50 Ill. Adm. Code 935.45
Application of the 2012 IAR Mortality Table
Section 935.45 Application
of the 2012 IAR Mortality Table
a) In using the 2012 IAR Mortality Table, the mortality rate for
a person age x in year (2012 + n) is calculated as follows:
b) The resulting
shall be
rounded to three decimal places per 1,000, e.g., 0.741 deaths per 1,000. Also,
the rounding shall occur according to the formula in subsection (a), starting
at the 2012 period table rate.
c) For
example, for a male age 30,
= 0.741.
= 0.741 * (1 – 0.010) ^ 1 =
0.73359, which is rounded to 0.734.
= 0.741 * (1 – 0.010) ^ 2 =
0.7262541, which is rounded to 0.726.
d) A method leading to incorrect rounding would be to calculate
as
* (1 – 0.010), or 0.734 * 0.99
= 0.727. It is incorrect to use the already rounded
to
calculate
.