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life table
(redirected from Actuarial Tables)

    Also found in: Medical, Wikipedia 0.01 sec.

life table

Way of summarizing the probability that an individual will give birth or die during successive periods of life. From this, the proportion of individuals who survive from birth to any given age (survivorship) and the mean number of offspring produced (net reproductive rate) can be determined.

Insurance companies use life tables to estimate risks of death in order to set their premiums and governments use them to determine future needs for education and health services.



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