In the context of insurance, what is typically referred to as the risk of loss due to death?

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In the context of insurance, the term that refers to the risk of loss due to death is mortality. Mortality specifically deals with the incidence of death within a specified population and is a critical factor in life insurance underwriting. Insurers assess mortality rates to predict the likelihood of claims related to death and to set premiums accordingly. Understanding mortality helps insurance companies manage their risk and ensure they maintain a profitable balance in their portfolios.

Morbidity relates to the risk of loss due to illness or disability rather than death. Solvency refers to an insurance company's ability to meet its long-term financial obligations and is a measure of financial health rather than a direct reference to risk from death. Viability pertains to the overall capability of a business to survive and thrive in the market, which also does not specifically relate to the risk of loss due to death.

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