Life expectancy

Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

Life expectancy

The length of time that an average person is expected to live, which is used by insurance companies use to make projections of benefit payouts.

Life Expectancy

The length of time the average person is anticipated to continue living. An insurance company may use the "official" life expectancy of a person at a certain age in determining the risk of a life insurance policy or annuity. Likewise, the IRS uses the average life expectancy to determine the required minimum distribution from IRAs. Often, the official life expectancy has only a rough relationship with an individual person's actual life expectancy.

Life expectancy.

Your life expectancy is the age to which you can expect to live. Actuarial tables establish your official life expectancy, which insurance companies use to evaluate the risk they take in selling you life insurance or an annuity contract.

The Internal Revenue Service (IRS) also uses life expectancy to determine the distribution period you must use to calculate minimum required distributions from your retirement savings plans or traditional IRAs.

However, your true life expectancy, based on your lifestyle, family history, and other factors, may be longer or shorter than your official life expectancy.

References in periodicals archive ?
The top 50 local areas with the highest male life expectancy at birth were in the South-east, East of England, South-west, London and East Midlands only.
But by 2010, blacks still trailed whites, with life expectancy for both men and women at 75.
However, life expectancy is rising more quickly in the North East than in some other regions of the country.
At the other end of the scale, life expectancy for both men and women is still less than 55 years in nine sub-Saharan African countries - Angola, Central African Republic, Chad, Cote d'Ivoire, Democratic Republic of the Congo, Lesotho, Mozambique, Nigeria and Sierra Leone.
Overall life expectancy for an HIV-positive 20-year-old rose from 56.
Over the last 30 years, life expectancy at birth for boys and girls has increased by four hours per day for females and six hours per day for males, the ONS figures showed.
KirKlees has the highest life expectancy for a male infant in West YORKshire, while Calderdale has the highest life expectancy for baby girls in West YorKshire.
A report on the life expectancy of the residents of Abu Dhabi in 2011 have been revealed by the emirate's Statistics Centre.
Bivariate and multivariable logistic regression analyses were used to examine whether taking age and/or life expectancy into account and barriers to discontinuing were associated with clinician characteristics and practice styles.
The Happy Planet Index was calculated using life expectancy, experienced well-being and ecological footprint (per capita) of the countries with data collected from various sources including UNDP and Gallup data.