Yearly Probability of Dying

Published: | Updated: July 30, 2017

Definition - What does Yearly Probability of Dying mean?

The yearly probability of dying is a representation of the odds that a person will die in a given year. It is based on the mortality table, which calculates the average number of people within a particular demographic that will die in a given year.

Insuranceopedia explains Yearly Probability of Dying

Mortality tables are used to calculate life insurance premiums. This ensures that the premium and its earned interest equal the amount of benefits paid to the beneficiaries of the policyholder.


How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this:

Connect with us

Email Newsletter

Join thousands receiving the latest content and insights on the insurance industry.