actuarial life table

An actuarial life table is a statistical tool used to estimate the likelihood of a person at a specific age living for another year or more. It provides information on mortality rates, expected remaining years of life, and other health-related data based on large populations. Insurance companies and actuaries use these tables to assess risks and determine appropriate premiums or reserves. Essentially, it helps predict life expectancy and survival probabilities by analyzing age-specific death rates within a defined population.