Question 65

Yearly probabilities of death are shown in mortality tables.

Mortality tables provide statistical data on the probabilities of death at various ages, allowing for the assessment of life expectancy and risk analysis.

A) Mortality tables

Mortality tables are specifically designed to present the likelihood of death at different ages, making them the correct choice for this question. They compile extensive data on death rates over time, which is essential for actuaries, insurers, and demographers.

B) Morbidity tables

Morbidity tables focus on the incidence of disease and illness rather than death. While they are important in understanding health trends, they do not provide information on mortality rates, making this option incorrect.

C) Policy illustrations

Policy illustrations are tools used to demonstrate the benefits and performance of insurance policies over time. They do not contain statistical data about death probabilities, thus making them irrelevant to the question.

D) Policy summaries

Policy summaries offer an overview of insurance policies, including coverage details and terms. However, they lack specific statistical data regarding yearly probabilities of death, rendering this option incorrect.

Conclusion

The correct answer is A) Mortality tables, as they specifically detail the probabilities of death across different age groups. Other options either pertain to health status, insurance policy details, or lack the necessary statistical focus, thereby failing to address the question appropriately.