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. Premium

    1. The total cost of an option. 2. The difference between the ...
  5. Actuary

    A professional statistician working for an insurance company. ...
  6. Insurance

    A contract (policy) in which an individual or entity receives ...
Related Articles
  1. Insurance

    Can I Get Life Insurance?

    Find out what you can do to get the coverage you need for the right price.
  2. Home & Auto

    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.
  3. Home & Auto

    Make No-Load Annuities Your Viable Alternative

    These alternative retirement funds provide diversification with no fees, so what's the catch?
  4. Insurance

    Life Insurance: How Much Does Age Raise Your Rate?

    If you need life insurance, try to get it before your next birthday. Here's why.
  5. Insurance

    What Happens If Your Insurance Company Goes Bankrupt?

    When insurance companies go bankrupt or face financial difficulty, it's bad news for policy holders.
  6. Insurance

    How to Use a Waiver of Subrogation

    A waiver of subrogation means that a party to a contract waives the right to allow someone (usually an insurance company) to sue the other party to the contract in case of a loss.
  7. Insurance

    Should You Borrow From Your Life Insurance?

    A loan against the cash value of your life insurance isn't the best way to raise money – but sometimes it's the best choice you have. How to decide.
  8. Insurance

    Life Insurance: How Long Does It Take To Get Paid?

    How to file for a life insurance payout – and how long it takes to receive it. Plus, new ways to plan for payments that provide an income stream.
  9. Trading Strategies

    How Good An Investment Is Life Insurance?

    Compared to other options, does it ever make sense to include cash-value life insurance in your investment portfolio? A look at the pros and cons.
  10. Retirement

    The Smart Way To Use Life Insurance For Retirement

    Here's how to incorporate life insurance into a plan to ensure that you and your family have the smoothest possible transition into retirement.

You May Also Like

Hot Definitions
  1. Asset Class

    A group of securities that exhibit similar characteristics, behave similarly in the marketplace, and are subject to the same ...
  2. Fiat Money

    Currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat ...
  3. Interest Rate Risk

    The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between ...
  4. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  5. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  6. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
Trading Center