Yearly Probability Of Living
What is ‘Yearly Probability Of Living ‘
A numerical figure that depicts the likelihood of someone living per year. The yearly probability of living is determined by looking at a mortality table which shows the rate of death at each age in terms of the number of deaths per thousand. The data in the chart is determined by dividing the number of people alive at the end of a given year by the number of people alive at the beginning of that same year.
Explaining ‘Yearly Probability Of Living ‘
These formulas are generally used by insurance companies to help determine premiums for a cohort or group. Also referred to as the probability of survival meaning the probability that individuals of the same birth group will be alive x number of years later.
Further Reading
- The financial survival probability of living annuitants – www.ingentaconnect.com [PDF]
- A New Method of Appraisal of Economic Loss Caused by Death or Disability: The Annual Risk of Death Method – heinonline.org [PDF]
- Weather and financial risk-taking: is happiness the channel? – papers.ssrn.com [PDF]
- Annual direct cost of urinary incontinence – www.sciencedirect.com [PDF]
- Can insurance increase financial risk?: The curious case of health insurance in China – www.sciencedirect.com [PDF]
- Extended family households among children in the United States: Differences by race/ethnicity and socio-economic status – www.tandfonline.com [PDF]
- Six-year effect of depressive symptoms on the course of physical disability in community-living older adults – jamanetwork.com [PDF]
- Household Use of Open‐End Credit to Finance Risk – onlinelibrary.wiley.com [PDF]
- Why Are More Men Living with Their Parents? – search.proquest.com [PDF]
- Is Conventional Financial Planning Good for Your Financial Health? – books.google.com [PDF]
