Commissioners Standard Ordinary Mortality Table

AAA

DEFINITION of 'Commissioners Standard Ordinary Mortality Table '

An actuarial table used to compute the minimum nonforfeiture values of ordinary life insurance policies. The Commissioners Standard Ordinary (CSO) mortality table reflects the probability that people in various age groups will die in a given year.

INVESTOPEDIA EXPLAINS 'Commissioners Standard Ordinary Mortality Table '

CSO mortality tables stand in contrast to industrial mortality tables for industrial life insurance policies. CSO tables require lower premiums from policy owners than industrial policies because these individuals tend to live longer. Both tables must be approved by the National Association of Insurance Commissioners.

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. Mortality Table

    A table that shows the rate of deaths occurring in a defined ...
  4. Actuary

    A professional statistician working for an insurance company. ...
  5. Premium

    1. The total cost of an option. 2. The difference between the ...
  6. Insurance

    A contract (policy) in which an individual or entity receives ...
Related Articles
  1. Can I Get Life Insurance?
    Insurance

    Can I Get Life Insurance?

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

    Insure Your Future With A Career As ...

  3. Make No-Load Annuities Your Viable Alternative
    Home & Auto

    Make No-Load Annuities Your Viable Alternative

  4. How the Affordable Care Act Changed ...
    Insurance

    How the Affordable Care Act Changed ...

comments powered by Disqus
Hot Definitions
  1. 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 ...
  2. Ratio Analysis

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

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

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. 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" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center