life expectancy
age to which an average person can be expected to live, as calculated by an actuary .
Life expectancy
Definition: The average length of time that people in a country are expected to live.
Life Expectancy: Life expectancy represents the average future time an individual can expect to live. To perform this calculation assumptions are made as to the mortality table the life will follow.
Life Expectancy
The average number of years of life remaining for a group of people of a given age and gender according to a particular mortality table.
Life Income Fund ...
Life expectancy
Your life expectancy is the age to which you can expect to live.
Life expectancy
The length of time that an average person is expected to live, which is used by insurance companies use to make projections of benefit payouts.
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Life expectancy adjusted withdrawal plan - A plan through which a mutual fund investor's holdings are fully depleted while providing maximum periodic income over the investor's lifetime.
Life expectancy at birth. The number of years a newborn baby would live if, at each age it passes through, the chances of his/her survival were the same as they were for that age group in the year of his/her birth.
Life Expectancy: The average number of years people of a given age are expected to live, according to a mortality table based on factors such as gender, age, heredity, and health characteristics.
Life expectancy at birth - The average number of years new-born babies can be expected to live if health conditions remain the same. It is a good indicator of health and medical care.
Life Expectancy Providers (LEPs) are specialized independent companies that issue life expectancy reports (LERs) that estimate the life expectancy (LE) of an individual (typically the insured individual on whose life a life insurance policy involved ...
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Life expectancy adjusted withdrawal plan
Plan offered by mutual fund companies whereby an investor's assets are returned in total by the end of the plan in the form of maximum periodic payments during the planholder's expected lifetime.
Learn about Life Expectancy and Eating Lunch
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Healthy Living Tips: Skipping Lunch Part 2 ...
With a longer life expectancy and earlier retirement, your retirement period will increasingly be a major phase of your life. Retirement ought to be 'a holiday' but so often is a strain.
Life expectancy
The expected value of the number of years a person has yet to live at a given age or, if age is unspecified, at birth, based on the distribution of actual deaths in the population to which the person belongs.
When an asset's life expectancy is reached, you may want to dispose of it.
Annuity rates and life expectancy
If you are approaching retirement you are probably thinking about annuities. This can be a very difficult and baffling time as many different companies claim to be offering you the best annuity.
Recalculation method A method of calculating required minimum distributions from a retirement plan using life expectancy tables.
recalculation method A distribution calculation method for retirement accounts in which each year's distributions are based on current life expectancy.
Life expectancy has almost doubled in the developing world since the postwar years and is starting to close the gap on the developed world where the improvement has been smaller. Infant mortality has decreased in every developing region of the world.
life expectancy The age to which an average person is expected to live, as calculated by actuaries and shown on a mortality table. life insurance Insurance providing payment of a specified sum of money to a beneficiary when the insured dies.
Any item having a life expectancy of one year or more.
Escalator clause.
A clause in a contract providing for increases in costs such as labor expenses and materials.
Escape Clause ...
As a result, life expectancy in poor countries is catching up with that in the leaders faster than income per capita. Yet governments in poor countries continue to impede the flow of many other ideas, especially those with commercial value.
Divide this balance by one of the following life expectancies: your remaining life expectancy, or the remaining joint life expectancy of yourself and your oldest beneficiary.
A common actuarial assumption that is made is life expectancy of a person seeking life insurance.
All products have a limited life expectancy. Some are very short, like the Beta Recording Systems, and some are very lengthy, like the television. The four stages are introduction, growth, maturity, and decline.
Yield to Call, Option or Event Date - Is akin to Yield to Maturity but adjusts for a short life expectancy.
Accountants typically rely on actuaries (persons trained and skilled to make assessments about life expectancy and related work force trends) to come up with certain core estimates.
Life expectancy in Western countries has steadily increased over the past few decades, leaving pension funds exposed to the risk that their life expectancy assumptions are insufficient, ...
Actuaries use mathematical models and life expectancy tables to compute payment amounts which will last for the life of the annuitant (the longer you wait, the larger your payments will be).
A type of retirement income arrangement under which an individual invests a lump sum and then draws down an annual pension to a value he/she sees fit, taking account of his/her own expected cash flow needs and life expectancy.
A method of calculating required minimum distributions from a retirement plan using life expectancy tables. Unisex data tables allow a plan holder to determine the applicable life expectancy each year a distribution is required.
