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The Mortality Experience of the Washington Life Insurance Company*

Published online by Cambridge University Press:  18 August 2016

Extract

Probably in no branch of actuarial work have American experts more conspicuously shown those qualities of ingenuity and originality which are freely recognized as among the most prominent characteristics of their fellow-countrymen, than in that which may be summed up, generically, in the title, “Mortality Experience.” And it is remarkable how many instances of their enterprise in this respect have, within the last few years, been en évidence, whereby our available information on vital statistics has been enriched. But a few years ago, the valuable work entitled System and Tables of Life Assurance, prepared and compiled under the superintendence of Mr. Levi Meech, was published, and the equally interesting, though perhaps less important, Experience of the Connecticut Mutual Insurance Company followed shortly after, in 1883. Other publications of a similar character have been circulated since that time, including the Experience of the Provident Life and Trust Company of Philadelphia, reviewed by Mr. Sprague (J.I.A., xxvi, 316); and the list has received its latest addition in the instructive volume whose title appears at the head of this article.

Type
Research Article
Copyright
Copyright © Institute and Faculty of Actuaries 1890

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References

page 226 note * “I do not know if anyone has framed a table of mortality from bonus-experience alone, but my impression is that selection is exercised against the office to a greater extent with regard to bonus than with regard to original sums assured. A little evidence of this is afforded by the frequency with which, on maturity of a claim, all additions are found to have been surrendered, except the last.” (Extract from letter of Mr. J. A, Higham, published in the Post Magazine of 15 Nov. 1884.)