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LSDefine

Simple English definitions for legal terms

mortality factor

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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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pleasepleasepleas
11:58
does Michigan call or email?
TackyProudYogurt
11:58
I have missed every A call I have received because I have a job and they all call at like 11 am
Trismegistus
11:58
what an excellent problem to have
am I being dumb to even think I have a chance at penn
should I just give up hope now
11:59
i tutored for the lsat in college lol, i went to a rich people school so the parents were happy to shell out money to a kid who didnt even have an official score yet
12:00
you have a great shot bulldog
the R's are killing any confidence I had
12:01
reddit says penn is calling, also same the umich r that early was disheartening
wonder what cornblatt is doing rn
lilypadfrog
12:01
stroking it
PuppyBot
12:01
lmaooo
i knew those group interviews existed for nefarious purposes
jackfrost11770
12:03
Oh I'm straight up not getting decisions until March am I
jackfrost11770
12:03
Awesome
me too
lilypadfrog
12:04
getting a ton of t14 As in March probably feels so good if you’re jackfrost
@BulbasaurNoLikeCardio: nobody i know does a side hustle because law school 1L is legit insanely hard
GreyCeaselessMammoth
12:05
@CurvyHypnoticSheepdog: what nefarious purposes??
Trismegistus
12:05
turned on my ringer and my email notification sound SCARED ME
@GreyCeaselessMammoth: it was a joke lol dw
12:05
morning lsd
@KnowledgeableRitzyWasp: damn, I am going to really need to find cheaper hobbies
hi chow
12:06
hey sheepdog!
Trismegistus
12:06
losing my mind
how has your morning been
12:07
great i went to the gym. starting a routine where i go before work and i feel great
12:07
also praying for some decisions today. wbu?
oh i’ve been on the morning gym wave for years… it’s the best. better crowd too imo
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