Increasing life expectancy trends among policy holders and pensioners can result in payout levels that are higher than what a company or fund originally accounts for.
You calculate your MRD by dividing your account balance at the end of your plan's fiscal year &151; usually but not always December 31 &151; by your life expectancy.
Possible variables include life expectancy, return on investments, interest rates, and compensation.
Actuarial tables showing life expectancy and death rates for an individual by sex and age. Mortality tables are used by life insurance companies for setting premiums and to ensure they have an appropriate level of reserves.
Multi-Manager Fund ...
In addition, retirees are apt to live longer as improvements in health care extend life expectancy. People retiring at age 60 today are expected to live another 25 years, or more than half again the length of their working careers.
ANNUITANT: The person whose life expectancy is used to measure the length of time income payments are payable under the immediate annuity contract. This person is usually designated to receive the income.
A security which is structured to have a reasonable life expectancy provided the prepayment speeds stay within the defined ranges.
An actuary is a person who calculates statistical risks, life expectancy, and payout probabilities for various purposes. In accounting, actuaries are most often used for determining pension funding.
Additional information ...
And you have a remaining life expectancy that's statistically about 20 years or more - still a long way to go. Be sure to prepare to preserve your assets for the long haul. Here are a few things to work on.
The contract issuer assumes the risk that you could outlive your life expectancy and therefore collect income over a longer period than it anticipated. You take the risk that the insurance company will be able to meet its obligations to pay.
Capitalized Property - Personal property of the agency which has an average dollar value of $300.00 or more and a life expectancy of one year or more. Capitalized property shall be depreciated annually over the expected useful life to the agency.
a strong positive impact on economic growth by the investment rate (especially the rate of investment in plant and equipment) and by various measures of human capital (such as the literacy rate, school enrollment ratios, and average life expectancy).
Annuitant
The person, usually the annuity owner, whose life expectancy is used to calculate the income payment amount on the annuity.
GNP per person is often used as a measure of people's welfare. Countries with higher GNP often score highly on other measures of welfare, such as life expectancy.
Depending on your retirement plan, when you turn 70 1/2, you may have to begin taking money out of the plan through "mandatory distributions," which are set according to an IRS schedule based on life expectancy.
A series of periodic payments payable for either a defined period or based on either a single life or a joint life expectancy or both.
Replacement Reserve Fund
A fund set aside for the replacement of common property in a condominium, PUD, or cooperative project -- particularly that which has a short life expectancy, such as carpeting, furniture, etc.
When an employee reaches the age of 70.5 a minimum distribution is required. The amount is determined by the amount in the employee's account and the employee's life expectancy.
Minimum Participation Requirements ...
It provides a fixed annual distribution amount that once determined is never adjusted to changes in the level of income or life expectancy.
individual to pay for retirement, old-age, death, survivor, unemployment, illness, or disability benefits, or for similar purposes, is not payment for a specific economic benefit if the amount of the tax does not depend on the age, life expectancy, ...
The loan is underwritten based on the value of the collateral (home) and the life expectancy of the borrower. The loan must be repaid when you die, sell your home, or no longer live there as your principal residence.
- The minimum distributions a person must take from his/her Traditional IRA beginning no later than April 1 of the year following the year the person turns 70-1/2. The minimum distribution amount depends on many factors, including life expectancy.
policies allow an insured to convert to permanent insurance without a physical examination at the insured's then attained age. Upon conversion, the premium usually rises substantially to reflect the insured's age and diminished life expectancy.
A product such as a car or appliance which is not destroyed by its use and whose life expectancy is at least three years, in contrast to som...(Read more)
Consumer Price Index ...
Buy health insurance while unemployed (you must be on unemployment for 12 weeks).
Take a series of substantially equal payments (based on life expectancy) for at least five years and until age 59 1/2.
In addition to the bucks you’ll save, consider that you’ll likely head to bed earlier, avoid the dreaded next-day hangover, and extend your life expectancy. You may also find the solitude doing wonders for your mental health.
greatly among various groups within a country, it also varies from nation to nation, and international comparisons are sometimes made by analyzing gross national products, per capita incomes, or any number of other indicators from life expectancy to ...
 See also: Expense, Saving, Banks, Values, Mergers
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