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.

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 ?
London's Kensington and Chelsea tops England and Wales' life expectancy ratings, while Liverpool ranks sixth lowest for newborn boys and eighth lowest for male pensioners.
For newborn baby girls, life expectancy was highest in Chiltern, Buckinghamshire, (86.
Female life expectancy was also highest in rural areas, at 82.
This difference was much greater for healthy life expectancy than it was for life expectancy.
Many Americans may be surprised by the finding by the 2014 America's Health Rankings that the United States is ranked 34th globally in life expectancy.
In the North East, life expectancy is highest in Northumberland, at 79.
In the two largest Turkish cities, ystanbul and Ankara, life expectancy averaged 77.
The annual statistics report showed that low-income countries have made the greatest progress, with an average increase in life expectancy by 9 years from 1990 to 2012, higher than the global average increase level of six.
Based on global averages, a girl who was born in 2012 can live six years longer than the average global life expectancy for a child born in 1990, said the study.
WHO has associated the increase in life expectancy to success in finding cures to noncommunicable diseases and a decline in the number of smokers.
On a positive note, life expectancy in Bulgaria increased by 7.
To examine life expectancy in greater detail among HIV-positive residents of the United States and Canada, researchers working with NA-ACCORD, a large collaboration of HIV study groups, conducted the study described here.