The average number of years remaining for a person of a given age to live, as shown on the mortality or annuity table used as a reference.
The average number of years remaining for a person of a given age to live, as shown on the mortality or annuity table used as a reference.
The increase in the total amount of business an insurer has to force over a given period of time. It is figured as the total of new policies issued, plus those renewed, less policies lapsed and cancelled.