Small Business Resources, Business Advice and Forms from AllBusiness.com

Life Expectancy

The best tips and advice from our vast library of articles, videos, and business tools

Newly Added Articles

Business Glossary
icon - industry associations

Definitions for: life expectancy
life expectancy

age to which an average person can be expected to live, as calculated by an actuary. Insurance companies base their projections of benefit payouts on actuarial studies of such factors as sex, heredity, and health habits and base their rates on actuarial analysis. Life expectancy can be calculated at birth or at some other age and generally varies according to age. Thus, all persons at birth might have an average life expectancy of 80 years and all persons aged 40 years might have an average life expectancy of 85 years.

Life expectancy projections determine such matters as the ages when an Individual Retirement Account may start and finish withdrawing funds. Annuities payable for lifetimes are usually based on separate male or female tables, except that a qualified plan or trust must use unisex tables.

Copyright © 2006, 2003, 1998, 1995, 1991, 1987, 1985 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

Search the Business Glossary:

icon - industry associations

Industry Associations

Industry Associations
International Society on Hypertension in Blacks
Aims to improve the health and life expectancy of ethnic minorities and eliminate racial and ethnic health disparities in cardiovascular disease through professional and public education, targeted clinical research, and ...

Founded: 1986
Dues: practicing healthcare professional, $180 annual; non-practicing healthcare professional, $150 annual; life, $2,500 annual; resident/fellow, $75 annual; student, $50 annual; institutional (based on annual operating budget), $2,500-$10,000 annual. MULTINATIONAL.