Mortality table construction based on Social Security System's 1974-1983 mortality experience

• Main Author: Jaravata, Deogracias Jerome del Rosario
• Format: text
• Language: English
• Published: Animo Repository 1985
• Subjects: Mortality > Tables; Social Security System; Insurance, Life > Mathematics
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/15989
• Institution: De La Salle University

Mortality table is a device used in exhibiting mortality data. It is a series of relationships between the probable numbers of dying and living at a given age. It has five columns the age (x), number living (lx), deaths each year (dx), probability of dying (qx), and the expectation of life (ex). Mortality table was constructed based on the mortality experience of an insurer which consists of the number of deaths and the number of persons exposed at age x. Using the 1974-1983 SSS Mortality Experience, the values of qx, lx, dx, and ex are computed. With these values, mortality table is constructed. Then, using again these values and the SSS interest rate, the commutation functions column is constructed. This column helps in computing life insurance premiums.