mortality table

A mortality table is a statistical tool that shows the likelihood of individuals at different ages dying within a certain period. It helps insurers, pension plans, and researchers understand life expectancy and risk by providing data on the probability of death for a group of people over time. Essentially, it maps out how long people are expected to live and helps in planning for life insurance, annuities, and retirement benefits. The table is based on historical data and is updated regularly to reflect changing health trends and medical advances.