# Yearly Probability of Dying

Importance: 0.43

Is a company: no

Is a proper noun: no

### Synonyms

• statistical data
• possibility of death
• chances of dying
• life-expectancy data

### Definition of Yearly Probability of Dying

1. The statistical probability that a person of a given age and gender will die within a year. Used in actuarial science, the yearly probability of science is determined by consulting a mortality table. For example, a 60 year old male has a 1.1% probability of dying within a year, whereas a 75 year old man has a 4.0% probability of dying.

### Related Terms and Acronyms

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• A calculation used to determine the annual cost of protection for insurance policies with savings components.
• Underlying Mortality Assumption Definition,
• A measurement of death rates that is used to estimate pension obligations and insurance premiums.
• Insurance Score Bank,
• A score used by those in the insurance industry to determine how likely a claim will need to be paid out for an individual or entity.
• Morbidity Rate Definition,
• A measurement of how prevalent a medical condition or disease is.
• Yearly Probability of Living Definition,
• The likelihood that an individual of a certain age and gender will still be alive after a year has passed.
• Mortality Rate Definition,
• A measurement of how many people in a particular population set and in a particular period of time die.
• Selection Bias Bank,
• A statistical error made when non-random data is added into a dataset.
• Ultimate Mortality Table Definition,
• A mortality table that does not include information from people who have been approved for life insurance recently.
• Actuarial Table Bank,
• A table used in actuarial science that outlines the statistical probability that an individual of a specific age and sex will die within a year.
• Survival Analysis Bank,
• A statistical analysis of how likely someone or something will survive to a set date.
• Issue Age Definition,
• The policyholder's age when the policy was first issued, to the nearest year.
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