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Net Premiums for Endowment Assurances and Temporary Assurances, also values of Temporary Annuities, in the case of three or four joint lives

Published online by Cambridge University Press:  18 August 2016

F. W. Robertson
F. W. Robertson
Affiliation:
Scottish Widows' Fund and Life Assurance Society
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Abstract

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Type
Actuarial Note
Information
Journal of the Institute of Actuaries , Volume 54 , Issue 1 , March 1923 , pp. 96 - 103
Copyright
Copyright © Institute and Faculty of Actuaries 1923

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References

page 98 note * Second difference formulas involving , and both for 3 and 4 lives were tested to see if they would give better results than (9) and (10) where x + n = 70. For x =30 or 40 the results by the second difference formulæ are very much better, while for x=50 or 60 there is not much difference in the numerical errors in the results compared with those in (9) and (10).