select and ultimate mortality

  • The mortality of insured individuals who have been recently checked by an insurance company and issued standard insurance is lower in general than that of individuals who are of the same age but were issued insurance many years ago. The mortality experience of recently insured individuals is called "select" experience; the mortality experience of individuals insured many years ago is called "ultimate" experience.

    Internal Revenue Service 1
    See also select mortality

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).