Legal Definitions - actuarial table

An actuarial table is a chart that shows statistical data about life expectancies for people in different categories. These categories can include age, family history, and exposure to certain chemicals or substances. Actuarial tables are often used in legal cases and insurance policies to help determine risk and potential outcomes.

For example, an actuarial table may show that a person who is 65 years old has an average life expectancy of 20 more years. This information can be used by insurance companies to determine premiums for life insurance policies. It can also be used in legal cases to help determine damages in cases where a person's life expectancy has been shortened due to negligence or exposure to harmful substances.

Overall, actuarial tables provide important information about life expectancies and can be used in a variety of settings to help make important decisions.