What is the Definition of Mortality Rate?

What is the Definition of Mortality Rate?

A percentage rate at which death occurs among a defined group of people of a specified age and sometimes of a specified gender. Insurers base the premiums for life insurance in part on the mortality rate for a proposed insured’s age group. Contrast with Morbidity rate.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Mortality Rate?

What is the Definition of Mortality Rate?

You can find random definition and meaning of insurance terms below:


Meaning of Annuity Beneficiary in Insurance Terms

In certain types of annuities, a person who receives annuity contract payments if the annuity owner or annuitant dies while payments are still due.


Meaning of Annuity Contract in Insurance Terms

An agreement similar to an insurance policy for other insurance products such as auto insurance.


Meaning of Annuity Insurance Charges in Insurance Terms

Covers administrative and mortality and expense risk costs.


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