Mortality Table
Also called: life table, actuarial table, mortality rate
A mortality table gives the probability of death within a year at each age, and it's the foundation of pricing for life insurance, annuities and pensions. Insurers use different tables for each: annuity buyers live longer than average because healthier people buy annuities, which is adverse selection made quantitative. Improvements in longevity are the industry's biggest slow-moving risk.