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LSDefine

Simple English definitions for legal terms

mortality factor

Read a random definition: Semiconductor Chip Protection Act

A quick definition of mortality factor:

Mortality factor: A number used by insurance companies to estimate how many people of a certain age will die each year. This helps them calculate how much to charge for life insurance. It is based on actuarial tables that show the average lifespan of people at different ages. The mortality factor is just one of the things that insurance companies use to determine how much to charge for premiums.

A more thorough explanation:

Definition: Mortality factor is an estimate of the average number of deaths that will occur each year at each specific age, calculated by using an actuarial table. It is used in life-insurance ratemaking to calculate premium rates.

For example, if the mortality factor for a 30-year-old male is 0.05, it means that on average, 5 out of 100 people of that age and gender will die in a year. This factor is one of the elements that a life insurer uses to determine the premium rate for a policy.

The mortality factor is based on statistical data and helps insurers to assess the risk of insuring a person's life. The higher the mortality factor, the higher the risk, and the higher the premium rate.

mors naturalis | mortality table

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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