What is MORTALITY RATE?

Likelihood that a person will die, belonging to a specific group, categorized by age, occupation, or some other factor. In setting life insurance premium rates, mortality rate is a basic factors used.

More On This Topic



Link to This Definition
Did you find this definition of MORTALITY RATE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary