely just passed certain medical exams required to obtain insurance.

  3. Insurance companies use select mortality tables, alongside other types of mortality tables, to calculate the risks associated with each applicant. From them, they can determine whether it is profitable to offer coverage and, if so, how much to charge for it, in the form of premiums.

How to use Select mortality table in a sentence?

  1. Insurance companies rely on select mortality tables, alongside other types of mortality tables, to determine how much to charge applicants for coverage.
  2. Select mortality tables seek to verify if this trend holds.
  3. These individuals tend to have lower mortality rates than people already insured because they most likely recently passed certain requisite medical exams.
  4. A select mortality table provides data on the death rate of individuals who have recently purchased life insurance.

Meaning of Select mortality table & Select mortality table Definition

Select Mortality Table,

What is The Meaning of Select Mortality Table?

  1. You can define Select Mortality Table as, The Life Insurance Death Table is based entirely on people who have recently taken out life insurance. Historically, selected lifestyles have resulted in lower mortality rates because they included younger people who received better medical care.

Literal Meanings of Select Mortality Table

Select:

Meanings of Select:
  1. Carefully choose the best or most suitable.

  2. (From a group of people or things) Carefully selected from a large number of the best or most valuable.

Sentences of Select
  1. Chosen to participate

  2. Join your small team of young intelligence officers

Synonyms of Select

hand-pick, top-class, supreme, superior, fix on, choice, excellent, top-quality, superb, favour, best, prefer, nominate, elect, rare, pick, designate, decide on, adopt, set, name, hand-picked, high-quality, grade A, take, specify, stipulate, opt for

Mortality:

Meanings of Mortality:
  1. The state of being subject to death.

Sentences of Mortality
  1. Work is increasingly disturbed by thoughts of death

  2. Causes of death in newborns and young children

Synonyms of Mortality

transience, impermanence, dying, perishability, impermanency, death, loss of life, temporality, ephemerality

Table:

Meanings of Table:
  1. Postpone review

  2. Attend the meeting formally for discussion or review.

  3. Flat top furniture and one or more legs that provide a flat surface on which items can be placed and used, for example, for eating, writing, work or play.

  4. A series of facts or figures presented in an organized manner, especially in columns.

  5. Vertical flat surface, usually rectangular.

Sentences of Table
  1. I want the question to be postponed for the next few months.

  2. One member of parliament proposed an amendment to the law

  3. He placed the plate on the table

  4. The population increased as shown in Table 1.

Synonyms of Table

stand, desk, put forward, diagram, worktable, carry over, put in abeyance, bench, pigeonhole, enter, defer, air, buffet, file, workbench, submit, work surface, mothball, moot, top, shelve, suggest