Elimination rules

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In addition to the discount rate, elimination regulations are the most important calculation bases for private life and health insurance . They describe the shrinking process of a group of people caused by reasons for leaving such as death or disability.

Elimination orders are used to calculate premiums and actuarial reserves. Retirement rules are also used when assessing the obligations arising from company pension schemes.

A mortality table shows the reduction in a fictitious group of newborns over a period of 100 or 120 years due to deaths.

Disability tables are used to calculate occupational and disability pensions. The probabilities of disability (occurrence of occupational or disability), reactivation (recovery and thus return to normal working life of the "active") and mortality are set.