Mortality
Here are the probabilities that a newly underwritten male nonsmoker will live another 10 years.
| Age | Surviving 10 years | Dying within 10 yrs |
|---|---|---|
| 20 | 99.60% | 0.40% |
| 30 | 99.60% | 0.40% |
| 40 | 99.20% | 0.80% |
| 50 | 97.90% | 2.10% |
| 60 | 94.30% | 5.70% |
| 70 | 85.80% | 14.20% |
| 80 | 67.30% | 32.70% |
Mortality table: 60% of Canadian Institute of Actuaries 1988-1992 table
As you can see, the chances of death are very low at the ages where term life insurance is sold.
Articles
- The leading causes of death from 1900-2010
(Business Insider, Jun 2012)
page revision: 6, last edited: 21 Jan 2013 15:11