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.

BREAKING DOWN '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. Select Mortality Table

    A mortality table which outlines life contingency statistics ...
  2. Actuarial Life Table

    A table or spreadsheet that shows the probability of a person ...
  3. Aggregate Mortality Table

    Data on the death rate of everyone who has purchased life insurance, ...
  4. Tax Table

    A table or chart displaying the amount of tax due based on income ...
  5. Yearly Probability Of Dying

    A numerical figure that depicts the likelihood of someone dying ...
  6. Actuary

    A professional dealing with the assessment and management of ...
Related Articles
  1. Insurance

    Extreme Mortality Bonds: High Risk and High Reward

    Insurance companies issue extreme mortality bonds to cover their losses in the event of a large-scale disaster. Here's a look into these high-risk, high-reward bonds.
  2. Investing

    Reading Financial Tables Tutorial

    Learn about six common types of financial tables and figure out how to interpret them.
  3. Managing Wealth

    What are Ordinary Shares?

    Ordinary shares are any type of shares that are not preferred and don’t pay any type of predetermined dividend amount.
  4. Personal Finance

    Insure Your Future with a Career as an Actuary

    If you've got excellent math skills, they can add up to a lucrative career as an actuary.
  5. Investing

    What's an Ordinary Annuity?

    An ordinary annuity is a series of equal payments made at the end of each period over a fixed amount of time.
  6. Financial Advisor

    Advising FAs: Explaining Life Insurance to a Client

    Life insurance was initially designed to protect the income of families, particularly young families in the wealth accumulation phase, in the event of the head of household's death.
  7. Financial Advisor

    Getting Life Insurance in Your 20s Pays Off

    Find out how Americans in their 20s can benefit from a well-thought-out life insurance policy, especially if they are able to build cash value for retirement.
  8. Insurance

    What Is the Best Age to Get Life Insurance?

    Learn about the optimal time for purchasing personal life insurance and why delaying the buying decision may have costly consequences.
RELATED FAQS
  1. How many votes am I entitled to, if I own ordinary shares of a company?

    Understand what an ordinary share is and how it may benefit investors. Learn how many votes an investor is entitled to, if ... Read Answer >>
  2. What is the difference between the death benefit and cash value of an insurance policy?

    Understand the difference between the various components of a life insurance policy including the death benefit and a policy's ... Read Answer >>
  3. Do tax brackets include Social Security?

    Find out whether your Social Security benefits are subject to taxation, and learn how they can affect your tax bracket as ... Read Answer >>
Hot Definitions
  1. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying ...
  2. Frexit

    Frexit – short for "French exit" – is a French spinoff of the term Brexit, which emerged when the United Kingdom voted to ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Down Round

    A round of financing where investors purchase stock from a company at a lower valuation than the valuation placed upon the ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Portfolio Investment

    A holding of an asset in a portfolio. A portfolio investment is made with the expectation of earning a return on it. This ...
Trading Center