Life expectancy

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
In Caerphilly, healthy life expectancy at birth for men has dropped from 58.6 years in 2012-14, to 55.2 years in 2015-17, and Blaenau Gwent has seen a drop from 56.1 years to 54.1 years, meaning men in the area can expect the fewest years of good health.
The UK as a whole is seeing a similar pattern of stalling life expectancy.
In addition, the average life expectancy of Bulgarians over the age of 65 last year was reported to be plus 16 years, with a 10-year increase of 1.2 years.
In other words, physical fitness is a better indicator of life expectancy than body mass index (BMI), and that brisk walking should be encouraged.
Despite the lack of population-based time series studies analyzing health information in Brazil, a number of studies have been conducted in recent decades to estimate healthy life expectancy (3,10-19).
"Life expectancy provides a comprehensive assessment of the scope of firearm injury, providing a full accounting of the consequences of firearms," the study said.
And the report states: "Life expectancy refers to the number of years that a person could expect to survive if the current mortality rates for each age group, sex and geographic area remain constant throughout their life.
For women, life expectancy at birth in Liverpool has seen a decrease from 80.4 years to 80.2 years, St Helens has dropped from 81.4 years in 2012-2014, to 80.9 years in 2015-2017 and Wirral has seen a drop from 82.1 years to 81.8 years.
Other countries that have seen progress to expectancy than doubled Italy stall for men include Spain (with life expectancy increases falling from 17 weeks to 10 weeks), Portugal (down from 19 to 13 weeks), and Germany (down from 11 to seven weeks).
l fora During 2005-2010, the average male life expectancy increased by five weeks a year.
At 80.5 years and 84.9 years, Cypriot men and women rank fourth and third respectively among EU member states as regards the life expectancy.
To give a sense of how expectancy might operate, the editors, in their introductory chapter, describe one theoretical approach to intra-personal expectancy.