What does Select Mortality Table mean? Read on to discover the definition & meaning of the term Select Mortality Table - to help you better understand the language used in insurance policies.
Select Mortality Table
A select mortality table is a type of mortality table that displays statistics about the mortality rate for people who have recently purchased life insurance policies. Life insurance companies use these tables to determine the price of their products. They need accurate data supplied by select mortality tables in order to properly price premiums.
We hope the you have a better understanding of the meaning of Select Mortality Table.