For life insurance calculations, what age are all persons statistically considered "dead" at?

In life insurance calculations, it is a common actuarial practice to use age 100 as a benchmark for statistical mortality. This is primarily due to historical data on life expectancy and the age distributions within the population. Actuaries often design policies, premium calculations, and reserves based on mortality tables that reflect these trends.

By using age 100 as the point at which individuals are statistically considered to have died, insurers can create financial models that accurately anticipate when life insurance policies will be claimed. This approach reflects a conservative estimate of life expectancy, aligning with the aging populations observed in many regions. Most life insurance contracts also have a theoretical maturity point around age 100, where the death benefit is paid or the policy matures according to its terms.

Using any other age as a statistical endpoint, such as 80, 90, or 110, does not align with actuarial standards and practices widely accepted in the industry. While individuals may live beyond the age of 100, using this age as the point of mortality allows for more reliable financial planning and risk assessment for the insurer.