Reply To: Mortality and force of mortality
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July 6, 2020 at 1:33 pm
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A mortality rate is a measure of the frequency of occurrence of death in a defined population during a specified interval. Morbidity and mortality measures are often the same mathematically it’s just a matter of what you choose to measure, illness or death.
In actuarial science, force of mortality represents the instantaneous rate of mortality at a certain age measured on an annualized basis. It is identical in concept to failure rate, also called hazard function, in reliability theory.