## What is ordinary mortality?

The commissioners standard ordinary mortality table is an actuarial table used to compute the minimum nonforfeiture values of ordinary life insurance policies. The commissioners standard ordinary (CSO) mortality table reflects the probability that people in various age groups will die in a given year.

## What is aggregate mortality rate?

An aggregate mortality table provides data on the imputed death rates of everyone covered by life insurance policies, but without categorization based on age or the time of purchase. This calculation includes combined statistics of mortality tables.

**How is QX mortality rate calculated?**

The mortality rate qx = P[ a person who has lived to age x dies before reaching age x+1] provides a direct comparison of the risk of death at different ages.

### What is select mortality?

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.

### What is ultimate mortality table?

An ultimate mortality table lists the percentage of life insurance purchasers expected to still be alive at each given age. Typically, the data is based on policyholders from a particular insurance company or group of them, rather than the entire U.S. population.

**What are the types of mortality table?**

There are two main types of mortality tables – the period life table and the cohort life table.

- Period life table. The period life table determines mortality rates for a specific population during a defined period of time, such as a single year or a group of years.
- Cohort life table.

#### What is LX in life table?

lx The number of persons surviving to exact age x. dx The number of deaths between exact ages x and x+1. Lx The number of person-years lived between exact ages x and x+1. Tx. The number of person-years lived after exact age x.

#### What is standard Select survival model?

The Standard Select Survival Model is defined as follows: o The select period is two years. The ultimate part of the model is the Standard Ultimate Survival Model. > For the select part of the model, for 0 < s < 2, P[x]+s = 0.9²-³x+s.

**What is the select period?**

The select periods above 30 run to attained age 90 or 95. One company defines its select period as the lesser of 25 years or 97 less the issue age.

## What are ultimate rates?

Ultimate rate means a rate that depends only on age, and not on years of credited service. Sample 1.