Life expectancy In most publications, the concept of life expectancy refers to the expected (remaining) life of a person at birth. The publication. Projection Table AG2014, refers to remaining life expectancy because this concept applies to every age. This may relate to period life expectancy or cohort life expectancy. Retirement pension A type of insurance in which the insured member (the principle insured) receives a periodic benefit after attaining the retirement age and for as long as he or she is alive. Period life expectancy Life expectancy based on a period table. Period table A mortality table based on observed mortality figures from one or more observation years. The Association uses the mortality figures of five preceding calendar years for its period tables. A period table does not take into account the developments of mortality and, in doing so, assumes constant mortality probabilities for future years. Projection period The number of future years in which conclusions are stated about mortality figures in accordance with the model. projection life table A mortality table in which mortality figures are stated for each future year. As a result, mortality probabilities are available for each combination of age and observation year. It is therefore possible to calculate a remaining life expectancy for each age and for every (future) year. Statline Statline is the public databank of Statistics Netherlands and provides figures on the economy, the population of the Netherlands and our society. Stochastic model A model in which the future mortality probabilities are not specified but are described by means of probability distributions. Stochastic projection life table A projection table which is the outcome of the use of a stochastic model and which therefore assumes various values for various scenarios of the coincidence variables (as can be observed in simulations). Projection Table AG2016 Appendix D 44
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