Commissioners Standard Industrial Mortality Table

AAA

DEFINITION of 'Commissioners Standard Industrial Mortality Table'

A mathematical table used by actuaries to calculate the nonforfeiture values of industrial life insurance policies. Commmissioners Standard Industrial mortality tables establish the minimum amount that must be paid to the policyholder. These tables create uniform payout standards for industrial life insurance policies.

INVESTOPEDIA EXPLAINS 'Commissioners Standard Industrial Mortality Table'

The life expectancy of the insured in these tables is shorter than that of standard tables like the commissioners' standard ordinary mortality table. Therefore, the premiums for industrial policies are somewhat higher than for standard policies. This is due to the fact that the average life expectancy for the insured in industrial policies tends to be less than those who are insured by stardard life policies.

RELATED TERMS
  1. American Experience Table

    A set of data, presented in table format, showing when Americans ...
  2. Commissioners' Annuity Reserve ...

    A term denoting statutory cash reserves for annuities. CARVM ...
  3. Actuary

    A professional statistician working for an insurance company. ...
  4. Life Insurance

    A protection against the loss of income that would result if ...
  5. Deductible

    1. The amount you have to pay out-of-pocket for expenses before ...
  6. Insurance

    A contract (policy) in which an individual or entity receives ...
Related Articles
  1. Is Your Insurance Company Going Belly ...
    Home & Auto

    Is Your Insurance Company Going Belly ...

  2. Insure Your Future With A Career As ...
    Home & Auto

    Insure Your Future With A Career As ...

  3. Will Filing An Insurance Claim Raise ...
    Insurance

    Will Filing An Insurance Claim Raise ...

  4. Is Insurance Underwriting Right For ...
    Insurance

    Is Insurance Underwriting Right For ...

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center