Demography and Vital Statistics-Life Table: Main Features and Uses [ISS (Statistical Services) Statistics Paper IV]: Questions 1 - 1 of 1

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Question 1

Appeared in Year: 2015

Describe in Detail Subjective▾

Explain briefly the uses of life table

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Explanation

A life table mainly displays the death rate between two consecutive birth days and expectation of life at any age of a cohort. The information revealed by a life-table has application in many fields and hence its uses can be summarized as given below:

  1. Life tables are of great use to actuaries to estimate the insurance risks and premiums.
  2. Life tables …

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