Important Points for IC 22 - Life Insurance Underwriting Exam
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Mortality refers to a fatal outcome or death.
Mortality rate is the ratio of total deaths that occurred in a given group of people in a certain area over a specified / defined period of time, which is usually a year.
The number of deaths in a given time in a given population is the mortality or the death rate.
Mortality table used by actuaries is a table that contains data on mortality rates on the basis of age, gender, occupation etc.
Mortality rate is the frequency with which a disease appears in a group of people on the basis of their age, gender, occupation etc.
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