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 ?
Baby girls in Cowpen, Blyth, have the lowest life expectancy in the region, excluding Teesside, at 75.
One of the starkest differences was in Wirral, where two bordering areas near Birkenhead are separated by a gulf of 19 years in healthy life expectancy.
Between the 1999-2001 and 2014 reporting periods, life expectancy for people in all age groups improved.
In addition, risk factors - obesity, smoking, diabetes, hypertension and such - explained about three-quarters of the variations in life expectancy, while the remaining was explained by socioeconomic factors, such as poverty, income, race, education and race.
The National Audit Office says there is a "pattern of inequality in healthy life expectancy at birth, whereby the estimate falls in line with the increasing deprivation".
The majority of local areas in the bottom 50 with the lowest life expectancy at birth (68% of areas for boys and 70% for girls) were in Wales and the north of England.
The gap in life expectancy at birth between the most and least deprived areas stood at 7.
An important reason why global life expectancy has improved so much is that fewer children are dying before their fifth birthday," Margaret Chan, WHO director general said in a statement.
A report a few weeks ago by the Organization for Economic Cooperation and Development (OECD) ranked Israel as having the eighth highest life expectancy among the 36 most developed nations.
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.
The next stage of our analysis will look to see how life expectancy differs according to risk-factor profiles, which will give us greater insight into where the improvements have occurred.
Life Expectancy at Birth, by Sex and Black or White Race--National Vital Statistics System, United States, 2000-2011 *