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Mr. Finlaison's “Report and Observations on the Mortality of the Government Life Annuitants.”*

Published online by Cambridge University Press:  18 August 2016

H. W. Porter
H. W. Porter*
Affiliation:
Alliance Assurance Company
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Abstract

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Type
Correspondence
Information
Journal of the Institute of Actuaries , Volume 9 , Issue 5 , April 1861 , pp. 277 - 288
Copyright
Copyright © Institute and Faculty of Actuaries 1861

Footnotes

*

Report and Observations on the Mortality of the Government Life Annuitants. By Alexander Glen Finlaison, Actuary of the National Debt, 1860. Ordered by the House of Commons to be printed, 25th August, 1860.

References

page 280 note * The only existing Company that quotes special rates for assurances on the lives of females is, I believe, the National Provident Institution. I t appears from the prospectus of this Society that for assurances on the lives of females a small addition is made to the premiums charged for male lives, while the rates for annuities depending on the lives of females are less than those for similar benefits on the lives of males—as is the case with the Government Office and with many other Companies granting annuities. It would appear, therefore, that this Institution considers female vitality to be at once both inferior and superior to that of males—an apparent anomaly. The practice, however, of thus “working the oracle” might probably be defended.

page 283 note * The experience of Life Offices would probably warrant the assumption of a much higher average age—possibly 40.