Investopedia explains 'American Experience Table'
The creation of accurate mortality tables is crucial to the financial viability of life insurance companies. As such, there are many different types of mortality tables. Some are considered more accurate or more appropriate than others depending on the situation. For example, one type of mortality table, the ultimate mortality table, excludes individuals who have recently purchased life insurance since these individuals had to pass medical exams to obtain the insurance and are known to be healthy. Other tables might account for the effects of gender weight, and tobacco use on expected mortality rates.
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