Posted on July 20, 2013July 20, 2013
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.
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Occurs where the insured property is so damaged that it ceases to be a thing of the kind insured; that is, it changes its specie. An example would be bags of cement which have been immersed in water.