Tabular Mortality

What Does Tabular Mortality Mean?

Tabular mortality refers to the death rates presented in a mortality table, which shows the likelihood of death at various ages within a population. Insurance companies calculate these probabilities by analyzing historical death rates and use the data to price life insurance policies, ensuring profitability. The numbers in these tables are the starting point for the factors that shape a life insurance premium, which is why two applicants of the same age can receive very different quotes.

Insuranceopedia Explains Tabular Mortality

There are different types of mortality tables, most of which list men and women separately. Additionally, these tables can include death rates based on various characteristics beyond age and sex. For example, they may be divided by occupation, weight, smoking habits, and other factors that could influence mortality rates. Because every insurer weighs these factors a bit differently in its own tables, comparing quotes from a few of the best life insurance companies usually produces a meaningful spread in price, especially at older ages where the average cost of life insurance climbs quickly.