Commissioners Standard Industrial Mortality Table

Commissioners standard industrial mortality table is a mathematical table used by actuaries to calculate the nonforfeiture values of industrial life insurance policies. Commissioners Standard Industrial mortality tables are used to establish the minimum amount that must be paid to the policyholder. These tables create uniform payout standards for industrial life insurance policies.

The life expectancy of the insured in these tables is shorter than that of standard tables like the commissioners' standard ordinary mortality table. Therefore, the premiums for industrial policies are somewhat higher than for standard policies. This is due to the fact that the average life expectancy for the insured in industrial policies tends to be less than those who are insured by standard life policies. Industrial insurance covers employees for work-related injuries and illnesses, including medical, hospital, and other rehabilitation services essential to an injured worker's treatment and recovery. 

There's not actually one table used by insurers - there are many, and they've been standardized across the industry under the National Association of Insurance Commissioners, which represents the insurance departments in ll 50 states. As of 2017, these included:

2017 Loaded CSO (Commissioners Standard Ordinary) Composite Tables 
2017 Loaded CSO Smoker-Distinct Tables
2017 Unloaded CSO Smoker-Distinct Tables
2017 Loaded CSO Preferred Structure Tables
2017 Unloaded CSO Preferred Structure Tables
2017 Loaded CSO Nonsmoker Gender-Blended Tables
2017 Loaded CSO Smoker Gender-Blended Tables
2017 Loaded CSO Composite Gender-Blended Tables
2017 Loaded CSO Composite Ultimate Tables
2017 Loaded CSO Smoker Distinct Ultimate Tables
2017 Loaded CSO Composite Gender-Blended Ultimate Tables
2017 Loaded CSO Nonsmoker Gender-Blended Ultimate Tables
2017 Loaded CSO Smoker Gender-Blended Ultimate Tables
2017 Unloaded CSO Composite Tables

These tables can be found on the website of the Society of Actuaries. If you open them, you'll find a wealth of data on the life expectancy of Americas, from birth to age 100 and beyond. Preferred risk are people with the lowest risk of death based on a number of factors. Smokers have a separate set of mortality tables. From this data you'll find that smokers live an average of 10 years less than non-smokers.

The creation of accurate mortality tables is crucial to the financial viability of life insurance companies. As such, there are many different types of mortality tables. Some are considered more accurate or more appropriate than others depending on the situation. For example, the ultimate mortality table excludes individuals who have recently purchased life insurance since these individuals had to pass medical exams to obtain the insurance and are known to be healthy.