How Likely the Government Thinks You Are to Die This Year
June 25, 2019 by Allison Bell
The life insurers that issue annuities are keenly interested in whether annuity holders will die this year.
They hope, as kind human beings, that the annuity holders will live long and healthy lives, but shorter lives would cut contract benefits payouts.
Issuers come up with death rate forecasts for a particular year by using their own customers’ data; industrywide data collected by consultants, reinsurers and industry groups; and information collected by government agencies.
The National Center for Health Statistics, part of the U.S. Centers for Disease Control and Prevention (CDC), is one of the top mortality information providers in the world.
The CDC has released several mortality-related tables this week. One, United States Life Tables, 2017, shows how likely people at specific ages from 0 to 100 were to die in 2017.
Click HERE to read the full story via ThinkAdvisor.
