Actuarial Life Tables

Actuarial life tables are statistical tools used to predict life expectancy and mortality rates in a population. They present data on how long people of different ages are likely to live, based on historical mortality rates. By analyzing this information, insurers and pension funds can estimate risks and set premiums for life insurance or calculate retirement benefits. Essentially, these tables help organizations understand life spans and plan financially for future payouts, aiding in making informed decisions about policies and investments.