## 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.

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## BREAKING DOWN '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.

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