Graduated Mortality Table

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Graduated Mortality Table

In actuarial analysis, a table of the likelihood that a person of a certain age will die in the next year, taking into account potential errors and biases in the data collection underlying the table. For example, a graduated mortality table may make adjustments to adjust for small sample size. Mortality tables are important in determining one's eligibility for some insurance and annuity plans.
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Recent graduated life tables are prepared for each sex, separated by a short number of years.
The base table that the resultant cumulative RFs are applied to is the graduated life table for each sex, centred at calendar year 2004.
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