The next step is a solve for the Mortality Multiplicator (that can be used as an Underwriting Load). The program finds such value of the Mortality Multiplicator that, if applied to the standard Valuation Mortality Table, it will produce the same LE (with the exception of rounding).
The rationale for this calculation is due to the fact that the Risk Factor cannot be applied directly to the Valuation Table, due to the difference in Mortality Rates. Since it is widely accepted as such, MMR utilizes the following table as a Valuation Table.
| 2008 VBT (Valuation Basic Table) ANB |
|
| Smoker/Non-Smoker |
| Male/Female |
