# Mortality Table

*Insurance — Finicade finance glossary*

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.

**Also known as:** life table, actuarial table, mortality rate

**Related terms:** [Actuary](https://finicade.com/glossary/actuary), [Life Expectancy](https://finicade.com/glossary/life-expectancy), [Life Insurance](https://finicade.com/glossary/life-insurance), [Longevity Risk](https://finicade.com/glossary/longevity-risk), [Annuity](https://finicade.com/glossary/annuity)

Source: https://finicade.com/glossary/mortality-table