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Estimated life, as it relates to people: The life insurance company's estimation of how long someone will live, so that they can prescribe a life insurance policy accordingly, in order to take the most money from the customer as possible. They use something called an "Actuary Table".

Estimated life, as it relates to products and services: The estimated life of your home loan (if you're not late on your payments). The estimated life of company A., before it is sold and becomes part of company B.

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14y ago

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