What is Conventional Mortality?

Answer 1

Conventional mortality refers to the standard or expected death rates within a specific population, typically based on historical data and statistical models. It is commonly used in actuarial science and public health to assess the likelihood of death at various ages and to inform life insurance, pensions, and healthcare planning. This concept contrasts with mortality rates adjusted for specific factors such as disease outbreaks or other unusual events. Understanding conventional mortality helps in making demographic predictions and resource allocations.