life expectancy
DefinitionHow long a given person is expected to live; useful for insurance premium calculations. Average life expectancy can also be calculated for categories of people, such as all females, or all citizens of a certain country. To calculate average life expectancy, a wide variety of characteristics can be looked at, including gender, country of residence, family medical history, and many lifestyle habits including smoking, drinking, eating, exercise, and sleep patterns.
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life expectancy is ...
... part of the Insurance subject.
... part of the Insurance subject.
Related Terms
IRA, actuarial assumption, amortization method, annuity factor method, inherited IRA, life expectancy method, recalculation method, term certain method, longevity risk
life expectancy appears in the definitions of these other terms on BusinessDictionary.com
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