Definition of Valuation Mortality Table

A valuation mortality table is a statistical chart that insurance companies use to evaluate cash surrender values and statutory reserve of life insurance plans.

Explanation of Valuation Mortality Table

In general, a mortality table indicates death rates at given ages based on the number of deaths that arise per 1,000 individuals of the age in question. It shows the possibility of someone of a particular age living up to certain number of years. Insurance companies use it to assess the amount of risk for each policy.