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Dictionary of Insurance Terms
american experience table

chart published in 1868 by Sheppard Homans, an actuary with the Mutual Life Insurance Company of New York, based on insured lives from 1843 to 1858. Historically, it was widely used for life insurance premium and reserve calculations. It was replaced by the C.S.O. Table.

See also Commissioners Standard Ordinary mortality table (CSO)
Related Terms:
Commissioners Standard Ordinary mortality table (CSO)

table used in calculating minimum nonforfeiture values and policy reserves for ordinary life insurance policies. These tables, which give minimum values that must be guaranteed to policyowners as approved by the National Association of Insurance Commissioners (NAIC), depict the number of people dying each year out of the original population, not as individuals, but in age groups.

Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
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