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 ?
The distribution of life expectancy across England was characterised by a north-south divide, with people in local areas in the north generally living shorter lives than those in the south.
Predicted life expectancy was subtracted from the actual life expectancy for all respondents and all cases, so that underestimated life expectancies were represented by negative values.
When asked the reason for their estimate of their own life expectancy, roughly half of respondents (47% of retirees and 51% of pre-retirees) cite family history.
The lowest healthy life expectancy for women and men was observed in Slovakia (2.
We used the risk estimates in standard, complete life tables to calculate life expectancy for black and white men and women in each state (Preston, Heuveline, and Guillot 2001).
Udloriak Hanson, spokesperson for Inuit Tapiriit Kanatami (ITK), attributes the lower life expectancy to a number of factors.
Among ethnic groups, Asian-Americans enjoy a life expectancy of 87.
It added: "While life expectancy is increasing in Wirral, it is not improving at the same rate as England as a whole.
The reasons for the difference between male and female life expectancy are not fully understood.
Data needed to estimate life expectancy by county were taken from vital statistics reports provided by the Mississippi Department of Health (1971 and 1991) and reports for the 1970 and 1990 censuses (U.
The Antiretroviral Therapy Cohort Collaboration, Life expectancy of individuals on combination antiretroviral therapy in high-income countries: a collaborative analysis of 14 cohort studies, Lancet, 372(9635):293-299.
In a continuation of long-term trends, life expectancy has been steadily increasing in the United States for the past several decades.