What does Assumed Mortality mean? Read on to discover the definition & meaning of the term Assumed Mortality - to help you better understand the language used in insurance policies.
An estimate of when a policyholder is likely to die, based primarily on age, and also influenced by health. Mortality tables covering large cross sections of people in varying degrees of health, different occupations, and multiple lifestyles have been developed to help insurance companies determine the average number of people of any given age who will die within a certain year.
We hope the you have a better understanding of the meaning of Assumed Mortality.