L insurer (company d life insurance) calculates the pricing policy with intends to fund claims and administrative costs, and make a profit. The cost of insurance is determined using mortality tables calculated by actuaries. Actuaries are professionals who use actuarial science which is based in mathematics (primarily probability and statistics). Mortality tables are statistically based tables showing expected annual mortality rate. You can obtain estimates for life expectancy of these mortality assumptions. These estimates may be important in the regulation of taxation. [2] [3]
Recent Life Tables for the United States predict that the selection of about 0.35 in 1000 to non-smoking men aged 25 will die during the first year of coverage after underwriting. [5] The mortality rate of approximately doubles every ten years for the excess mortality rate in the first year of signed non-smoking men is d about 2.5 to 1,000 people in 65 [ 6]. Compare this with the mortality rate of men in the U.S. population from 1.3 per thousand to 25 and 19.3 to 65 (without regard to health or smoking). [1]
