### What is an actuarial mortality table?

An actuarial mortality table is a table or spreadsheet that shows the probability that a person at a certain age will die before their next birthday. These statistics calculate the remaining life expectancy for people of different ages and the probability of surviving a given year. Since men and women have different mortality rates, an actuarial mortality table is calculated separately for men and women. An actuarial mortality table is also called a mortality table, mortality table or actuarial table.

### Explanation of the actuarial mortality table

Insurance companies use actuarial mortality tables to assess products and predict future insured events. Actuarial mortality tables based on mathematics and statistics help insurance companies by showing the probabilities of events, such as death, illness and disability. An actuarial mortality table can also include factors that differentiate between variable risks such as smoking, occupation, socio-economic status and even gambling and debt. Computerized predictive modeling allows actuaries to calculate for a wide variety of circumstances and likely outcomes.

Actuarial science mainly uses two types of life tables. First, the period mortality table is used to determine the mortality rates for a specific period of a certain population. The other type of actuarial life table is called the cohort life table, also called the generation life table. It is used to represent the overall lifetime mortality rates of a certain population. The population selection must be born in the same specific time interval. A cohort mortality table is more commonly used because it attempts to predict any expected change in a population’s mortality rates in the future. A cohort table also analyzes the mortality profiles observable over time. Both types of actuarial life tables are based on actual populations of the present and educated predictions of the near future of a population. Other types of life tables can be based on historical records. These types of life tables often underestimate infants and underestimate infant mortality.

Insurance companies use actuarial mortality tables to make two main types of predictions: the probability of surviving a given year and the remaining life expectancy for people of different ages.

### Other uses of actuarial mortality tables

Actuarial life tables also play an important role in the sciences of biology and epidemiology. In addition, the United States Social Security Administration uses actuarial mortality tables to examine the death rates of people on social security in order to inform certain decisions or political actions. Actuarial mortality tables are also important in managing the product life cycle.