HARRISBURG, Pa.--Pennsylvania Insurance Commissioner Diane Koken said today that Pennsylvanians may see a reduction in the premiums on new life insurance policies because of a change in the mortality tables used to calculate the insurance premium.
"The mortality table is a tool that shows life expectancy and helps insurance companies calculate the premium that will be charged to a policyholder," Commissioner Koken said. "Advancements in technology are helping us live longer, so it's only fitting that the mortality tables be updated to reflect the changes in Americans' longevity."
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