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. Insurance

    Can I Get Life Insurance?

  2. Home & Auto

    Insure Your Future With A Career As ...

  3. Home & Auto

    Make No-Load Annuities Your Viable Alternative

  4. Insurance

    What are the pros and cons of life insurance ...

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  4. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  5. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center