Life expectancy table Clause Samples
A life expectancy table clause defines the use of standardized actuarial tables to determine the expected remaining lifespan of an individual, typically for the purposes of calculating benefits, annuities, or other time-dependent financial obligations. In practice, this clause specifies which table or set of tables should be referenced, such as those published by government agencies or actuarial organizations, and may outline how updates to these tables are handled over time. The core function of this clause is to ensure consistency and fairness in calculations that depend on life expectancy, thereby reducing disputes and providing a clear basis for financial planning or settlement.
Life expectancy table. The life expectancy is determined by taking the age of the person, set forth in the “age” column and comparing it to the “weeks” column, which indicates the weeks an individual at the age indicated will be expected to continue to live. AGE WEEKS AGE WEEKS AGE WEEKS 0 3687 29 2330 58 1035 1 3708 30 2278 59 998 2 3661 31 2231 60 962 3 3614 32 2184 61 926 4 3562 33 2132 62 889 5 3510 34 2085 63 858 6 3463 35 2038 64 822 7 3411 36 1992 65 790 8 3359 37 1940 66 759 9 3312 38 1893 67 723 10 3260 39 1846 68 697 11 3208 40 1799 69 666 12 3156 41 1752 70 634 13 3104 42 1711 71 608 14 3058 43 1664 72 577 15 3006 44 1617 73 551 16 2959 45 1570 74 525 17 2907 46 1529 75 499 18 2860 47 1482 76 473 19 2808 48 1440 77 452 20 2761 49 1399 78 426 21 2714 50 1357 79 406 22 2668 51 1310 80 385 23 2616 52 1274 81 369 24 2569 53 1232 82 348 25 2522 54 1191 83 333 26 2475 55 1149 84 317 27 2423 56 1113 85 302 28 2376 57 1071