MORTALITY FACTOR
mortality factor. Insurance. In life-insurance ratemaking, an estimate of the average number of deaths that will occur each year at each specific age, calculated by using an actuarial table. ? The mortality factor is one element that a life insurer uses to calculate premium rates. See ACTUARIAL TABLE; PREMIUM RATE. Cf. INTEREST FACTOR; RISK FACTOR. [Cases: Insurance 1542(1). C.J.S. Insurance ¡ì 66.]
What is the preferred translation of the term MORTALITY FACTOR by Chinese lawyers?
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