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 total fertility rate in rural China in 1930 was about 5 1/2 children per woman; the expectation of life was about 24 years; the annual rate of increase was close to zero.
At the time infant mortality was still high, and the expectation of life at birth still low.
I know his expectation of life is not enormous, but what is the expectation of our sex life together?
'If you look at the expectation of life in Merthyr 100-years ago and even 50-years ago it would have been less than it is now.
The insurance ``reptiles'' stated that, owing to my age, my expectation of life was limited.
The Ministry said thorough studies into the health of test veterans by the National Radiological Protection Board and the Imperial Cancer Research Fund showed their participation had no detectable effect on their expectation of life or on their risk of developing cancer or other fatal diseases.
Off the field the German oozes self-confidence but proving he can the handle the pressure and expectation of life at Anfield is a different matter.
There was a loss of their fertility, and permanent consequences included a small but nevertheless statistical reduction in their expectation of life.
Expectation of life at birth was provisionally estimated at 79.7 years for females and 74.8 for males, based on 1999 figures.
At birth the expectation of life for a man in Britain is now more than 74 years and for a woman nearly 80, compared with 49 for men and 52 for women in 1901
"Smokers who stop before the age of 35 years have an expectation of life not significantly different from non-smokers."