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The British Offices Life Tables, 1893; an Investigation of the Rates of Mortality in different Classes of the Assurance Experience, and of the resulting Net Premiums and Policy-Reserves
Published online by Cambridge University Press: 18 August 2016
Extract
I have been invited by the Council of the Institute of Actuaries to read a paper dealing with the general bearings of the New Experience Tables. The Unadjusted Data of the Assurance Experience are set forth in the three volumes published by the Joint Committee of the Institute of Actuaries and the Faculty of Actuaries in Scotland, comprising (1) Whole-Life Assurances—Participating and Non-Participating—Male Lives; (2) Whole-Life Assurances—Participating and Non-Participating—Female Lives; (3) Endowment Assurances and Minor Classes of Assurances—Male and Female Lives. The Joint Committee have also kindly placed at my disposal, in the preparation of this paper, the graduated results, so far as available; and the Monetary Tables which have been computed, and which are in course of being printed for publication.
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- Research Article
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- Copyright © Institute and Faculty of Actuaries 1903
References
page 135 note * Theoretically, the point of equality arises at the later age 85, where the OM and OM(5) Tables coincide. But, for all practical purposes, the policy-values may be taken as identical from the earlier age specified.
page 180 note * J.I.A. xxxvi, 316, and Table IV of the present paper.
page 180 note † Tables XXXIX to XLI of the present paper.
page 182 note * Table XLI of the present paper.